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A $76,000 Monthly Pension:
Why States and Cities Are Short on Cash
NY Times ^
| 4/14/18
| Mary Williams Walsh
Posted on 04/16/2018 4:30:52 PM PDT by Libloather
A public university president in Oregon gives new meaning to the idea of a pensioner.
Joseph Robertson, an eye surgeon who retired as head of the Oregon Health & Science University last fall, receives the state’s largest government pension.
It is $76,111.
Per month.
That is considerably more than the average Oregon family earns in a year.
(Excerpt) Read more at mobile.nytimes.com ...
TOPICS: Crime/Corruption; Editorial; Government; News/Current Events
KEYWORDS: broke; cash; pension; states
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Even prosperous communities are being pinched. The Beaverton School District, outside Portland, had to get rid of 75 teachers last year when its mandatory pension contribution rose by $14 million. That was after shedding 340 teachers in 2012.
Aaaaaand, just like always, they need more money.
To: Libloather
Just raise taxes. Shouldn’t be a problem in Blue States.
Pension Crisis solved.
2
posted on
04/16/2018 4:33:48 PM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: Libloather
Does the standard Ophthalmologist even come close to making 900K per year?
3
posted on
04/16/2018 4:34:04 PM PDT
by
LukeL
To: Libloather
CALI FIREMAN POCKETS ANNUAL MILLION DOLLAR PENSION A Los Angeles fireman retired in his 50s with a pension of over 1 million dollars per year with lifetime medical benefits.
Job Title: Assistant Chief---Retired 2010---Years service 32
Rec'd from L/A Fire and Police Employees’ Pension Fund 2015: $1,164,022.65 annual
Lifetime Health Benefits $17,286.69 annual (Excerpt) Read more at breitbart.com ...
4
posted on
04/16/2018 4:35:05 PM PDT
by
Liz
((Our side has 8 trillion bullets;the other side doesn't know which bathroom to use.))
To: Liz
They can’t slash pensions.
Public unions are the muscle behind Democrat political power.
Its a Catch-22.
5
posted on
04/16/2018 4:36:54 PM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: goldstategop
[Just raise taxes. Shouldn’t be a problem in Blue States.]
Sounds like a great idea.
No joke, saw some California libs on Yahoo bragging they had a surplus.
Yes, it was a thread about illegal aliens.
No, you cannot make this stuff up.
6
posted on
04/16/2018 4:37:32 PM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: goldstategop
Not only cant they slash pensions......but the pensioneer has contributed to the pension and is thus protected by ERISA laws.
7
posted on
04/16/2018 4:39:45 PM PDT
by
Liz
((Our side has 8 trillion bullets;the other side doesn't know which bathroom to use.))
To: goldstategop; All
They can’t slash pensions.
Public unions are the muscle behind Democrat political power.
Its a Catch-22.
They did in Wisconsin with Governor Scott Walker.
8
posted on
04/16/2018 4:40:14 PM PDT
by
marktwain
(President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
To: SaveFerris
Can’t the ridiculous pensions declare bankruptcy?
9
posted on
04/16/2018 4:40:50 PM PDT
by
\/\/ayne
(I regret that I have but one subscription cancellation notice to give to my local newspaper.)
To: Liz
Yup. For an eye surgeon, given his skill set, I would say its what he’s worth.
And doctors and lawyers are highly valued by society as are cops and firefighters.
10
posted on
04/16/2018 4:43:54 PM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: Libloather
More than I receive in two years of VA disability.
11
posted on
04/16/2018 4:44:43 PM PDT
by
2ndDivisionVet
(You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
To: goldstategop
“For an eye surgeon, given his skill set, I would say its what he’s worth.”
Then you won’t mind blowing the dust off your checkbook. How does $10,000 a month sound?
L
12
posted on
04/16/2018 4:46:17 PM PDT
by
Lurker
(President Trump isn't our last chance. President Trump is THEIR last chance.)
To: \/\/ayne
No. Its a contract between you and the pension fund.
If you put in the required number of years to be fully vested, you’re legally owed your pension.
Not your problem if they didn’t do their due diligence on whether they could afford it.
You put in all those years of work and they should count for something.
13
posted on
04/16/2018 4:49:30 PM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: Libloather
THIS IS SHOCKING!!!!!!
That the NYTimes is reporting this.......
14
posted on
04/16/2018 4:50:51 PM PDT
by
Flycatcher
(God speaks to us, through the supernal lightness of birds, in a special type of poetry.)
To: goldstategop
Private companies also have contracts with pension funds but when they can no longer afford them they are able to declare bankruptcy. When public pension funds grow beyond the ability of the taxpayers to pay for them at reasonable tax rates, then cities and states should also be able to declare bankruptcy.
To: \/\/ayne
I don’t know but I WANT a $76,000 monthly pension!!
LOL
That will buy a LOT of beans and rice!
16
posted on
04/16/2018 4:58:45 PM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: Libloather
The Nomenklatura public pensions will bankrupt the country, NOT social security retirement benefits which are much less.
To: goldstategop
These governments need to go through bankruptcy. The salaries, pensions and other benefits they have given out to their employees are criminal.
To: Anti-Bubba182
The Nomenklatura public pensions will bankrupt the country, NOT social security retirement benefits which are much less.Bingo.
19
posted on
04/16/2018 5:01:43 PM PDT
by
Flycatcher
(God speaks to us, through the supernal lightness of birds, in a special type of poetry.)
To: Petrosius
Private companies also have contracts with pension funds but when they can no longer afford them they are able to declare bankruptcy.And then the PBGC (meaning us taxpayers) picks up the tab.
The pensioners don't just lose their pensions.
20
posted on
04/16/2018 5:04:28 PM PDT
by
semimojo
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