CA CHING, CA CHING, CA CHING! YEAH, IT MUST BE THAT TIME OF YEAR AGAIN! My Union Boss down at the Town Hall emailed me yesterday and.
Told me that this article was hitting the Papers today, and He told Me.
to make it Look like I was Working till this Blows Over in a week. I
know the routine! In a week, I'll be back to my usual activity of.
Collecting A Paycheck for Doing Nothing! Hey, Private Sector.
Workers; You really gotta Pony Up more Taxes! I need at least a 10 %.
raise! My Cabin Cruiser at the Dock behind my Vacation House in.
Florida needs a New Engine. My wife has been after me for a new car.
She wants a BMW X6 G-Power Typhoon S! I told her I can't afford that.
car. So then she says she will accept a Mercedes-Benz CL-Class and.
Nothing else! I also got Private School Tuition of $ 40,000.00 due.
in September. I got Credit Card Expenses coming out my AXX! That
new 3000 sq ft extension on my house raised my property taxes $ 15,000.
The maid and the housekeeper want raises. The gardener also wants a.
raise. You see Bunky; It ain't easy in the Public Sector! So come
on Private Sector Worker; Pony Up and Pay More Taxes so I can afford to.
live here! You See; Life Is Not Fair, and the DemoRats will take.
care of Everything! HAPPY DAYS ARE HERE AGAIN!
Quoting ... "The pension fund for state employees is significantly underfunded; by about as much as $172 million, according to a recent report by State Budget Solutions." No, the figures in the "State Budget Solutions" article are in $1,000s. Your $172 Million should be $172 Billion.
While the State's practice of minimal funding is certainly contributing the the growing unfunded liability, WAY too much emphasis is placed on "funding" and none on the ROOT CAUSE of the financial mess many cities and states are in today ....to much pension "generosity". You see, high funding requirements are CAUSED by too generous pension promises, not only in the generous "formulas" (e.g., 3%@50 for CA safety workers), but via the inclusion of pension "provisions" FAR more generous than those offered in Private Sector Plans .... COLA increases, very young (unreduced) full retirement ages, materially under-priced early retirement adjustment factors, absurdly easy-to-meet disability retirements, VERY liberal definitions of "pensionable compensation", routine end-of-career pay (and hence pension) "spiking". These very liberal provisions come with very high cost.
With EQUAL Public and Private Sector "Total Compensation" (cash pay plus pensions plus benefits) as the appropriate goal in comparable occupations (or, if not directly comparable, occupations with reasonably similar risks, skill sets, knowledge and educational requirements) and with Public/Private Sector "cash pay" now very close (per the US Gov't BLS), there is ZERO (yes ZERO) justification for ANY greater Public Sector pensions and/or benefits. let alone the current structure in which the taxpayer paid-for share of the total cost of CURRENT Public Sector pensions is always AT LEAST at least 2x greater in value at retirement than those of comparable private sector workers retiring at the SAME age, with the SAME years of service, and the SAME pay. And that 2x is MOST OFTEN 3x-4x for non-safety workers and 4x-6x for safety workers.
There are NO SOLUTIONS to this problem that do not include either:
(a) a hard freeze on all Public Sector Defined Benefit Plans for all CURRENT workers, replaced with a (401k-style) Defined Contribution Plan with a Taxpayer "match" comparable to what Private Sector workers typically get from their employers ... 3-5% of pay. THIS plus Social Security is what Private Sector workers typically get and THIS is what Public Sector workers should get. or
(b) if a hard freeze on CURRENT DB Plans is not possible (only AFTER trying every possible way to do so), then the pension accrual rate for future service of all CURRENT workers should be materially reduced by no less than 50% for non-safety workers, and by 66% for safety workers.
Think such changes are "draconian"? . Perhaps, but only from the reference point of the current grossly excessive Public Sector pensions, which should rightfully be called a financial "mugging" of the Taxpayers.
Please note that since I authored this commentary, there has been changes in the law re: federal recognition of same-sex relationships and the tax implications of such. LGBT couples who are married or who receive employer-provided health insurance for their significant other should consult with an attorney on tax issues or check with the IRS for its most recent advice.
To N.J. historic Sites in line for share of S10 Min state aid.
Thanks you do give the jclop prize award God bless you., you send the award prize jclop.account-award is $50,000 for planning and $750,000 for capital construction. ... 5 Wednesday, 06 M
Tit account Jesus christ's legion of peace ministry account no H.B.L- 22977000141303 Main Boulevard Gulbrg Lahore Pakistan
Email-jclopministry@gmail.com
Thansk pastar Robeecka maria.
To .N.j historic sites in eine for share S. 10min shat ate aind.
Thanks you to give me personal pieze God give the peace your country and God bless you. i love you.
