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Wednesday, July 28, 2010

Public Pensions and the Ponzi Scheme Against Taxpayers | Commentary

12 comments:

Anonymous said...

IMPEACH OBAMA NOW!

Anonymous said...

Been telling y'all for years now maybe you will start to pay attention. This is why your taxes are so high. All due to the GREEDY UNIONS.

Anonymous said...

hey the Unions have nothing to do with Pensions.

Each Police Officer, fireman, Teacher has to do at least twenty years or thirty for top pension and the politicians only one day.

Pension change is coming so lets keep focused.

next time you need a Police Officer, ambulance call someone else for help.

Anonymous said...

10:59 Since you are so blinded by the GREEDY UNION hype perhaps I can ilucidate. Every time these public employee contracts are up, ie: the police and fire contracts, the GREEDY UNIONS step in and threaten to strike. Thy kick and fuss and cry until the cities give in to their GREEDY DEMANDS for more salaries. Now then, when the salaries go up because of the GREEDY UNIONS the basis for their pensions also goes up and their future pension payment along with it. That is why so many favorite cops and firemen like to work all the overtime they can be blest with, watching the likes of Fox Valley Center, or working the city music fests or car shows etc. Also if you remember the "early outs" of several years ago in the local school districts you will find that these people were credited for years not yet worked, all with the express idea of increasing their retiremnet time and income, all under the guise of saving the taxpayer money. Appearently your 25 or 30 year stint didn't allow you to absorb these facts. PS for your additional informantion and a little history the CHEESE HEADS to the north were the first to invite your GREEDY UNIONS into the fray and they do have something to do with pensions. Next time you need some pension advice please write before opening mouth. And I promise I won't call a cop.

Anonymous said...

Pensions is a part off all unions negotations. Then unions have gotten out of hand. In the beginning they were good. Not now, people are overpaid for doing less than nothing half the time. We need to do something abou the union racket. Get things back on the right track.

Anonymous said...

Everyone in society should get paid the same regardless of what they do. No one should have to be swayed by salary or benefits. Lets start spreading the wealth from those corporate executive types and focus on equality for everyone. Socialization is the only way to go people.

Anonymous said...

Amen 3:27!! Every job is important and should not be defined by the root of all evil: MONEY

Anonymous said...

I just hope the mayor isn't in any kind of trouble

Anonymous said...

You start with the Police and Fireman's unions then off on a binge over the schools giving extra time for nothing on their pensions.

Police, Fireman's pension are paid for by the Officer, You take 9 percent of your pay from day one and see what type of pension you have at the end of thirty years.

It is the politician and the appointment that we argue about.If the city of yorkville does do away the the lieutenant and Captain position that the Officer so selected retires at the rank of Sergeant.

Tom, are you listening we need a change in State Law. Under the existing law a sergeant with twenty or less years on could be appointed Commander and retired the next week at the higher pay rate.(or when ever he gets to twenty years).

Lets get the State together Tom, Chris,along with the Pension board of Yorkville, Aurora and any other board, say Oswego , Batavia and put together a package that the people can live with.

We need a change in State Law, and the answer does not lie with the Police or Fireman. We can talk about problems but the real answer lie with the underfunding and State Law.

Anonymous said...

If police and fire pensions are paid by the individuals then who pays their salaries to begin with...hint....the taxpayers.

Anonymous said...

May be we could institute a change in the law and require the person who retires at a higher rank to be in that position for at least five years before retirement...Otherwise he retires at his old rate. Problem solved of favoritism to selected individuals.

Anonymous said...

This blog is too bring out ideas and comments.

There are a lot of ways to overcome abuse and I would have said ten years instead of five but the majority rules and five it should be.

Take a person who retires as a command officer, ( Pension), then runs and is elected to government, (Pension I would cap the pension as to the highest not counting Military of Social security.

Tom/Chris the ball is now in your cornor lets get together with elected Psnsion members, (Pension boards), and lets change the rules before we allow any more such abuses.