Cry me a river, “Public Employee” LEECHES!
It seems like they could at least get the name of the town right; it’s Prichard, not Pritchard. Even though I was argued with on a previous thread about this, Prichard has been broke for a long, long time. Their problems preceded the current economic situation.
The unions know it. They don't care.
"Auditors say the New Jersey Turnpike Authority wasted $43 million on unneeded perks and bonuses. In one case, an employee with a base salary of $73,469 earned $321,985 when all payouts and bonuses were included."
"The audit says that toll dollars were spent on items ranging from an employee bowling league to employee bonuses for working on birthdays."
"All this took place while tolls were being increased."
"The biggest expense uncovered in the audit was $30 million in unjustified bonuses to employees and management in 2008 and 2009 without consideration of performance."
"One example was paying employees overtime for removing snow and working holidays and then giving additional 'snow removal bonuses' and 'holiday bonuses.'"
58 years old and the sorry sob could not work, bs
When its either Us or Them, I hope the media doesn’t think they can convince Us it should be Them.
The whole country is screwed. Idiots who watch TV and Hollywood’s crap support this collective mass brainwashing about a kindly youthful Mugabe from Hawaii and Chicago. ALL of TV and ALL of Hollywood support him including Fox where people have posted here that Fox is making fun of birthers.
Loads of conservatives think in 2012 the problem will be solved. Some idiots here bash LTC Lakin for standing up to Obama. Lakin is right he knows how bad this is gonna get.
As far as this old fire chief. Oh well - you retire at 50 and you take your chances. A relative has two retired fire guys from NJ who may be gay. They are probably in their late 40s. It “ain’t” gonna last.
Me, too. They should never have set up the 30 year & retire policy. Even for police & fire-fighters. The fact that you may be too old for a physically demanding job doesn’t mean you can’t find something else to do after that career. Retirement age for all public employees should be 65, & if you can no longer meet the demands of your current job, you move on to something else & collect the pension later.
I also think they should have to choose between pension & SS. That would partially solve another problem we’re going to have to deal with.
This is a start.
These government pension funds are as bad as Democrat newspapers. Stop with the drip drip drip already and just die, for crying out loud.
Just like any ponzi scheme...
Hello McFly....
Why do pubic unions get paid pensions in their 50’s when the rest of us have to wait to 65.
Saays the fire marshall was 58. How long was he retired and how long was he drawing a pension?
If that estimate of public pensions under funded by 3.6 trillion is like most government estimates I say it is at least double that in reality. We all know they have trued to hide the situation for years, this is most likely no different.
>We are out of money, and our many of our public pensions are already on borrowed time.<
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You think this will affect the generous pensions of our congress critters or will they be allowed to slobber at the trough till the very end?
I wonder why they don’t regulate them like they do private pension plans? My husbands plan has to by law (federal/state) and it’s own by laws keep large reserves they actually have to be funded. They actually changed the rules this year including the age, amounts, etc. because of the downturn.
I suppose it’s a political trick for government employee’s pensions because they would then have to come up with real money they couldn’t touch to fund them and people would know the true cost.
Congress does play a role in this the Democrat’s allowed some private companies exemptions to the funding and I suppose we will get stuck with the bill when those plans fail. That’s going to be tough because...
Pension Insurance Agency Reports $23 Billion Deficit
“When Mr. Grafmeyer was Greyhound’s lobbyist, he helped to secure the sponsorship of Representative Charles B. Rangel, Democrat of New York, for a provision letting Greyhound treat its pension plan as 90 percent funded, even if its assets fell to just 85 percent of future obligations.
Normally, a pension plan that dips below 90 percent for an extended time is considered underfunded, and the company must make special, accelerated contributions.”
http://www.nytimes.com/2003/06/22/business/pension-reserve-what-s-enough.html?pagewanted=4&src=pm
Our government should not have been allowed to steal the social security funds either wait until that comes home to roost.
The only way to retire from life is to go to a better life, in Heaven!
No amount of money can spare anyone the hazards of living in a society with no regard for life.
Here come the government employee sob stories..
Tell these SOB the private sector has been going through this for **YEARS** now....
58? Why can’t a 58 year old man work? I mean no offense to him, maybe he was sick, but it’s not like an 85 year old sitting in an unheated home.
Most of my family worked/is working well past 65, and some are not in the best of health, either. But they still work.
What the h*ll was he doing retired at 58? The vast majority of private sector people, who PAY for his retirement, can't retire at 58. They need their money in order to retire some day themselves.
In the case of the UAW it paid off big time since Obamessiah gave it to them in full.
The rest of us whether it is public employee pensions or SS payouts are screwed. There is simply not enough to go round for everyone to retire.
In the case of the UAW it paid off big time since Obamessiah gave it to them in full.
The rest of us whether it is public employee pensions or SS payouts are screwed. There is simply not enough to go round for everyone to retire.