Skip to comments.Perry drawing state retirement plus salary
Posted on 12/17/2011 2:00:04 AM PST by Cincinatus' Wife
..On a campaign swing through Cherokee, Iowa, Perry was asked why the Employee Retirement System should be paying his retirement while he's still collecting a salary.
"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.'"
...The governor's gross annual salary is $150,000; his net salary is $133,000. The net monthly annuity check Perry started receiving Jan. 31 is $7,698. Combined, his net pay from the state is now more than $225,000 annually.
...."As part of his standard financial planning, on Jan. 31, 2011, Gov. Perry began to receive a Texas state employee retirement annuity of $7,698 per month before taxes ($6,588 net)," [Ray] Sullivan said. "The annuity is consistent with Texas state law and Employee Retirement System rules."
'Rule of 80'
Perry, 61, has a long record of state service, having won election as a state House member, state agriculture secretary and lieutenant governor before becoming governor in 2000.
Sullivan cited what's known by state employees as the "rule of 80," which allows state employees to start drawing on their retirement when their age plus years of public service credit totals at least 80.
"The combination of Gov. Perry's U.S. military service, state service and age exceeded the state-required 80 years and qualified him for the annuity," Sullivan said.
Perry continues to pay 6.5 percent withholding tax from his state salary to the state retirement system, the spokesman added.....
(Excerpt) Read more at star-telegram.com ...
And with a bit of research, Speaker Newt Gingrich was eligible to collect his government pension beginning when he left office in 1999. [possibly $120K X 12 years = $1,440,000.00 + a gold-plated Congressional medical plan] If someone has better numbers please link that information.
And, big deal. Is this really an issue? I don’t think so. He’s entitled to it and so, he’s taking it. Not a one of us would do anything differently, including those making a big issue out of this.
I noticed an older FR thread on Gov. Perry’s pension. This article explains the “80” rule.
I expect many school superintendents are earning a much higher salary (and with much less to show for it). The base pay (with many benefits beyond salary) for the Dallas Superintendent of Schools is $332,832.
Gov. Perry is the executive of the 13th largest economy in the world, a state of 25,000,000 (and growing).
Perry is an honest man case closed
They don’t even mention Perry’s income from his years of private sector work.
You mean the few years after he got out of the Air Force, when he worked with his dad trying to scratch out a living on a West Texas cotton farm during a drought?
I think its a big deal. If it was Sarah Palin. She would’ve reduced her own takeout. The difference from a reformer to a establishment
........"Also, a warning to Newt Gingrichs campaign: newtgingrich.com is currently for sale. His campaign, located at newt.org, might want to look into that."
In Campaign 2012, Web sites are the new real estate ...."A Washington Post analysis of federal campaign spending reports shows that President Obama and Romney spent thousands of dollars this summer at GoDaddy.com."....The Perry campaign said it had not bought many domains; it reported no such expenditures in its campaign finance report filed last week.
The public is more interested in how the candidates can create jobs and improve the economy, not how many domain names you can rack up, Perry spokesman Mark Miner said. Were not running for student body council here. This is for president of the United States.
But Perrys opponents and other parties are buying up domains about Perry. In most cases, the addresses have not been put to use and lead to empty Web pages.
In several instances, anti-Perry domains were bought on the same dates that the Romney or Obama campaigns reported making transactions at GoDaddy.com, according to an analysis of online domain-registration records.
On Aug. 15, two days after Perry launched his campaign, Obamas campaign spent $3,958 at GoDaddy.com. At least 70 domains containing Perrys name were bought on the same date."...
Her government service isn't as long as Gov. Perry's so we will never know, will we?
I smell Karl Rove on this
I have a point to make here, so bear with me.
As many know, I live in a small city in the western part of the nation. What I’m going to tell you is probably repeated in many small to medium sized cities across the U.S. This is going to be a factor in this election, so pay attention.
My water consumption for two months equaled $16.96. My water and sewer bill equaled a grand total of nearly $200. I’ve been unemployed for a year with no unemployment pay.
Why is my public services bill so high?
So I can pay people like Rick Perry hundreds of thousands of $$ in pay even though they shouldn’t be retired before age 65.
You should be asking yourselves this: just because a person can do something, should he/she be doing it?
Rick Perry’s 10th Amendment, small government stand has never been “appreciated” by the GOP establishment. The battle lines have been drawn. Karl Rove (Fox “News” contributor) is certainly in the GOP establishment camp.
When Rove-Bush Machine-Kay Bailey Hutchison ran a primary challenge against Gov. Perry in the last election (Perry won by 20 pts), he certainly didn’t endear himself to the Rockefeller wing of the party.
but we do know. She reduced her own salary and cut her overall spending by 80% from previous governors
sorry but the price you pay for water has nothing to do with what Perry get’s in salary or retirement.. take that up with the state legislature.. paaaleese
How is that relevant? How much were they spending? Alaska has less than 1 million people. Texas has over 25,000,000.
Actually for a career politician he doesn’t have that many assets! Usually they can steal much more than that!!
I don’t see your point on Alaska 1 million and Texas with 25 million people. So?
