Josephus Eggelletion
Posted on 07/28/2009 7:43:54 PM PDT by FromLori
Boy, and we thought the huge retirement dollars going to public sector workers in California was crazy. But fat, guaranteed retirement checks are just the tip of the iceberg, really, when it comes to sucking money from the taxpayers.
Bob Norman at the Broward Palm Beach New Times points out how public sector workers can work for the city and collect a retirement check simultaneously:
Recently I did a post about BSO Lt. Col. Ricky Frey making nearly $320,000 off of a popular state retirement scam for government officials that basically allows triple dipping and opulent take-home pay at the expense of taxpayers. All government officials have to do is pretend to retire, start collecting what amounts to a double pension, and then get rehired by the public body.
It's a brilliant, if obscene, practice, and I don't think any public agency has the Broward County School Board beat when it comes to cashing in on it. I received a document from a source that lists all the board employees who have retired from the school district, began collecting both a hefty pension and hefty Deferred Retirement Option Program (DROP) stipends, and then come back as contracted employees to make as much as they were making in the first place or more.
And when they were rehired, they were basically given big fat salaries commensurate to what they were getting when they retired. One name on the list is Carolyn Eggelletion, the wife of Broward County Commissioner Josephus Eggelletion. She was making $109,865 when she "retired." Then she came back to the same job -- principal of Winston Park Elementary -- and today she's pulling in a pension, her DROP stipend (which is usually close to the pension pay), and $114,637 in current salary.
Our guess is that crap like
(Excerpt) Read more at businessinsider.com ...
This screams Libertarian ping list thread!
These are the kinds fo people that need to be discovered, exposed, and strung up. then go after the county boards that allowed (and in some cases conspired with) these swindlers.
These people feel totally fine legally stealing from their neighbors. They have no consciences. “If I can do it and it’s technically legal, there’s no moral problem.” These are evil wicked people that suck off the hard work of their neighbors. And then play the “I’m just a humble public servant” card anytime they can.
Good! Tear it all down, Man!
Let City Hall fight itself, and then collapse under its own weight. Burn baby burn.
someone come in with our reward will be in heaven....*sigh*
It’s a problem in the state of North Carolina as well.
The inevitable result of too big. When nobody personally knows anybody getting the money, it’s too big.
I understand people getting upset by opulent retirement packages, but my retirement was listed as part of my salary, and was one of the reasons I took a public sector job. On the private contractors, it could be a good idea, but it sounds like people were paid over market value for work after they retired.
Ketchikan Gateway Borough School District.
GUILTY AS !@!!MANY teachers and administrators are pulling this scam.
The problem with soicalists is that eventually they run out of other people’s money.
Josephus Eggelletion
It is impossible to get paid too much of whitey’s money if you’re black.
South Carolina too.
I don’t know about you but we call ‘em double dippers here in North Carolina.
...The same insane “stimulus” money that the government has no clue about who got it. Big business and big banks got the 10% of the money to loan to small business, but, they’re not making loans! I pawned all my tools to pay the bills because I was not working. If I get work, I can’t get a loan to buy the tools I need. Sell my soul? Nah, that’s what they want, and they can’t have it. I’m fighting for meself, and my FRiends. Let’s stop this bullsh!t!!!
Somehow, it seems, state & local governments don't contribute all of the taxpayer funded portion of employees’ accounts until they start receiving retirement pay, so we the taxpayers get to pay the principal contribution PLUS the individual account's (fictitious) investment earnings at the time of retirement.
State & local governments’ payments to pension accounts are now half or more of the government entities’ personnel expense in some cases, and it is unsustainable. But it is contractual and the only way out of paying is government bankruptcy (if even then).
California's system is similar and they (the taxpayers, not the retirees) are feeling the pain right now.
Oregon's system (the real part) is largely invested with real estate developers (the state PERS partners I know are slum lords, actually) and the flattening or shrinking of value in those accounts actually helps the state to some extent, but it's a situation that's not going to hold.
Officially, they are TERI’s but do the same thing. They retire for one day and come right back drawing the same money and keeping a slot that no one else can have a shot at.
Isn’t that the whole point of leeches? To destroy the local governments so that the federal government can step in and take over every aspect of our lives?
This was by design people.
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