Yujiih wrote:
At the time the policies were instituted. Damn, you're slow on the uptake.
What a cute and lovely troll. I think I will stop and pet his ugly and stupid a$$.
No one named Clell Bush has ever been Mayor of Miami Beach.
Ok, now go home.
Yujiih wrote:
At the time the policies were instituted. Damn, you're slow on the uptake.
What a cute and lovely troll. I think I will stop and pet his ugly and stupid a$$.
No one named Clell Bush has ever been Mayor of Miami Beach.
Ok, now go home.
commas are free wrote:
Southern one wrote:It's not OK to pay out hundreds of millions to corrupt CEOs, or not to tax them, and you complain about someone busting their ass all their lives and getting $182K? Can you even do simple math?? You appear to be someone who views consciousness as that empty space between naps.
Many of you have missed the point, including the man above. She did not "bust her ass all (her) life". She was working a call center job that paid $60,000 a year. She wanted to retire and figured out a way to maximize her retirement by working an EXTRA 50 hours a week for TWO YEARS. Adding up to a probable 90 hours a week.
You see, some retirements are figured on what is called final average compensation (or FAC), the average of the last (usually three) years of your income.
Through COLAs she is now making OVER three times what the job paid for a normal workweek. I know that their are a LOT of people who make over 1.5M a year (and still have time to peruse Letsrun on Sunday night before they park their yacht for the evening) but not all of us do.
Nobody is upset that she IS making $182000 or that she was making $60000, they are upset that THE PUBLIC is paying somebody who may live 30 years in retirement $180k when that retirement should be closer to $40k per year.
I know it is hard for you to understand when you tip your waiter $2,000 each Sunday at the Club, and pay your caddy a Christmas bonus of $40,000 each year ... but we actually get what is going on here and it shouldn't be.
$182,000 for life is close to what the PRESIDENT gets as a retirement perpetuity. I know it seems crazy to you guys that make so much more than the president, but there are some of us out there.
/Thread.
This should have nothing to do with political leanings - the woman clearly gamed the system, but she gamed it completely legally. Neither Democrats nor Republicans would endorse this sort of arrangement. It's nobody's fault, it's just an unintended consequence of a poorly structured pension agreement.
It needs to be fixed. No one should agree with lax pension agreements that, unfortunately, plague thousands of municipalities around the country (in both red AND blue areas). It's fiscally irresponsible and we need to do our best to correct the mistakes lest we have serious trouble in the future.
Many of us would take advantage of the same arrangement, so don't villanize this woman. She played by the rules. The problem is that the rules were flawed. Let's change the rules to make them more fair for both the taxpayers and the pensioners.
just following incentives wrote:
When I was an undergrad, I took a class in corporate and managerial economics. A third or so of our time in class was spent talking about incentive packages. We'd talk about what strategy an employee would be expected to utilize under a given incentive package and we'd talk about how the incentives could be structured to ensure that the employee's best option was to do what was in the best interest of the employer.
If you had walked into that classroom and described this incentive package to the room full of undergrad econ majors, it would have taken about 30 seconds for the entire class to unanimously conclude that a rational person would try to work a whole lot of overtime in their last few years on the job to maximize their retirement pay. There's nothing remotely surprising about this outcome. She was told "we'll literally pay you millions of dollars to work a lot of overtime for three years" and so she did it. It could have been predicted by undergrad econ students and it could have been predicted by whoever designed the incentive package.
A good post.
This 'incentive system' is almost exactly the way it works in New York state - at least in Ithaca - for cops. I remember talking to a 35 year old cop a few year ago and he told me he was about to retire and do exactly what this lady did.
Did I fault him? Not really. I'd like to think I wouldn't do the same thing but the morons who set this system up are too blame.
The whole concept of a never-ending pension that is funded at the time it's set up is bound to basically bankrupt any entitry whether it's a car company or state govt.
Rocky Mountain Hi wrote:
Many of us would take advantage of the same arrangement, so don't villanize this woman. She played by the rules. The problem is that the rules were flawed. Let's change the rules to make them more fair for both the taxpayers and the pensioners.
This is exactly it. She did NOTHING wrong. As others have said, don't hate the player, hate the game.
Beaver Retriever wrote:
No one named Clell Bush has ever been Mayor of Miami Beach.
Incorrect. Do your homework before posting so you don't look as stupid as you have on this thread.
The city was also idiotic for letting her work 50 hours of overtime instead of hiring a second operator.
I'm under 30 and work for the state. I keep telling my co-workers "don't expect a pension when you retire". Everything is going to shift to a 401k/403b within the decade. States/cities/companies can't afford to bet on how long we're going to live once we retire in 30-40 years.
I guess one could say the same thing about Social Security. I'm not counting on that to be there for me when I retire either. It's a 'money in - money out' system.
On a completely unrelated note, put EVERYONE in the US on food stamps, but limit the type of food it can buy to fresh fruits, vegetables, dairy, baking supplies and whole grain bread.
Yijiih wrote:
Incorrect. Do your homework before posting so you don't look as stupid as you have on this thread.
Ok, I guess. Fucking Bushes!
rojo wrote:
The whole concept of a never-ending pension that is funded at the time it's set up is bound to basically bankrupt any entitry whether it's a car company or state govt.
Damn, rojo, you just say some stupid shit sometimes (i.e. usually). Forget the fact that there's no such word as "entitry". How about your complete lack of knowledge regarding basic economics. How many state governments can you name that have gone bankrupt because of their PDB plans? That's what I thought. Car companies? Same. Get a clue.
toodarnloud1998 wrote:
On a completely unrelated note, put EVERYONE in the US on food stamps, but limit the type of food it can buy to fresh fruits, vegetables, dairy, baking supplies and whole grain bread.
Oh my God please don't ever even type that again! That makes me shiver just thinking about it.
Beaver Retriever wrote:
Yijiih wrote:Incorrect. Do your homework before posting so you don't look as stupid as you have on this thread.
Ok, I guess. Fucking Bushes!
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Haha nice hijack.
Before Dermer in 2002 the previous mayors Niesen Kasdin, Deymour Gelbour and Alex Daude....dating back to 1985. So do the math genius, if she was a 25 year employee.
What is your research??
I have none. I am a douchebag.
lllll wrote:
Then change the rules. This has nothing to do with "shitlibs", as you so eloquently put it.
Nice idea, but the Unions have lobbied to have the laws changed to that it is not possible to change the rules. Unless you do what Scott Walker and a few other have tried.
Wrong. I'm the real douchebag with no research.
I'm just a troll, just a lonely old troll.....