You’re ignoring the fact that literally millions of Americans are being screwed by double dipping and triple dipping public “servants”, who earn hundreds of thousands of dollars more in retirement monies than members of the general public do in regular wages.
Or are you brain dead?
And if you don’t think this will have an impact on the next election, guess again.
no are you brain dead?.. Perry doesn’t control his salary or retirement.. holy crap give it a rest
I don’t get your point about Perry’s pension having anything to do with Palin’s.
Since you’re attempting to make a potpourri, throw in this: Gov Rick Perry is the first Texas governor to cut spending since WWII.
No, I’m not going to give it a rest!
What’s the matter? You can’t stand someone pointing out the truth that Rick Perry doesn’t have the sense to wait and collect retirement later, which would be to his political advanatage?
Sorry about your state taxes. Are you in Oregon or Washington state?
Like we "Perrywinkles" have been saying from day one it gonna come down to the Rove/Bush/Eastern power candidate Romney or the Republican Governors candidate, Perry.
These governors have been talking about this for years and removing the power from Washington. Jeeze Haley Barbour has his own PAC that he uses to promote candidates and platforms in opposition to the RNC.
Perry is going to win Iowa and Rove and Fox News are going to crap their pants.
What people outside Texas don't understand is this is classic Rick Perry. Just when they think they have him beat, they realize they are the ones losing and it pisses them off because they think they are smarter than Perry. "How is this dumbass beating me at every turn?"
God that is how.
We hear this ridiculous argument over and over. Pensions, double dipping, triple dipping...on and on.
The simple fact is this:
1. The PEOPLE who VOTE ELECT the IDIOTS who craft these kinds of ‘retirement’ plans, at ALL levels of government.
2. STOP vilifying the people who work in those systems and then accord themselves the rewards promised, regardless of the amount or duration.
3. IF YOU STILL HAVE AN ISSUE, REVIEW #1, ABOVE, and then LOOK IN THE MIRROR. YOU did it to yourself.
Unless and until the PEOPLE come to the realization that they do, in fact, control their destiny at the ballot box, and in holding accountable those who are elected, we are destined to continue down this path.
And every time it happens, they call Rick Perry “lucky.”
People make their own “luck.”
Rick Perry works for each and every vote. When he meets people they feel his honesty, sincerity and conviction.
The state of Texas says if you're age + your service in the military and government adds up to 80 (61 + 20 years service) you can get retirement benefits.
Heck you can join the military at 18 and retire at 38.
By the way, my wife was unemployed for a year too while I was building a struggling service business. I have 3 kids and a mortgage and 2 car payments. You persevere with faith toward God. He will sustain you and bring you the job you need. What other people are doing has no bearing on that.
I went into debt keeping things a float until things turned.
Rick Perry has asked for Congress to work and receive a govt. salary for 6 months out of 12 (go home and work a private sector job under the restrictions and taxes they’ve imposed on us).
Rick Perry said he’d take only 1/2 of the president’s salary (thought still working full time as president).
He's meeting everyone in Iowa, not just relying on debate performances to wow the masses.
His hard work will pay off.
I am frankly disgusted at the ability of so many Republicans to jump from one front runner to the next. Nikki Haley really made me sick with that endorsement because it is clearly political.
Do you know how I know Perry will win? Because CW, and you know as well as anyone the fire that the "Perrywinkles" have fought on FR alone from before Perry even announced and everyone was hoping Palin was going to run.
We have fought and each candidate has fallen by the wayside. Newt is the latest and he will fall too and in the end, when the smoke clears, Perry and Romney will be face to face.
What will be interesting is what politician will see the handwriting and endorse Perry in order to seem like a king maker. As far as I am concerned Bobby Jindal and a couple other deserve big praise for sticking with their convictions.
It's unlikely any of us in the "Private" sector would have that opportunity. Employees who retire under their company sponsored Defined Benefit pension plans are not rehired by the same company. That's double dipping - employee salary + employee pension.
The only exception to that rule is when the employee is hired as a temporary private consultant or contractor.
We have a new Macomb County Executive (new position) who is doing the exact same thing. For years he served as a Macomb County sherrif officer, then was elected as the chief Macomb County Sherriff.
While county sheriff last year he ran for and was elected the Executive Comm position. He immediately retired from his sheriff's job, collected $376,000 lump sum payment (from the county) and started receiving his $74,000 retirement pension (from the county) along with his $139,000 salary as Exec. Comm (from the county).........
Again, no where in the private sector would this be allowed to happen......
It doesn’t really matter where I live; this kind of thing is happening all over the United States.
When someone who works in the public sector is making hundredc of thousands more than a civilian, it is bound to bankrupt governments. The tax burden will expand beyond the ability of the civilian sector to pay for it.
That is happening right now, all around the nation.
People get contractual golden parachutes in the private sector all the time..
I am not a Perry supporter, but I don’t blame Perry for this, I blame the system which allows it.
No one should be getting any money meant for retirement when they are still young and working (unless there is some sort of fixed limit on how long they will recieve it)
The elephant in the room on all these issues is that blacks are masssively over represented when it comes to govenment jobs.
