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Old Yesterday, 06:06 PM
 
3,300 posts, read 1,567,792 times
Reputation: 3616

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Nothing new here.

We all know that those who have a few years left, bump up the OT, so.etimes while fishing, to get that fat pension check.

So not only do many feel entitled with the "I'm on the job nonsense" and park wherever they please, they fleece on the way out.

Sanitation,pd fd, co, etc. Anything with a pension.

Mta crack the lid open, but this is a giant can of worms that needs to be taken off the shelf.
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Old Yesterday, 06:33 PM
 
2,847 posts, read 3,769,681 times
Reputation: 3370
City workers need to move to a 401k plan. Something like a 3x match (ie: Worker puts in 5k over a year city chips in 15k) would still be uber generous yet would not cripple the city financially.
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Old Yesterday, 07:05 PM
 
Location: Staten Island, NY
8,730 posts, read 7,110,013 times
Reputation: 8232
Quote:
Originally Posted by kapikap View Post
We all know that those who have a few years left, bump up the OT, so.etimes while fishing, to get that fat pension check.
Yup, me, can't wait!

NYS will likely still get the benefit of my spending power after I jack this pension up to around $11,000 monthly before pulling the plug, but NYC definitely won't. I'm blowing this popsicle joint as soon as I can leave. You can have it.
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Old Yesterday, 08:03 PM
 
692 posts, read 589,805 times
Reputation: 1526
Quote:
Originally Posted by kapikap View Post
Nothing new here.

We all know that those who have a few years left, bump up the OT, so.etimes while fishing, to get that fat pension check.

So not only do many feel entitled with the "I'm on the job nonsense" and park wherever they please, they fleece on the way out.

Sanitation,pd fd, co, etc. Anything with a pension.

Mta crack the lid open, but this is a giant can of worms that needs to be taken off the shelf.
Anyone who works for the government or receives any government benefits that they didn’t pay for (people on welfare) should not be allowed to vote in any election and influence outcomes. The public is held hostage by people who vote to enrich themselves under the guise of bureaucracy and democracy.

Last edited by john620; Yesterday at 09:15 PM..
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Old Yesterday, 08:05 PM
 
Location: New York City
8,270 posts, read 6,290,429 times
Reputation: 6069
Quote:
Originally Posted by kapikap View Post
Nothing new here.

We all know that those who have a few years left, bump up the OT, so.etimes while fishing, to get that fat pension check.

So not only do many feel entitled with the "I'm on the job nonsense" and park wherever they please, they fleece on the way out.

Sanitation,pd fd, co, etc. Anything with a pension.

Mta crack the lid open, but this is a giant can of worms that needs to be taken off the shelf.
Is there an actual news event attached to this or are you strangely waxing poetic about a conservative viewpoint
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Old Yesterday, 08:22 PM
 
Location: Staten Island, NY
8,730 posts, read 7,110,013 times
Reputation: 8232
Quote:
Originally Posted by john620 View Post
Anyone who works for the government or receives any government benefits that they didnít pay for (social security and Medicare people pay into) should not be allowed to vote in any election and influence outcomes. The public is held hostage by people who vote to enrich themselves under the guise of bureaucracy and democracy.
I pay into my pension, social security and medical. What difference can you point to between that and what you just said regarding social security and medicare?
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Old Yesterday, 08:35 PM
 
20,785 posts, read 13,781,027 times
Reputation: 14445
Quote:
Originally Posted by kapikap View Post
Nothing new here.

We all know that those who have a few years left, bump up the OT, so.etimes while fishing, to get that fat pension check.

So not only do many feel entitled with the "I'm on the job nonsense" and park wherever they please, they fleece on the way out.

Sanitation,pd fd, co, etc. Anything with a pension.

Mta crack the lid open, but this is a giant can of worms that needs to be taken off the shelf.
First of all, does this post have a destination, or are we merely on an excursion?

Next only certain city/local and state civil servants qualify for OT padding as you call it; and even those numbers have been reduced. It really depends upon what tier you are hired under. Right now they're up to "Tier 6" which is vastly different than I,II, III from say fathers, grandfathers or even great-grandfathers time.

https://osc.state.ny.us/retire/emplo...s_benefits.php

Most of the guys/people you hear about bailing with "padded" pensions were hired 20 or more years ago, things have changed. Your average NYC office worker ain't pulling down $$$$ as a pension. In fact IIRC most barely crack $30k which is why many still are living in the projects or whatever in retirement. It's only the uniformed services, MTA and a few others (again subject to when they hired), that pull in big money.

Furthermore have been hearing this sort of moaning for much of my adult life and it is getting boring. Tests were announced and open to everyone. Whole lot of people had better things to do out of HS or college and things didn't go as planned; now they're crying because someone else who put in their time is getting a taste.

Senior year of HS right through early years of college plenty of guys fathers, grandfathers, uncles or whatever made sure they took various civil service exams (FDNY, NYPD, DSNY, Court Officer, Port Authority, etc....), and or the guys just did it themselves. After that was done they just waited until called, and if they got in did what they had to do.

Fast forward twenty to thirty years later all the high flaunting guys who looked down on other guys who were "just" FDNY, or NYPD are finding out life can be harsh.

Plenty don't have pensions, got wiped out during the various recessions/fiscal/Wall Street meltdowns... Guys who worked for Lehman and plenty of other brokerages/trading places that no longer even exist are having to readjust how they are living currently, *and* retirement.
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Old Yesterday, 08:37 PM
 
20,785 posts, read 13,781,027 times
Reputation: 14445
Quote:
Originally Posted by john620 View Post
Anyone who works for the government or receives any government benefits that they didnít pay for (social security and Medicare people pay into) should not be allowed to vote in any election and influence outcomes. The public is held hostage by people who vote to enrich themselves under the guise of bureaucracy and democracy.
You know that virtually all employees, including most (but not all) federal and or local civil servants pay into SS/Medicare just like everyone else. You know that, don't cha?

In the case where various civil servants and or private employees (such as railroad and some federal, teachers, etc....), are exempt from paying FICA, it is because they are covered by another pension scheme that they *pay into*. So no, they don't collect SS/Medicare, but they are covered never the less.
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Old Yesterday, 08:40 PM
 
Location: New York City
8,270 posts, read 6,290,429 times
Reputation: 6069
Quote:
Originally Posted by BugsyPal View Post
You know that virtually all employees, including most (but not all) federal and or local civil servants pay into SS/Medicare just like everyone else. You know that, don't cha?

In the case where various civil servants and or private employees (such as railroad and some federal, teachers, etc....), are exempt from paying FICA, it is because they are covered by another pension scheme that they *pay into*. So no, they don't collect SS/Medicare, but they are covered never the less.
Public pensions should be made illegal and replaced by defined benefit retirement plans. It's crazy that thy make all these assumptions about investing the money and cities almost never hit those rosey numbers and taxpayers end up paying the shortfall
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Old Yesterday, 09:03 PM
 
3,300 posts, read 1,567,792 times
Reputation: 3616
Look, you here in the news,every year, of how someone just killing the ot, where hours worked showed no way they could have went home to sleep. For 52 weeks a year!

So top earners making 2to3 hundred odd dollars, retiring at $150,000 per year for life!

Not even going to get into the 3/4 disability racket.

The average Joe with a non city pension gets to retire, collect and work elsewhere if so desired.

But this trickery that has a long standing tradition ....
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