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http://www.pionline.com/apps/pbcs.dl.../REG/941605495
A number of heavyweight public funds — including the $245.4 billion California Public Employees’ Retirement System and the $169.2 billion California State Teachers’ Retirement System, both in Sacramento; the $110 billion New York City Employees Retirement Systems; and the $50.4 billion Massachusetts Pension Reserves Investment Management Board, Boston — have been at the forefront of that growth
Do state budgets have that much money for economic development. Wanna pull that out of your state economy.
In my state (Mass), state workers pay into the system but they also are guaranteed a retirement pay equal to 80% of the 2 highest salaried years of their career, Tax free! Additionally, even though the state pension system is a fund that invests in the stock market, this pay is immune to the ups and downs of the market. If the pension system goes bust, the taxpayer pays the pension.
They are also guaranteed health coverage until they die.
pensions are not tax free....it may be STATEtax free...but it is taxed federaly
a good example here would be the NYPD.....do 20 years and get a 50% pension...that is taxed by the federal government........get out on disability though...and its totally tax free....I knew a female that was on the force for only 5 years, got into a car wreck, got 3/4 disability....for the rest of her life....and she is capable of working.......
http://www.pionline.com/apps/pbcs.dl.../REG/941605495
A number of heavyweight public funds — including the $245.4 billion California Public Employees’ Retirement System and the $169.2 billion California State Teachers’ Retirement System, both in Sacramento; the $110 billion New York City Employees Retirement Systems; and the $50.4 billion Massachusetts Pension Reserves Investment Management Board, Boston — have been at the forefront of that growth
Do state budgets have that much money for economic development. Wanna pull that out of your state economy.
did i suggest that i wanted them to pull anything out of the economy?
i agree with you, some of these funds have huge reserves, but that only presents half the picture because it's one thing for a pension to have $245 billion in assets, but it doesn't look that good if you then find out it has $300billion in liabilities
take calpers they lost $24.9 billion in the recent market downturn. If the market stays down then taxpayers will be required to make up the shortfall so that state retirees can get their money. then our taxes will go up. California, other states face problem of growing pension liabilities - Los Angeles Times
pensions are not tax free....it may be STATEtax free...but it is taxed federaly
a good example here would be the NYPD.....do 20 years and get a 50% pension...that is taxed by the federal government........get out on disability though...and its totally tax free....I knew a female that was on the force for only 5 years, got into a car wreck, got 3/4 disability....for the rest of her life....and she is capable of working.......
Local pensions are another ball game. They have much smaller pools and often don't have the investment portfolio's to back up their benefits. The examples you give are what makes them so problematic. They are not based on 30 plus year careers. State pensions are fairly easy to fix if state legislatures can muster up the political will. Full eligibility should be 35 years and or age 62. You can up the employee contribution a little also.
the last ones i wanna call when i'm in trouble and the only ones i'm forced to pay!
the ones that incessantly call the cops are the same ones that file complaints. detroit or bagdad makes no difference.plead for help -then bite them. i love some of the posts, "cops are used to being called names it doesnt affect them like other people" LOL. then when you are old and used up, they dont wana pay you.
the ones that incessantly call the cops are the same ones that file complaints. detroit or bagdad makes no difference.plead for help -then bite them. i love some of the posts, "cops are used to being called names it doesnt affect them like other people" LOL. then when you are old and used up, they dont wana pay you.
listen huckleberry, that teary-eyed line might work on twelve year olds but not me. most occupations fulfill a social function. some people bring you the food you eat, others the medical care you need, others teach you, some build your shelter, other repair your car, some bring you that fuel. most people go in day in and day out, break their balls to bring home a buck. i don't see why you believe that some deserve special treatment!
listen huckleberry, that teary-eyed line might work on twelve year olds but not me. most occupations fulfill a social function. some people bring you the food you eat, others the medical care you need, others teach you, some build your shelter, other repair your car, some bring you that fuel. most people go in day in and day out, break their balls to bring home a buck. i don't see why you believe that some deserve special treatment!
wow rugged individualism w/o mercy, read your profile. blank but strong adamate opinion stated of rugged individualism. you are utterly self reliant and have never used any of the services mentioned?? so you would of course never need them?? and see them as utterly unnecessary??. wow i have not been that confident and sure of myself since i was 15. how old are you?
wow rugged individualism w/o mercy, read your profile. blank but strong adamate opinion stated of rugged individualism. you are utterly self reliant and have never used any of the services mentioned?? so you would of course never need them?? and see them as utterly unnecessary??. wow i have not been that confident and sure of myself since i was 15. how old are you?
thanks bud, but what i use i pay for. period. i'm not a big fan of paying for a service someone in my fathers generation provided, especially when they got to retire at the back breaking age of 50 while i'll probably have to work until 70(if i make it) and my kids will never understand the concept of retirement
Librarians generally have to hold MASTERS degrees.
It's not like working at a bookstore.
(Obviously you should have spent more time in the library.)
please excuse my ignorance, but why do librarians need to hold a masters? not being facetious just want to understand what their job entails which would require 5 years+ study?
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