pnwmom
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Sun Dec-04-11 02:26 AM
Response to Reply #12 |
| 38. All their own money? Do policeman manage to save a couple million over their careers? |
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That's how much they'd need to pay out $100K a year in this economy.
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| -San Jose's $100,000 pension club is rapidly growing |
alp227 |
Dec-03-11 09:26 PM |
#0 |
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And how much of this is THEIR money? |
proud2BlibKansan |
Dec-03-11 09:34 PM |
#1 |
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If the workers were contributing at that rate |
AtheistCrusader |
Dec-03-11 09:48 PM |
#3 |
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The contributions are invested |
proud2BlibKansan |
Dec-03-11 09:52 PM |
#5 |
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At 3%? In this market? |
AtheistCrusader |
Dec-04-11 12:09 AM |
#19 |
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In this market? In fairness, when someone who is now retired was negotiating |
No Elephants |
Dec-04-11 02:28 AM |
#39 |
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They go down too. |
avaistheone1 |
Dec-04-11 01:48 AM |
#26 |
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The numbers really don't make sense. Pension plans are designed |
pnwmom |
Dec-04-11 02:19 AM |
#34 |
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Pension plans can be designed any way the parties agree on. |
No Elephants |
Dec-04-11 03:28 AM |
#47 |
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At what rate? |
No Elephants |
Dec-04-11 03:27 AM |
#46 |
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What did they invest in to earn $100.000 in pension payments? This is weird. |
freshwest |
Dec-03-11 11:20 PM |
#8 |
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For one thing, in many locales, cops work a lot of overtime. |
No Elephants |
Dec-04-11 03:30 AM |
#48 |
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Self delete. |
No Elephants |
Dec-04-11 03:59 AM |
#52 |
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Not true, not 100% |
demosincebirth |
Dec-04-11 12:08 AM |
#18 |
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The story does not give us sufficient information to say, one way or another. |
No Elephants |
Dec-04-11 04:22 AM |
#56 |
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Only some fraction. Few people have pensions paying more than their |
pnwmom |
Dec-04-11 02:18 AM |
#33 |
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That can't be right |
BeFree |
Dec-03-11 09:34 PM |
#2 |
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My dad was an FBI agent. Many times he told me he earned more |
snappyturtle |
Dec-03-11 11:21 PM |
#9 |
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Yes, how dare anyone have a dignified retirement!11!!1 |
PSPS |
Dec-03-11 09:50 PM |
#4 |
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Amen |
proud2BlibKansan |
Dec-03-11 09:53 PM |
#6 |
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Agree for the most part. |
No Elephants |
Dec-03-11 11:44 PM |
#10 |
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If $100k is a decent retirement, then most people will have to be satisfied |
avaistheone1 |
Dec-04-11 01:40 AM |
#23 |
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+1. n/t |
pnwmom |
Dec-04-11 02:21 AM |
#36 |
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A dignified retirement is one thing; making more while retired |
pnwmom |
Dec-04-11 02:21 AM |
#35 |
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Cops probably had a good health plan before Medicare. And they probably worked a lot of overtime, |
No Elephants |
Dec-04-11 04:13 AM |
#54 |
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Does this really make sense to you? |
pnwmom |
Dec-04-11 02:42 AM |
#44 |
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Strange. People who earn that much are called plutocrats and the gilded rich here |
dmallind |
Dec-03-11 10:43 PM |
#7 |
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Working all your life as a cop is NOT doing nothing at all. And this may be all their own money. |
No Elephants |
Dec-03-11 11:52 PM |
#12 |
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Working 25 years as a cop is not "all your life." Retire at age 50 with |
demosincebirth |
Dec-04-11 12:16 AM |
#20 |
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It is clear it is not all their own money |
avaistheone1 |
Dec-04-11 01:43 AM |
#24 |
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I don't know if that is necessarily so. You can put money into a system, but it can be spent for |
No Elephants |
Dec-04-11 01:48 AM |
#27 |
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According to the OP's article that is precisely what is going on in San Jose. |
avaistheone1 |
Dec-04-11 01:53 AM |
#28 |
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Either you did not read my post or you did not understand it. |
No Elephants |
Dec-04-11 01:57 AM |
#30 |
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I am not saying they did not contribute money into their pension. |
avaistheone1 |
Dec-04-11 02:12 AM |
#32 |
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I said ALL. For the third time, nothing you quoted supports your assertion about insufficiency. |
No Elephants |
Dec-04-11 03:42 AM |
#50 |
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Chances are it's all tax payers money invested in their pensions. thats a |
demosincebirth |
Dec-04-11 10:06 PM |
#66 |
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Early retirement and double dipping are separate issues. They exist in the military as well. |
No Elephants |
Dec-04-11 01:45 AM |
#25 |
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Being a cop is by no means the most dangerous job in America.. |
Fumesucker |
Dec-04-11 04:24 AM |
#57 |
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Average pay for a policeman in the Bay Area is about 110,000 a year. Ever hear of |
demosincebirth |
