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To: SeekAndFind; cherry
Just one example of the fraud that is government pension plans is right here in Massachusetts.It involves a guy named Billy Bulger,once the most powerful person in Massachusetts state government.

He's also known for being the kid brother of Whitey Bulger,former FBI Ten Most Wanted,serial killer,and the subject of the excellent film,"Black Mass".Billy is believed to have tipped his brother off that the Feds were about to arrest him,at which point he went on the lam for 20+ years.Billy also testified,under oath,before a (US) House of Representatives Committee and took the Fifth several dozen times.

Today,Billy is collecting a $250,000 a year pension...courtesy of the taxpayers of the Commonwealth of Massachusetts.

8 posted on 04/26/2018 10:48:48 AM PDT by Gay State Conservative (You Say "White Privilege"...I Say "Protestant Work Ethic")
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To: Gay State Conservative

Even before she retired last week, scandalized IRS official Lois Lerner’s compensation was already attracting attention. While on administrative leave, federal rules allowed her to keep collecting a salary, one that reportedly totaled $177,000. So it was no surprise when speculation arose over how much Lerner could collect in federal pension benefits.

SOURCE: https://www.ntu.org/governmentbytes/detail/learning-the-cost-of-lois-lerners-pension

As per the National Taxpayer’s Union estimate:

Lerner’s retirement benefit could be quite generous. Want to assume she joined CSRS after she left the judicial branch, and signed on with the Federal Election Commission in 1981? The annualized benefit would drop … to $96,200, and the lifetime total to $3.7 million. Want to be ghoulish, and project a lifespan of 80 years instead of 87? The lifetime amount would be less … but still a considerable $2.57 million. Or, suppose she decided to leave CSRS and transfer into the newer Federal Employees Retirement System (FERS) when offered the chance during one of the “open seasons.” The pension benefit would be significantly smaller, just under $60,000 annualized to start. However, with FERS, she would also participate in and be eligible for Social Security benefits, and could take advantage of a government salary match of up to 5 percent through the Federal Thrift Savings Plan, which works like a 401(K) defined contribution arrangement. In the end, her FERS package could still be quite lucrative.


11 posted on 04/26/2018 10:52:00 AM PDT by SeekAndFind
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To: Gay State Conservative

Do you remember when Billy went to court a few years and sued to get a bigger pension payment? He won. They increased it somewhere in the $35-40K range/year. I was so glad I lived in NH when I heard that on the news.


17 posted on 04/26/2018 12:21:23 PM PDT by woodbutcher1963
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