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Trillo

(9,154 posts)

18. "Six figure pensions"

Reply to Trillo (Reply #16)

Wed Nov 13, 2013, 05:43 PM

Nov 2013

http://chicago.cbslocal.com/2013/04/29/2-investigators-state-police-retirees-draw-six-figure-pensions/

2 Investigators: State Police Retirees Draw Six-Figure Pensions
April 29, 2013 9:58 PM

(CBS) — Retire at 50 and collect more than $100,000 a year – that’s the plan for a special group of state workers.

This current article is very similar to the ones I was reading about 20 years ago.

Here's another one:

Padded Pensions Add to New York Fiscal Woes
By MARY WILLIAMS WALSH and AMY SCHOENFELD
Published: May 20, 2010

In Yonkers, more than 100 retired police officers and firefighters are collecting pensions greater than their pay when they were working. One of the youngest, Hugo Tassone, retired at 44 with a base pay of about $74,000 a year. His pension is now $101,333 a year.

http://www.nytimes.com/2010/05/21/business/economy/21pension.html?pagewanted=all&_r=0

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Another U.S. city mulls bankruptcy due to soaring wages and pensions [View all] alp227 Nov 2013 OP

"burdensome salary and pension costs" KatyMan Nov 2013 #1

If cities mismanage their finances they will go bankrupt hack89 Nov 2013 #2

I suspect that optimistic projections were only a part of the problem- can you say RDA? LooseWilly Nov 2013 #19

The employees are not to blame hack89 Nov 2013 #20

Tax those corporate tenants... there's plenty of money there LooseWilly Nov 2013 #23

I doubt a small resort town has a lot of corporate tenants hack89 Nov 2013 #25

Walmart, McDonald's, TacoTown, etc... all probably live there somewhere LooseWilly Nov 2013 #27

So what percentage will you tax them at hack89 Nov 2013 #28

Exactly! It's the city's failure to set aside moneys for their contracted obligations SharonAnn Nov 2013 #29

budget messes are every where in the public sector beachbum bob Nov 2013 #3

The reason pension cost rose is because they upaloopa Nov 2013 #9

Well, technically... a defined benefit plan's cost can't "rise"... LooseWilly Nov 2013 #24

I work for a county government and am a SEIU upaloopa Nov 2013 #30

In some years past, maybe as far as decades Trillo Nov 2013 #4

Why don't you do some research on the subject upaloopa Nov 2013 #10

One of my landlords was a retired cop (probation officer), he also told the same story, Trillo Nov 2013 #13

That has nothing to do with pensions upaloopa Nov 2013 #15

That's not what I read, or was told, Trillo Nov 2013 #16

I am a government worker what I said is true upaloopa Nov 2013 #17

"Six figure pensions" Trillo Nov 2013 #18

Not under a typical pension system. haele Nov 2013 #12

Legalize and tax the herb! zappaman Nov 2013 #5

"burdensome salary and pension costs" usually means Blue_Tires Nov 2013 #6

All of these pensions were doable... ReverendDeuce Nov 2013 #7

+1 Starry Messenger Nov 2013 #21

Pensions are dangerous for a long term company. A lot of risk. nt Logical Nov 2013 #8

You know in 50's and 60's just about every worker had upaloopa Nov 2013 #11

Nope, a CFO plans for pensions, just as they plan for facilities and depreciation. haele Nov 2013 #14

when a company goes bellyup onethatcares Nov 2013 #22

How about fucking raising taxes gopiscrap Nov 2013 #26