This is just back door reparations if you ask me.
What a ridiculous comment!
Who are you to say who should retire at what age?
We have no way of knowing if Sarah would’ve done differently or not. This is an unfounded assumption on your part. And, no, I don’t think it is a big deal. Maybe it is to those who are jealous.
He has served his country, and is still serving. I don’t begrudge him anything he has earned. This article and others harping on it is just more class warfare, and even from some here on FR.
30 MINUTE Presidential Candidate [Perry] Holds Agriculture Conference Call [no subsidies on ethanol, or gas or oil or wind-- CUT regulations and let the free market decide -- if states want to invest in local business, go for it but don't have the federal government involved.]
Back in Texas Perry angered the medical association with a VETO and they supported his rival NOW THEY SUPPORT PERRY because they can see now how he was helping them and they couldn't see it.
Betting on Rick Perry - a winner in a GOP year, with no need in the world to win liberal approval ..IT WILL BE THE JOBS ISSUEand Texass record in creating themthat will define Rick Perrys presidential run. Since he became governor in 2001, the U.S. as a whole has had a net loss of private-sector jobs, while Texaswhich has only 8 percent of the nations populationhas had a net gain of 825,000 jobs.......
If there is on issue which Perry has made a personal crusade, it is lawsuit reform. Working with the legislature, he has helped pass curbs on frivolous lawsuits, implemented a first-in-the-nation system under which loser pays all court costs in many lawsuits, and reformed medical malpractice law.
Dick Weekley, the co-founder of Texans for Lawsuit Reform, says Perry showed genuine political courage in resisting calls for watered-down reforms that wouldnt have addressed the core problem. He recalls that in 2002 Perry vetoed a bill strongly supported by doctors that would have required them to prompt payment from health maintenance organizations.
In the eyes of the tort reform advocates, the bill was a Trojan Horse compromise negotiated between doctors and trial lawyers. There was a huge response from physicians [against the veto], Kim Ross, the former top lobbyist for the Texas Medical Association, said.
TMA went so far as to endorse Tony Sanchez, Perrys millionaire Democratic opponent in the 2002 election. Perry sent a signal that he wanted real reform and would stand his ground, Weekley told me. Soon the medical lobbyists playing footsie with the trial lawyers were gone and the obstacles to real reform started falling. ..
AND now the TMA is endorsing Gov. Rick Perry. They understand now what he was doing would HELP them.
...."The Texas Medical Associations political action committee recently endorsed him for president, and its members are helping him raise money and make connections with medical groups in other states.".... source
A letter describing one Texans experience with these reforms: I live under the light hand of the Texas systema hand that Governor Perry has done everything in his power to make lighter. . Texas Gov Rick Perry Is The Only Right Choice For The 2012 GOP Nomination
Rick Perry: "I will work to make D.C. as inconsequential in your lives as possible."
Ask yourself this question - is your problem Rick’s fault? No, it isn’t. Hopefully, we can get rid of the POS now residing in the WH and get a president who will unleash the private sector to create jobs.
Who says a person can’t retire before age 65? It’s apparent you don’t know the laws very well. While your case is sad, it isn’t Rick Perry’s fault. He has paid his dues.
My take on it?
Governor Perry earned it, he is entitled to it.
Contrasted with the Pretenda from Kenya, whose life is now lavished with excessive vacations, golf courses, dinners (not to mention the largesse the First Wookie is marinading in), the difference is that 0bama-lama-ding-dong hasn’t earned ANY of it, he’s a slacker and a parasite.
If Governor Perry ends up taking on the job of the ‘Orkin Man’ to fumigate the White House, I’ll be on board.
I got a solution for you SD:
Run for office. Sounds like you already have a platform to run on.
He has paid in for 25 years. And has 30 years of Government service if you include his 5 years in the Air Force.
It DOES matter where you live.
His pension is a state pension. The state of Texas.
Texas is not broke like many other states.
per Will Franklins daily Perry Almanac:
Texas added 20,800 jobs in Nov that brought the total to 226,000 jobs. Private Sector added 22,700 jobs last month and 289,900 in the past year.
Texas has experienced 19 consecutive months of positive job growth.
And, unlike the national labor force, which is shrinking as people give up and drop out (which ultimately makes the national unemployment rate look better than it actually is), Texas continued to grow its labor force. Even the manufacturing sector added 3,900 jobs last month, bringing the total to 25,200 for the year.
Texas has a projected $1.6 Billion surplus.
In my opinion, he should be paid 3x what he is making because he has earned it.
There are Mayors and City Councilmen here in Texas that make more than the Governor.
And as was pointed out in a post above, Perry has proposed that he would try to get Congress + Staff Salary cut in half. He said as President, he would take a 50% cut in pay.
He has even mentioned as you that Fed government jobs should not be more than the same private sector jobs.
You have a point but blaming it on Perry is out of line.
Agreed. This became an issue in Wisconsin where teachers and superintendents were double dipping and illegally arranging their succession to their own job. It is a big time cost a.d a political issue especially when government os no longer affordable.