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Perry “retires” early, begins collecting state pension
Hot Air ^ | December 16, 2011 | Allahpundit

Posted on 12/16/2011 9:58:43 PM PST by 2ndDivisionVet

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To: Jim from C-Town
He's getting a check from a trust. Not the State of Texas. Sure, the ERS manages it. But the money in it comes from the folks that pay into it... State workers. Not ordinary taxpayers.

And BTW... I was 10 years old when I saw obvious differences in stories in the Startle-Gram and things I eyewitnessed 3 different times.

Amon Carter's newspaper is and has been crap since at least the '60s.

Quoting anything from them to me is like saying you don't know anything.

/johnny

51 posted on 12/16/2011 11:34:58 PM PST by JRandomFreeper (gone Galt)
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To: Quicksilver
I agree about Social Security, but most state pension systems are not the answer. They happen to be bankrupting a large percentage of the states. They are a large part of the problem.

With the state pension system we have two societies, those who retire with full wages and benefits in their fifties and those in the private sector that work till they are 67 to pay for their betters who happened to be lucky enough to get a job in the government.

52 posted on 12/16/2011 11:35:07 PM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: JRandomFreeper

I have no problem with it. If you pay into a retirement plan (401k or similar) and under the rules you’re eligible to get what you earned, why shouldn’t you take it?


53 posted on 12/16/2011 11:36:39 PM PST by Quicksilver (nominate Rick Perry - defeat Obama - overhaul Washington!)
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To: Jim from C-Town
Except the funds from the ERS don't come from the taxpayer.

That's from a trust paid into by employees.

And on their web page, they say that when it's over, it's over. The state isn't obligated. The state is just managing it.

/johnny

54 posted on 12/16/2011 11:38:24 PM PST by JRandomFreeper (gone Galt)
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To: JRandomFreeper

Facts are facts.

It is called a pension.

It is managed by the State of Texas.

He asked to receive a ‘PENSION CHECK’ while doing the job that qualified him for the check and pays him a nice $150K a year and some nice benefits as well.

It looks bad and stupid, and after his first few debate performances, he can not afford to look stupid.

Do not get me wrong, I think Perry is a good guy and would make a good president. But damn this looks bad.


55 posted on 12/16/2011 11:40:18 PM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: GrouchoTex
Watched “Dallas” and voted for W twice...

...twern’t impressed none.

South Carolina on the other hand has soul and sweet wimmin’ and we is gonna stomp us some Aggie fanny now that a Texas school has joined the SEC.

56 posted on 12/16/2011 11:40:30 PM PST by Happy Rain ("Having A Communist Joke In The White House Takes Graveyard Humor To New Heights.")
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To: Quicksilver
I don't have a problem with it either, as long as it isn't guaranteed by the taxpayer.

/johnny

57 posted on 12/16/2011 11:40:42 PM PST by JRandomFreeper (gone Galt)
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To: 2ndDivisionVet

From what I can tell it doesn’t appear to be a double-dip. As a veteran yourself, I’d think that you’d appreciate that your service counts toward retirement.


58 posted on 12/16/2011 11:42:35 PM PST by Quicksilver (nominate Rick Perry - defeat Obama - overhaul Washington!)
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To: Jim from C-Town
What qualified him for the check is paying into the trust.

It's just the media, and panty knot republicans that seem to have a problem with it.

And I think that's the purpose of the story.

/johnny

59 posted on 12/16/2011 11:42:51 PM PST by JRandomFreeper (gone Galt)
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To: Quicksilver
You are a Perry supporter. It doesn't matter if you have a problem with it. It matters to the 260 million people who do not work for the government and not eligible to receive two checks for the same job.
60 posted on 12/16/2011 11:43:14 PM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Jim from C-Town
Oh... and it's an annuity... not a pension.

/johnny

61 posted on 12/16/2011 11:44:09 PM PST by JRandomFreeper (gone Galt)
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To: Hildy

Could me help me out here? I guess I don’t understand.

It is entirely possible I don’t know all of the facts.

It seems that if I am eligible for some type of pension (one I have contributed to) and continue to work..is that wrong? And if I am able to draw SS in conjunction with a pension and salary..is that wrong? (maybe stupid from a tax stand point).


62 posted on 12/16/2011 11:44:09 PM PST by berdie
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To: berdie
It's not a pension. It's an annuity.

/johnny

63 posted on 12/16/2011 11:45:10 PM PST by JRandomFreeper (gone Galt)
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To: Quicksilver

I’m talking about the optics of it. Do you think the average voter is going to research the ins-and-outs of the Texas Public Retirement System?


64 posted on 12/16/2011 11:47:11 PM PST by 2ndDivisionVet (You can't invade the US. There'd be a rifle behind every blade of grass.~Admiral Yamamoto)
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To: JRandomFreeper

I am sure that is the purpose of the story. Still looks bad. And perception is reality and a lifetime politician should be smart enough to know that.