You send the money my account-Account-Titl. Robeecka maria -H-B-A-Bnak -Div pubic School model town Lahore Pakistan .No. 12497000062301.
( http://www.mkmalls.com/ )
you can find many cheap and high stuff
Believe you will love it.
WE ACCEPT CREDIT CARD /WESTERN UNION PAYMENT
YOU MUST NOT MISS IT!!!
http://www.mkmalls.com/Michael-Kors-Handbags-n2447/
( http://www.mkmalls.com/ )
you can find many cheap and high stuff
Believe you will love it.
WE ACCEPT CREDIT CARD /WESTERN UNION PAYMENT
YOU MUST NOT MISS IT!!!
http://www.mkmalls.com/Michael-Kors-Handbags-n2447/
( http://www.mkmalls.com/ )
you can find many cheap and high stuff
Believe you will love it.
WE ACCEPT CREDIT CARD /WESTERN UNION PAYMENT
YOU MUST NOT MISS IT!!!
http://www.mkmalls.com/Michael-Kors-Handbags-n2447/
( http://www.mkmalls.com/ )
you can find many cheap and high stuff
Believe you will love it.
WE ACCEPT CREDIT CARD /WESTERN UNION PAYMENT
YOU MUST NOT MISS IT!!!
http://www.mkmalls.com/Michael-Kors-Handbags-n2447/
( http://www.mkmalls.com/ )
you can find many cheap and high stuff
Believe you will love it.
WE ACCEPT CREDIT CARD /WESTERN UNION PAYMENT
YOU MUST NOT MISS IT!!!
http://www.mkmalls.com/Michael-Kors-Handbags-n2447/
( http://www.mkmalls.com/ )
you can find many cheap and high stuff
Believe you will love it.
WE ACCEPT CREDIT CARD /WESTERN UNION PAYMENT
YOU MUST NOT MISS IT!!!
http://www.mkmalls.com/Michael-Kors-Handbags-n2447/
( http://www.mkmalls.com/ )
you can find many cheap and high stuff
Believe you will love it.
WE ACCEPT CREDIT CARD /WESTERN UNION PAYMENT
YOU MUST NOT MISS IT!!!
http://www.mkmalls.com/Michael-Kors-Handbags-n2447/
( http://www.mkmalls.com/ )
you can find many cheap and high stuff
Believe you will love it.
WE ACCEPT CREDIT CARD /WESTERN UNION PAYMENT
YOU MUST NOT MISS IT!!!
http://www.mkmalls.com/Michael-Kors-Handbags-n2447/
( http://www.mkmalls.com/ )
you can find many cheap and high stuff
Believe you will love it.
WE ACCEPT CREDIT CARD /WESTERN UNION PAYMENT
YOU MUST NOT MISS IT!!!
http://www.mkmalls.com/Michael-Kors-Handbags-n2447/
( http://www.mkmalls.com/ )
you can find many cheap and high stuff
Believe you will love it.
WE ACCEPT CREDIT CARD /WESTERN UNION PAYMENT
YOU MUST NOT MISS IT!!!
http://www.mkmalls.com/Michael-Kors-Handbags-n2447/
( http://www.mkmalls.com/ )
you can find many cheap and high stuff
Believe you will love it.
WE ACCEPT CREDIT CARD /WESTERN UNION PAYMENT
YOU MUST NOT MISS IT!!!
http://www.mkmalls.com/Michael-Kors-Handbags-n2447/
Told me that this article was hitting the Papers today, and He told Me.
to make it Look like I was Working till this Blows Over in a week. I
know the routine! In a week, I'll be back to my usual activity of.
Collecting A Paycheck for Doing Nothing! Hey, Private Sector.
Workers; You really gotta Pony Up more Taxes! I need at least a 10 %.
raise! My Cabin Cruiser at the Dock behind my Vacation House in.
Florida needs a New Engine. My wife has been after me for a new car.
She wants a BMW X6 G-Power Typhoon S! I told her I can't afford that.
car. So then she says she will accept a Mercedes-Benz CL-Class and.
Nothing else! I also got Private School Tuition of $ 40,000.00 due.
in September. I got Credit Card Expenses coming out my AXX! That
new 3000 sq ft extension on my house raised my property taxes $ 15,000.
The maid and the housekeeper want raises. The gardener also wants a.
raise. You see Bunky; It ain't easy in the Public Sector! So come
on Private Sector Worker; Pony Up and Pay More Taxes so I can afford to.
live here! You See; Life Is Not Fair, and the DemoRats will take.
care of Everything! HAPPY DAYS ARE HERE AGAIN!
