Posted on 12/28/2010 3:28:47 PM PST by artichokegrower
Public sector unions must be abolished nationwide. They fund communism, blow government budgets, and corrupt the [political process. Without the public sector, the union movement would have died out in the United States. ENOUGH IS ENOUGH!!!!!!!
“And people wonder why California is going bankrupt”
You will be bailing them out, don’t worry. They’re too big to fail, dontcha know?
$200K pension for a fireman? No wonder children want to be to be firemen when they grow up.
Defined benefit pensions were never designed for individuals with the ability to accelerate salary growth. They were designed for low wage workers with small, predicatable salary increases. Even with this class of workers, defined benefit pensions do not work with the discount rates promoted by pension agencies. I have seen incredible pension abuse in my data sets. The taxpayer has been raped by a vicious principal-agent problem in which the interests of the agent (politicians, public employee management, and pension agencies) are diametrically opposed to the taxpayer.
The problem is that these jobs (in the day) were never meant to be “lifer” jobs. No offense to cops and fireman, but you took jobs there while you were young and sort of “figuring stuff out”.
Obviously some stayed for a long time, but not most.
Now it is literally a lottery ticket.
Like I said in my last post on this thread, they can’t even hire someone young at $100K because he’d be the laughing stock of the firehouse (making less than them).
Remember, this is ALL not including massive benefits on both the yearly as well as the pension.
In the private sector, the CEO won’t pay. He’ll go hire a young bright kid to do the work for 1/2 as much. If no one likes it, they can ALL hit the bricks.
You can’t do that in unionized-thug-municipality run nightmares like fire departments.
With many of these cases, being needed and being hired are two different things until cronyism gets them together.
With many of these cases, being needed and being hired are two different things until cronyism gets them together.
Add to the pot the millions of "double-dippers" in the Federal Government, EX-MILITARY, in particular, which make the state's "Double-Dippers" look like pikers.
Yep! The Goose will soon vanish and we will have a LOT of SPOILED BRATS POUNDING PAPER.
THE GRAVY TRAIN WILL COME TO A GRINDING HALT SOONER THAN WE THINK!!!!
GOOD RIDDANCE!!!
;-)
Tons of companies rehire retired employees as temporary consultants or contract labor..
If they choose to hire him back while on retirement he pays his own medical, recieves no vacation or sick time and actually saves them money by not hiring someone else with less experience.
When I tell others they're being gang raped by government at all levels, I'm not joking.
City, county, state and federal employees are literally choking off the private sector tax payers.
Wait a minute here....
What exactly are these investments, where they can pay people on the fire department hundreds of thousands of dollars every single year?
Most in the private sector have watched their investments get decimated and jack hammered for the past 5 years..
Are these fire department employees investing in drug cartels?
being a nurse is a reward in itself, but I too missed the boat....should have been a Broadway stage hand or at least a govt funky.....as it is, my salary and benefits are pitiful compared to a growing number of govt “workers”....
“If he contributed to a retirement plan and the city made interest off his money then its legit, just like if you had done it with any company.”
Except in the private sector you cannot accrue sick leave and vacation year to year and then cash them out on your final year of employment. This allows one to increase one’s salary for that final year and base one’s pension benefits off of that inflated wage.
It's the workers in the private sector who are really the servants these days.
Absolutely...We were warned many times by the founders about kings and controlling corrupt governments..
See 32....
In Dallas believe the fire chief makes a little over a hundred thousand, but the average firefighter makes 40 or so. If they promote to officer levels after testing they make 60 or so, but those positions are fewer, say one on each shift at each station.
These types of situations reported in the media are only a small percentage of the actual retirees.
In my experience most retired firemen last about 5-10 years after retiring then die. Only half of the unused funds transfer to the widow, then when she dies its over. I dont know about police.
In our department the city actually has encouraged people to retire and stay on the job for up to 5 years at normal salary. Saves them training costs, insurance, and vacation pay and they also retain highly trained bomb techs, hazmat techs, and other specialists. Not to mention the retiree still has to contribute to the fund from each check as though he were still working.
Like I said its not all tax payer funded, though these reports like to make it look that way.
And yet the voters in CA voted the biggest spending of the big spending Dems back into office. All I have to say is Thank God I don’t live in this corrupt, cesspool of a state. Its beyond redemption.
Of course in the private sector you dont run into burning buildings often either.
“Maybe people will wise up.”
Maybe people will RISE up!
What exactly are these investments, where they can pay people on the fire department hundreds of thousands of dollars every single year?
Most in the private sector have watched their investments get decimated and jack hammered for the past 5 years..
Are these fire department employees investing in drug cartels?
Hes the fire chief.
NO, no, no, no, no...lol....
Ya see this goes far beyond this one guy.
Ya see, there are tens of thousands of rank and file government employees on the fire department and cop departments who are retiring at 50 years old, and getting $60,000 to $250,000+ every year in government retirement pensions.
Once again, are all these fire department employees and cop department employees investing in drug cartels?
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