65 posted on 12/16/2011 11:47:31 PM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Jim from C-Town

My opinion is that it is the states that are responsible for fixing their own retirement programs. Looks like Texas’s ERS is a pretty well managed retirement program, an example of how it should be.


66 posted on 12/16/2011 11:49:24 PM PST by Quicksilver (nominate Rick Perry - defeat Obama - overhaul Washington!)
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To: JRandomFreeper

What does Perry’s double dip have to do with land grant colleges?


67 posted on 12/16/2011 11:49:43 PM PST by 9YearLurker
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To: Happy Rain

Sigh...can’t argue with that.

What team did you say you supported from South Carolina?


68 posted on 12/16/2011 11:50:19 PM PST by berdie
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To: Jim from C-Town
Maybe he doesn't give a rat's pointy little tail. Eventually, truth will out.

I'm worn out with all the whining about appearances. So, officially, I don't give a rat's pointy little tail what it looks like.

Results matter. People will figure it out. Eventually.

I refuse to stress about it.

/johnny

69 posted on 12/16/2011 11:51:22 PM PST by JRandomFreeper (gone Galt)
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To: Jim from C-Town

If he were not Governor would he still receive the retirement payment? If yes, then he’s not receiving 2 checks for the same job.


70 posted on 12/16/2011 11:52:56 PM PST by Quicksilver (nominate Rick Perry - defeat Obama - overhaul Washington!)
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To: JRandomFreeper

Thanks...so he contributed to an annuity instead of a pension?


71 posted on 12/16/2011 11:53:05 PM PST by berdie
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To: 9YearLurker
Re-read the thread. I'm done explaining it to newbs.

If you don't know the difference between a pension and annuity, blame those responsible for your education.

/johnny

72 posted on 12/16/2011 11:53:35 PM PST by JRandomFreeper (gone Galt)
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To: 2ndDivisionVet

Oh man.

Next we’ll hear he put in 1,000 hours of overtime in his last year.

Many government types just do this stuff naturally, they feel very entitled to get the “max” they can from their government jobs.


73 posted on 12/16/2011 11:54:50 PM PST by PieterCasparzen (We have to fix things ourselves.)
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To: JRandomFreeper

When is a pension not an annuity?


74 posted on 12/16/2011 11:54:53 PM PST by 9YearLurker
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To: Happy Rain
Watched “Dallas” and voted for W twice...

JFC!

I hope you washed your hands afterwards. I never voted for W and didn't own a televisor device during 'Dallas'. Still don't, actually.

/johnny

75 posted on 12/16/2011 11:56:40 PM PST by JRandomFreeper (gone Galt)
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To: 2ndDivisionVet

Certainly Perry’s critics will use it to bash him in the same way that Newt’s critics are using the 1.6 million dollars he got from Freddie Mac and Fannie Mae.


76 posted on 12/16/2011 11:57:30 PM PST by Quicksilver (nominate Rick Perry - defeat Obama - overhaul Washington!)
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To: berdie
Perry, 61, gets a monthly retirement annuity

From the article this thread was based on.

/johnny

77 posted on 12/17/2011 12:00:50 AM PST by JRandomFreeper (gone Galt)
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To: JRandomFreeper

It doesn’t matter what you think. You are not his target audiance. The undecided voter who looks at the evening news, goes to work and reads the Star-Ledger, or another MSM rag, while on break at work is his audiance. They are the ones he needs to convince, not me, he makes it through as the nominee, I will rush to the polls to vote for him.


78 posted on 12/17/2011 12:04:09 AM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: 2ndDivisionVet
I like the term I started here: Perrywinkles.

Is that kind of like "Sarah Swooners?"

79 posted on 12/17/2011 12:05:07 AM PST by Allegra (Hey! Stop looking at my tagline like that.)
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To: 9YearLurker
A 3 year old can get an annuity check. He can't get a pension check.

/johnny

80 posted on 12/17/2011 12:06:53 AM PST by JRandomFreeper (gone Galt)
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To: Quicksilver

If he wasn’t Governor for eleven years he would have had to have had another qualifying job in State Government to qualify for the money.


81 posted on 12/17/2011 12:07:21 AM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Jim from C-Town
It doesn’t matter what you think.

True, that.

And the sun will rise in the morning even if I quit breathing in the small hours.

So I'm going to do my part, and leave the results in God's hands.

And not stress about it.

/johnny

82 posted on 12/17/2011 12:09:56 AM PST by JRandomFreeper (gone Galt)
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To: JRandomFreeper

Sage advice.

Perry, however, should stress about it. That is if he ever really wanted to be president.


