Skip to comments.Perry “retires” early, begins collecting state pension
Posted on 12/16/2011 9:58:43 PM PST by 2ndDivisionVet
Yes, hes still governor. Hes retired only for benefits purposes, which means he can start collecting his pension while hes still collecting a salary. Its perfectly legal. Just unhelpful.
Perry makes a $150,000 annual gross salary as Texas govenor. Now, thanks to his early retirement, Perry, 61, gets a monthly retirement annuity of $7,698 before taxes, or $6,588 net. That raises his gross annual salary to more than $240,000
[T]he disclosure is sure to spark criticism of Perry, who has called for sweeping changes to Social Security for average workers and has railed against special perks that members of Congress get.
Perry was legally able to begin collecting the employee class annuity under the rule of 80. The combination of his U.S. military service, state service and age exceeded 80 years and qualifies him for the annuity under Texas Government Code 813.503 as amended in 1991, Sullivan said. Perry continues to pay into the Employees Retirement System with a 6.5 percent withholding from his state salary.
I do advocate totally rethinking the safety net, personal security programs completely, Perry said in a November 2010 interview. Why is the government collecting your tax money for retirement and health care programs? Thats not a stated constitutional role.
He retired back in January, months before he decided to run for president. Had he known he was going to jump in and take withering fire from Romney on his entitlements rhetoric, I assume hed have waited to start collecting. But it is what it is, and itll be thrown in his face every time the subject of Medicare or Social Security reform comes up. I dont blame him for his logic: He paid in, he worked hard, he followed the rules, and now he wants his money. Problem is, thats the same attitude seniors take towards federal entitlements, and if Perry beats Obama, hell suddenly be the guy tasked with convincing them to relax that attitude a bit in the name of our common fiscal good. How does he rally them to take one for the team and wait until, say, age 68 to enroll in Medicare if he couldnt wait until finishing his term as governor to start taking his own pension? When I tweeted that a few hours ago, Perry fans jumped on me by answering that Democrats will smear him and attack the GOP viciously no matter what. Which is true, but how does that mitigate the potential damage here? An enemy armed with artillery is more dangerous than an enemy armed only with rifles, and this represents a bit of artillery for them insofar as theyll use it to try to galvanize resentment against Perrys supposed hypocrisy. Why do you think Gingrich couldnt resist digging at Romneys track record at Bain? Voters remember details to which they can relate personally, like pensions and layoffs. Its not a liability thatll sink Perry, but yeah, itll be used against him. Texas Democrats are already using it, in fact.
Exit question via Aces co-blogger Drew: You think Chis Chistie might show up at a few events to talk about Perrys pensions?
(VIDEO AT LINK)
I hate to know my eyes are getting bad...
Is this on the square? Is this satire? If not, good God if it is not. PerryTINKLERS are gonna go nutzzzz over this huh?
I like the term I started here: Perrywinkles. LOL
I want to know if it was automatic or if Gov. Goodhair requested it.
In most cases our gov’t is in autopilot in these matters. I would like to know if this was a request on the part of Perry or if this is an automatic feature in the TX gov’t.
Must be nice.
But everything is big in Texas—especially egos, avarice and cronyism.
LBJ land to a T.
The term ABC World News used was “double-dipping”.
Make the stupid man stop.
In Texas, it isn’t really like a pension, it is closer to a 401K. The money he is taking out, he has paid in over his career and is matched by the State up to a certain percent (not sure the exact percent).
Nothing really wrong with that. It is like you rolling your 401K over into an annuity when you hit retirement age but continue to work.
“I have signed into law H.R. 4331, a bill that substantially incorporates the social security changes which I urged in my address of September 24 to the nation—restoration of the minimum benefit for people receiving that benefit, and interfund borrowing to tide the system over while the new National Commission on Social Security Reform develops a bipartisan plan to achieve long-lasting solutions to social security’s financing problems.”
Beware: Mitt N Perry’s movement of the mouth...
Here are the details.
This isn’t a pension like you would see in other States.
Take your Texas envy elsewhere.
LBJ was a primo barstid. He's gone. We've fixed a lot of things since then.
that’s probably the pension of a DMV worker in California and that is entry level. haha. union of course or maybe an entry level Homeland Security worker at the airport. thank the unions!