Dec-04-11 10:20 PM |
#67 |
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All their own money? Do policeman manage to save a couple million over their careers? |
pnwmom |
Dec-04-11 02:26 AM |
#38 |
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That is not how pension plans or annuities, public or private work. |
No Elephants |
Dec-04-11 03:55 AM |
#51 |
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Here's an annuity calculator. |
pnwmom |
Dec-04-11 05:45 AM |
#60 |
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The median (single) income in that county is $71,000. |
pnwmom |
Dec-04-11 02:31 AM |
#40 |
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Maybe, if you were in that county, you should have been alert way before now. |
No Elephants |
Dec-04-11 04:09 AM |
#53 |
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Oh, right. Everyone who lives in a county has been there for decades. |
pnwmom |
Dec-04-11 05:47 AM |
#61 |
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And maybe the story is one in a long string of hit pieces on public employee unions. |
KamaAina |
Dec-05-11 05:01 PM |
#77 |
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I'm a worker in that county making considerably less than $71,000 |
KamaAina |
Dec-05-11 05:00 PM |
#76 |
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A lifelong career is now doing nothing at all? |
proud2BlibKansan |
Dec-04-11 12:22 AM |
#21 |
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A completed in the past lifelong career means you are no longer doing it, by definition. |
dmallind |
Dec-05-11 12:32 PM |
#72 |
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Goes to show you how magical the combination of "public worker" and "pension" is |
Dreamer Tatum |
Dec-03-11 11:50 PM |
#11 |
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That mischaracterizes even the few posts on this thread so far. |
No Elephants |
Dec-03-11 11:54 PM |
#13 |
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So you're denying that cops are called pigs a lot, and people don't sneer at $100K+ salaries? |
Dreamer Tatum |
Dec-03-11 11:55 PM |
#14 |
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Reading comprehension much? I am denying that you characterizing this thread fairly. |
No Elephants |
Dec-03-11 11:59 PM |
#15 |
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A $100K pension for a public servant is exorbitant, especially when current servants |
Dreamer Tatum |
Dec-04-11 12:00 AM |
#16 |
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That is your opinion, period, and you know what they say about opinions. |
No Elephants |
Dec-04-11 12:06 AM |
#17 |
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Well it obviously is not sustainable because city jobs and services are being cut to |
avaistheone1 |
Dec-04-11 01:37 AM |
#22 |
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Sustainability is also a separate issue. What do you suggest? An ex post facto law |
No Elephants |
Dec-04-11 01:54 AM |
#29 |
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Like or not I believe sustainability is part and parcel of this issue. |
avaistheone1 |
Dec-04-11 02:07 AM |
#31 |
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Ex post facto laws volate the Constitution of the United States, so I disagree with you. |
No Elephants |
Dec-04-11 02:25 AM |
#37 |
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It’s late |
avaistheone1 |
Dec-04-11 03:05 AM |
#45 |
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You are correct that contracts are the way they are for a variety of reasons. |
No Elephants |
Dec-04-11 03:37 AM |
#49 |
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Deleted message |
Name removed |
Dec-04-11 10:47 AM |
#64 |
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In Rhode Island the solution for sustainability has been municipal bankruptcy. |
hack89 |
Dec-05-11 05:42 AM |
#69 |
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Maybe that's not so difficult to understand... |
Sancho |
Dec-04-11 02:33 AM |
#41 |
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Her retirement might equal or exceed her salary. But will it exceed $100 K? |
pnwmom |
Dec-04-11 02:39 AM |
#43 |
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Exceeding the salary is the apples to apples measure, not whether someone who |
No Elephants |
Dec-04-11 04:19 AM |
#55 |
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It's hard to believe that 1/3 of the workers in that city were making |
pnwmom |
Dec-04-11 05:33 AM |
#59 |
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So the typical worker in that county, making $71,000, |
pnwmom |
Dec-04-11 02:34 AM |
#42 |
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Pensions envy! |
No Elephants |
Dec-04-11 04:28 AM |
#58 |
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You see it happen all the time |
madville |
Dec-04-11 07:50 AM |
#62 |
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That's called "spiking" |
KamaAina |
Dec-05-11 04:26 PM |
#74 |
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The retirees were promised this level of compensation. |
Gormy Cuss |
Dec-04-11 10:01 AM |
#63 |
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Governments, local, state, and federal hire Employees at market reduced wages |
Yavin4 |
Dec-04-11 04:11 PM |
#65 |
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If it’s their money... |
Gringostan |
Dec-05-11 04:47 AM |
#68 |
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Here is the last audit of the San Jose pension system - not a pretty picture. |
hack89 |
Dec-05-11 05:45 AM |
#70 |
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Police are union, so no, I am not going to criticize this arrangement. |
closeupready |
Dec-05-11 07:05 AM |
#71 |
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me either. nt |
La Lioness Priyanka |
Dec-05-11 04:55 PM |
#75 |
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They took these pension enhancements over the years instead |
Doctor_J |
Dec-05-11 12:43 PM |
#73 |
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