83 posted on 12/17/2011 12:11:27 AM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Jim from C-Town
he would have had to have had another qualifying job in State Government to qualify for the money.

Point me to the source for that, please.

/johnny

84 posted on 12/17/2011 12:11:46 AM PST by JRandomFreeper (gone Galt)
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To: JRandomFreeper
It is based on his age and years of state service and military service adding up to eighty. That was in the article also.

‘“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.’

85 posted on 12/17/2011 12:15:32 AM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Jim from C-Town
Perry, however, should stress about it.

Why? It could be a lead-in to how much better Texas manages it's retirement system than other states. Something to hammer back with after attention gets raised.

Nah. Man that shoots a coyote that's attacking his dog... shoots and kills the coydog... I'm betting he's a pretty calm fellow.

/johnny

86 posted on 12/17/2011 12:16:13 AM PST by JRandomFreeper (gone Galt)
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To: Jim from C-Town
Under one rule. If Perry had actually retired, could he have collected the annuity? Or is that rule for people that continue to serve?

Because if he wasn't governor now... He would still get an annuity payout. He just hit the top end and triggered a rule.

Seems like we're getting a slanted or partial story.

/johnny

87 posted on 12/17/2011 12:19:44 AM PST by JRandomFreeper (gone Galt)
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To: JRandomFreeper

I have scene him respond in real time and it ain’t pretty. I would suspect this is something he wishes he hadn’t had to defend.


88 posted on 12/17/2011 12:20:49 AM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: JRandomFreeper

An annuity, to me, sounds like an insurance instrument that one would contribute to..as opposed to a state funded pension. That sounds like a good thing, imho.

In my previous posts, I have indicated, I don’t have a problem with Gov. Perry drawing these funds,even if were a state funded pension. It is due to him.Many people work for the state (and private industry for that matter) for the benefits. No crime in that. I don’t see that it “looks bad” at all.

I did find it unusual that the article said he “retired”. As far as I know he is still the Governor of Texas.

This is a tempest in a teapot..to make Perry look bad, imho.


89 posted on 12/17/2011 12:23:13 AM PST by berdie
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To: JRandomFreeper

Sorry pal, but you’re the one blowing misinformation all over this thread. Pension payments are a form of annuity. The TRS is a regular state guaranteed pension system.


90 posted on 12/17/2011 12:24:07 AM PST by 9YearLurker
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To: JRandomFreeper
I am sure we are getting a slanted story. That still doesn't help Perry. It could be an outright fabrication and that would only partly help Perry.

The average voter is Stupid. They do little research and even less critical thinking, yet they vote.

Got to hit the hay. finally got the last baby to fall asleep.

91 posted on 12/17/2011 12:24:53 AM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: JRandomFreeper

Sorry pal, but you’re the one blowing misinformation all over this thread. Pension payments are a form of annuity. The TRS is a regular state guaranteed pension system.

Perry’s retirement payments are due to his filing for them and not some sort of automatic system.

And land grant colleges are neither unique to Texas nor relevant in this discussion at all.


92 posted on 12/17/2011 12:27:00 AM PST by 9YearLurker
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To: 9YearLurker
It's not the TRS. It's the ERS.

So who's blowing misinformation?

/johnny

93 posted on 12/17/2011 12:29:47 AM PST by JRandomFreeper (gone Galt)
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To: 2ndDivisionVet

So? has he started collecting? It’s due to him in any case.


94 posted on 12/17/2011 12:29:48 AM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: JRandomFreeper

Hey clown, there are all types of annuities, pension payments are just one form of annuity. All annuities are not pension payments. Is elementary logic in short supply in Texas?


95 posted on 12/17/2011 12:30:48 AM PST by 9YearLurker
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To: quantim

Dang! Mo’s getting her large ass kicked...


96 posted on 12/17/2011 12:31:32 AM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: 9YearLurker
Is elementary logic in short supply in Texas?

No.

Are manners in short supply where you come from?

97 posted on 12/17/2011 12:32:25 AM PST by Allegra (Hey! Stop looking at my tagline like that.)
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To: JRandomFreeper

The ERS is the TRS.


98 posted on 12/17/2011 12:34:23 AM PST by 9YearLurker
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To: 9YearLurker
And actually.... Texas funding is different than most states. Even with land-grant colleges.

They tend to be set up in trusts. Real trusts, not like SS.

But the ERS is separate from the TRS, where his retirement income (guaranteed pension) will come from, when he retires.

But I'm just a cook.

/johnny

99 posted on 12/17/2011 12:35:03 AM PST by JRandomFreeper (gone Galt)
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To: 9YearLurker

I have to ask...whether it is an annuity or pension, and Gov. Perry eligible to collect, is that wrong?

I can draw Social Security and continue to work if I choose to do so.


100 posted on 12/17/2011 12:36:16 AM PST by berdie
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