He requested it.
All we get from Texas are illegal alien rapists, murderers and thieves who used Texas as a highway.
Give them amnesty if you want but keep the rotten bastards in YOUR state, OK?
They don't have amnesty here. And we don't want them either. They also use NM, Arizona, California and Florida.
So ease up on the Texas bashing.
He requested to start recieving his pension in January. Read the article.
paragragh six: ‘He retired back in January, months before he decided to run for president. Had he known he was going to jump in and take withering fire from Romney on his entitlements rhetoric, I assume hed have waited to start collecting.’
What have you done to protect the border?
South Carolina would give the Lone Star the biggest whuppin’ since Santa Anna kilt John Wayne.
Gotta feel sorry for you though—getting Glenn Beck and all.
Which I haven't seen proof of.
And, as others have pointed out. The retirement system in Texas is different than in other states. Heck, we still have Land Grant Colleges.
Plain and simple, it looks like shit from a guy bashing on Social Security when it pays a whopping $1,177 average monthly benefit and a massive $2,366 max benefit. He, however will collect damn near 700% more a month than the average Social Security Recipient in retirement alone while still collecting a fat six figure paycheck All on the Government (peoples) dime.
Sorry to break it to you, IT LOOKS BAAAAAD! Real Bad!
I got nothing scheduled for the rest of my un-natural life. And I figure we're going to get one soon enough, one way or the other.
But it would be best if conservatives didn't do a bunch of eye-gouging, nipple twisting, ear biting, hair pullin' and other mayhem on each other while the major cities of the nations burn because of the liberals.
I wouldn’t be surprised if they are manipulating this, so what, facts are facts. He is receiving TWO paychecks a month while doing one job. Both checks are from the government of Texas.
The media tried to make a big deal out of that, too. That's why I recognized this.
Hey now..I resemble that remark, lol. And if I had any feelings, they might be hurt.
I don’t know what you have against Texas...unless it contains the phrase “wanna be”.
And he's getting another check for his prior service.
And I still haven't seen proof that this wasn't anything but automated processing and lame-stream media.
And, of course, a bunch of eat-our-own so-called conservatives.
I'm no fan of Gov. Goodhair. But he's good enough.
I am running for County Supervisor and I have been saying that we must talk about this double dipping pension bond sense.. Nobody wants to talk about it.. But we are going to. It’s a State decided thing but I am going to keep letting the citizens know what goes on until everyone is mad enough to force the State to change it.
That’s one Big Azzed Pea!!!
I am running for County Supervisor and I have been saying that we must talk about this double dipping pension nonsense.. Nobody wants to talk about it.. But we are going to. It’s a State decided thing but I am going to keep letting the citizens know what goes on until everyone is mad enough to force the State to change it.
Seems to me that is the point that Perry is making about SS. It can do much better, that’s why he says that younger workers should have the option to manage it themselves.
Am I running for the Republican nomination?
Thanks for that explanation.
There is nothing wrong with withdrawing from a 401K type of pension and continuing to work. Many do it.
Not that I know of. :) What would you do if you were?
They wouldn't distort anything, would they?
“That's been in place for decades. ... I don't find that to be out of the ordinary,” Perry said of the practice. “ERS called me and said, ‘Listen, you're eligible to access your retirement now with your military time and your time and service, and I think you would be rather foolish to not access what you've earned.’”
He asked for the Money. He put in the paperwork. Dumb, Dumb, Dumb! Collect Double Dips while running for President and calling a system that steals 12% of the average workers wages every year for forty plus years and returns a paltry $1,00. per month at age 67, if he or she is lucky enough to actually live that long.
Well, all media distorts according to their bias and agenda.
Also big in Texas:
Heroism, Freindliness, Faith, Patriotism.
Sorry if you weren’t fortunate enough to be from here.
Texas does that a lot. Like the Land Grant Colleges.
Eleven years of the nineteen year service WAS FOR THE JOB HE HAS NOW, not his prior service. He is still doing the same job.
I know what I wouldn’t have done: Started drawing a double-dip pension right before I declared for president. I also wouldn’t have signed a bill that gives illegals in-state tuition at my state’s colleges.
I certainly can’t speak for all Texans, but I can’t help but believe that it would be best that you stay in your own state and defend it. :)