Posted on 07/03/2007 9:08:41 PM PDT by NormsRevenge
Plus, I believe you have to buy your military years to count them towards your retirement.
I hear with the jail keepers, prison guards, it’s TEN years.
If "the Graduate" was made today, the guy whispering in Benjamin's ear would say, "Government"
C C R.........criminals, crooks, and reprobates : )
Maybe he can take out Harvard : )
We have some teachers in Oregon retired at well over 100%.
You hear wrong. You can search for the state of Cal labor contracts and look up the retirement benefits.
The one above is CHP and the correctional officers is the same. If you want to see the COs it's unit 6.
Don’t know anything about Oregon.
CalPers is also holding a lot of hedge fund securities backed by “funny” mortgages also.
It used to be 3% at 55. But several years the unions got the age dropped and it spread all over the law enforcement agencies local and state.
Then the stock market went down and everyone panicked since a large portion is invested in the market.
With the market back up, don't know why it hasn't "bailed out" the retirement funds.
Medical care may be too much to bail out with just the fund dividend.
Are you referring to mortgages from lenders outside the fund or the loans backed directly by CalPERS?
Wow! That's some expensive lawyers!
I should have added 3% at age 50.
LOL! No, but all those "pension plans" are loaded up with taxpayer funds, so they figure they may as well spend it.
Man, I wish I had a "pension plan" like government parasites get.
If you work in a prison or carry a 9mm for 20 years or more, you can ride the gravy train.
the illegals have been here for over 40 years. the unions and welfare recipients are bleeding the taxpayers dry. I know so many people who simply cannot afford to live here any more and are preparing or have already moved to Arizona, Texas, Colorado, Nevada, Utah, anywhere but here.
California is no longer welcoming to families except of course if you are an illegal alien in search of public services. The state govt will be happy to take from you to give to them.
They're the only government employees with pensions, health care for life, etc?
The cops got the latest by bribing the last two governors. This is the first gov that they can't just walk into his office and call shots. However they are currently negotiating the CO contract and he wants to run for the senate. So we'll see what happens.
“You can’t simultaneously be a welfare state and have open borders.”-Milton Friedman
I know what you mean. The last job I had with a pension plan was at Pacific Telephone. I left that place in 1991 and took the buyout. My current employer follows the standard 401K approach. If you want any kind of retirement, it's a "do it yourself" plan. Contribute all you can afford to the limit of the "company match". Since my company has that plan, I'm pretty much excluded from many other options. There won't be any taxpayer gravy train going in my bank account. I will be taxed on the money I set aside to pay for the pensions of those government employees. Real nice.
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