While the State's practice of minimal funding is certainly contributing the the growing unfunded liability, WAY too much emphasis is placed on "funding" and none on the ROOT CAUSE of the financial mess many cities and states are in today ....to much pension "generosity". You see, high funding requirements are CAUSED by too generous pension promises, not only in the generous "formulas" (e.g., 3%@50 for CA safety workers), but via the inclusion of pension "provisions" FAR more generous than those offered in Private Sector Plans .... COLA increases, very young (unreduced) full retirement ages, materially under-priced early retirement adjustment factors, absurdly easy-to-meet disability retirements, VERY liberal definitions of "pensionable compensation", routine end-of-career pay (and hence pension) "spiking". These very liberal provisions come with very high cost.
With EQUAL Public and Private Sector "Total Compensation" (cash pay plus pensions plus benefits) as the appropriate goal in comparable occupations (or, if not directly comparable, occupations with reasonably similar risks, skill sets, knowledge and educational requirements) and with Public/Private Sector "cash pay" now very close (per the US Gov't BLS), there is ZERO (yes ZERO) justification for ANY greater Public Sector pensions and/or benefits. let alone the current structure in which the taxpayer paid-for share of the total cost of CURRENT Public Sector pensions is always AT LEAST at least 2x greater in value at retirement than those of comparable private sector workers retiring at the SAME age, with the SAME years of service, and the SAME pay. And that 2x is MOST OFTEN 3x-4x for non-safety workers and 4x-6x for safety workers.
There are NO SOLUTIONS to this problem that do not include either:
(a) a hard freeze on all Public Sector Defined Benefit Plans for all CURRENT workers, replaced with a (401k-style) Defined Contribution Plan with a Taxpayer "match" comparable to what Private Sector workers typically get from their employers ... 3-5% of pay. THIS plus Social Security is what Private Sector workers typically get and THIS is what Public Sector workers should get. or
(b) if a hard freeze on CURRENT DB Plans is not possible (only AFTER trying every possible way to do so), then the pension accrual rate for future service of all CURRENT workers should be materially reduced by no less than 50% for non-safety workers, and by 66% for safety workers.
Think such changes are "draconian"? . Perhaps, but only from the reference point of the current grossly excessive Public Sector pensions, which should rightfully be called a financial "mugging" of the Taxpayers.
http://www.gobuystyler.com
Wholesale or retail
WaTCHES | POLO TSHIRTS | TRUE RELIGION JEaNS | COaCH HaNDBaGS | UGG BOOTS SaLE | DISCOUNT
NFL JERSYES,NHL JERSEYS,NBA JERSEYS,MLB JERSEYS,NCAA JERSEYS,FOOTBALL JERSEYS,
Rolex Watches, Cheap Gucci Shoes,Wholesale, Buy Really Cheap Ed Hardy Clothing, Discount Chanel Handbags,cheap Christian Louboutin shoes For Sale, cheap Ugg Boots ON SaLE for women.
We accept webmoney,westernunion,moneygram,bank wire,credit card etc.
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
Wholesale or retail
WaTCHES | POLO TSHIRTS | TRUE RELIGION JEaNS | COaCH HaNDBaGS | UGG BOOTS SaLE | DISCOUNT
NFL JERSYES,NHL JERSEYS,NBA JERSEYS,MLB JERSEYS,NCAA JERSEYS,FOOTBALL JERSEYS,
Rolex Watches, Cheap Gucci Shoes,Wholesale, Buy Really Cheap Ed Hardy Clothing, Discount Chanel Handbags,cheap Christian Louboutin shoes For Sale, cheap Ugg Boots ON SaLE for women.
We accept webmoney,westernunion,moneygram,bank wire,credit card etc.
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
Wholesale or retail
WaTCHES | POLO TSHIRTS | TRUE RELIGION JEaNS | COaCH HaNDBaGS | UGG BOOTS SaLE | DISCOUNT
NFL JERSYES,NHL JERSEYS,NBA JERSEYS,MLB JERSEYS,NCAA JERSEYS,FOOTBALL JERSEYS,
Rolex Watches, Cheap Gucci Shoes,Wholesale, Buy Really Cheap Ed Hardy Clothing, Discount Chanel Handbags,cheap Christian Louboutin shoes For Sale, cheap Ugg Boots ON SaLE for women.
We accept webmoney,westernunion,moneygram,bank wire,credit card etc.
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
http://www.gobuystyler.com
Thanks you do give the jclop prize award God bless you., you send the award prize jclop.account-award is $50,000 for planning and $750,000 for capital construction. ... 5 Wednesday, 06 M
Tit account Jesus christ's legion of peace ministry account no H.B.L- 22977000141303 Main Boulevard Gulbrg Lahore Pakistan
Email-jclopministry@gmail.com
Thansk pastar Robeecka maria.
Thanks you to give me personal pieze God give the peace your country and God bless you. i love you.
You send the money my account-Account-Titl. Robeecka maria -H-B-A-Bnak -Div pubic School model town Lahore Pakistan .No. 12497000062301.
Thanks pastar Robeecka maria