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 ...
But on the plus side, he'll still be able vote Dem even after he's dead...
“””The university he ran may have had thousands of employees and a billion dollar budget. Equivalent to a CEO of a mid-cap private company. A 900K pension may make sense, equivalent to a $20 million lump sum. The theory is that he could have been CEO of a biotech company. ,”””
What experience or education does an eye surgeon have running a hospital as large as you suggest? That’s like saying the guy that programs the computer modules on the cars can run Ford?
And are they working for more than one entity..
That said...I knew a OBGYN Doc in SoCal...that was going broke...because of liability insurance. And she was a GREAT Doctor......
Knew a Pediatrician..that was barely making $90k a year.....
Fed Pensions are taxed.
No can do. Pension distributions are treated as income, and your total income is taxed accordingly. So pensions are already taxed. What needs to be done, is to reduce pensions so they are enough to sustain a person in their retirement, but not an exorbitant pension that is far more than what an ordinary person needs in order to survive. At today's cost of living, I would limit it to a maximum cap of $100,000. No one needs more than that. If they were earning a large income then one needs to put aside savings for frills in retirement.
make that 100,000 and now you’re talking.
“Fed Pensions are taxed.”
With the the revenue put right back into....Fed Pensions.
“Just because the unions and politicians acted in unison to defraud the public treasury does not mean the government employees get to keep their inflated pensions.”
Exactly. The money’s gone, you get nothing.
They can sue the corrupt public officials, if they like.
The reality is that most could or would not. It is a scam on the public.
The government bums already tax social security...which I already paid tax on once. A ponzi scheme and scam if there ever was one. Thanks idiot lunatic LIBs.
Defined benefit pensions for most public employees should have gone the way of the dodo 25 years ago. The fact that they haven’t is criminal.
I was playing the Democrats advocate.
Yes, we borrowed the money and hired a company.
Eye don’t have a clue!
Yeh. A “surplus” because it wasn’t racing into debt as fast as he thought! Damn politicians.
By comparison federal fire gets 34% after 20 without counting overtime in the pension calculation.
With the the revenue put right back into....Fed Pensions.
Back in 9th Grade I told my American History teacher that government employees actually did not pay taxes and he went ballistic.
I told him that since they were paid by the government that any tax that was supposedly paid by them was just the government holding back some of the taxpayer's money. The get their money from the government so paying it back is not really a tax. He was a bit livid yet about three days later, in front of the whole class, he apologized to me and told us that my statement was really correct. If a government employee makes $50,000/year and is billed $10,000 that employee actually is just being paid $40,000/year from real citizen taxpayers.
This was back when liberals would actually listen to another person's views and think about them.
Illinois State pension -— $2 for every $1 you put in. If you’re highly paid, it doesn’t take long for that to add up.
Exactly and it not only can be, it must be. There is a limit to the ability to tax full time workers grossing $5K or so per month to subsidize pensions of non workers and retirees making many times more, both politically and financially.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.