Posted on 11/21/2011 9:52:34 PM PST by hiho hiho
The top 10 people who get benefits from the Oregon Public Employee Retirement Systems were made public this afternoon, along with the complete list of pensioners' compensation.
A Marion County judge dismissed a last-ditch effort by Oregon's public employees to block the release of individual pension information for 105,000 retirees by the state pension system.
Among the data released: mean monthly allowance: $2,363.25; and 837 get more than $100,000 a year.
(Excerpt) Read more at oregonlive.com ...
I could get by on $41,000 per year; whoops, I mean $41,000 per month.
Are the pensions taxed or tax free?
In NC, retired state employees and certain retired
federal employees do not pay NC state taxes on their
pensions.
...”A new class in America: the Gubmint Rich!”...
Will someone please explain to me how stealing from the taxpayers like this is different than a bank or some other kind of robbery? Folks, the true workers out here are not of this ilk and we are a majority at the moment. Those who engage in this kind of thing in government should be punished and removed. They are the minority and we can take charge of this if people know about it. That is the problem..Too many Americans do not realize this is going on.
...”Seriously, No government pension should pay more then 100K/yr. (That is plenty to live on)”...
And the cost of living increases should be abolished. Private pensions do not allow that and neither should public pensions. That feature is robbery because it means that retirees may end up making more money through retirement than they did while working on the job. It is insanity and it is wrong. Are we going to let these imposters continue to enslave us through robbery and deceit? Are we going to go willingly into slavery while Nancy Pelosi now wants to take our children from us and place them into government hands? She has stated that she wants to do for childcare what Obamacare will do for healthcare!!!!!!! Please, America, WAKE UP!
***1. Could some of Obamas stimulus money have found its way into Oregon public union pension funds?****
What do think Phony-Care is all about. Watch what happens to THEIR, the >>>US fed. govt. credit rating, if the scam gets voted down in the Supreme Court. Scorched earth, all _ _ _ _ will break loose.
No. Government pensions should be fully funded, preferably through a defined contribution plan. Get the mechanism right and the numbers at the end of the day will take care of themselves.
No gov pension should be over 50 grand, not 100. Most of them should just supplement SS so they should be 12 to 20 thousand. They already have more perks then the Private sector
The way the country is going I doubt if I’ll ever truly retire.
Keep in mind that the ‘employer’ has to agree to the pension structure...
AND, voters elected the ‘employer’ representatives responsible.
Moral outrage just doesn’t cut it when discussing these things. People must realize that they and their fellow voters are responsible.
Don’t blame the folks who are drawing the pensions. They worked within the system in which they found themselves. If it is to be fixed, it should be fixed GOING FORWARD.
People are waking up, a little. Out of control gov’t pensions are a big part of what Scott Walker has been working against in Wisconsin, and taking a lot of flak about.
“from each taxpayer, or a cool $3000 per year...”
Pretty slick 21st century techno-slavery......
I have often wondered what that sleep-disturbing, ever-growing noise was that I have been hearing. I believe it is slurping.
IMHO...”disturbed sleep” is what each “pensioner/slave driver” of that magnitude needs to be experiencing.....wondering just when the pitchforks, tar and feathers show is coming to their address....
That is a rather arbitrary number. High earners may have actual account values that would justify a pension above your 100K threshold. In the case of that coach receiving a $500K per year pension, in all likely hood he would only be able to withdraw $200 - $250K a year if he was managing the account value himself.
I suspect that if you had to manage your own pension account like a 401K, your monthly withdraw rate would only be half of what it currently is. Do I detect the pot calling the kettle black?
Among the data released: mean monthly allowance: $2,363.25; and 837 get more than $100,000 a year.
The mean is fine. The 837 getting over 100,000 a year is a bit much. However, depending on the positions they were in that might not be too bad. I know CEOs who get fired are getting 25 million to leave. I know this is public money but 837 out of millions probably isn’t as dramatic as we make it out to be.
Government pensions are the new slavery issue. Taxpayers are enslaved by the state, at the point of a gun, to enrich their bureaucratic masters through their working dollars and are paid zero compensation for their labor that supports these fat leeches.
There will be a second Civil War fought over this slavery issue. Whether it gets bloody or not is anyone’s guess. I’d guess not, because most government workers are fat, stupid clods who couldn’t fight their way out of a paper bag. It’s time to cut these fat pensions by half or more.
No there not...At every level ya got 15,000 government employees per day retiring on lottery style tax paid government retirements.
Private sector America is chained this bull shit, and forced to pay for it.
They are screwed.
Nope. And I do manage a separate retirement deferred account that I control and contributed my savings into it over more than the last thirty years. I retired early and as a result am only drawing half of what I could have gotten if I worked longer. Because I am not greedy. $100K/year is excessive. Plenty of people get by on a third of that in retirement. And since I was smart enough to pay off my home and put money aside, I am able to help my children and grandchildren. Unlike you, I don't need expensive toys.
I am just playing the devil's advocate. Critics of public pension plans rightly point out that account values on the books don't justify the payouts in many cases. Your own pension may even fall into that category.
I've seen more than a few posts on FR from people that are against what you have done. Your suppose to miserable and retire at 65...
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.