Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If you go tyo the seethrough NY site you will see that Rahner had close to the highest total compensation for 2010 at $281,000. The article below is from 2009.
"The flood of new voters in last year's presidential balloting put a half dozen Suffolk elections workers in the county's top 10 overtime earners - including the highest, who made $76,434 in overtime, more than doubling his annual pay to $151,954.
That biggest overtime earner was elections form processor Keith Tuthill, whose annual salary is $74,424. Second was correction officer Glen Rahner, who made $75,653 in overtime, above his $70,768 annual salary plus $9,446 in other pay, totaling $155,913. "
For Tier 5 ERS members, you should not report overtime in excess of $15,000 (subject to a 3 percent annual inflation factor) to the Retirement System or deduct retirement contributions from these payments. You should continue to report all overtime pay for PFRS Tier 5 members.
I guess they do have limits but still a $15,000 increase to the pension calculation is significant, most would die for an increase that size over the life of the pension. Depending on your base that could easily be higher than 15%.
Stop attacking the middle class. We need to keep paying their exorbitant pensions so that our children may some day hope to land a job like they have, otherwise what is left of the middle class to dream of?
Note: The following response is satire of the argument made by some people on this site and elsewhere justifying high compensation for some public workers.
This thread won't be locked as long as EVERYONE follows the ToS. If you can discuss the topic without bashing other members and making rude insulting remarks then the thread will stay open.
Do not discuss other members or moderator actions as that is against the ToS.
-----------------------------------------------------------
Your math is off. I'm a retired teacher, Tier ll
My pension was figured on the FAS (final annual salary) of my 3 highest years. At 30 years, over age 55, you get 2%/year, or 60 % -- not your calculation. If you are under 30 years, you get less. If you are under 55, you lose 5%/year.
Maybe your salaries there are $150K on LI.
My husband and I both retired when we made about $70K (top of our salary ladder and there hasn't been a new contract since, so we'd still make only 2% more for each year teaching). Few people (other than administrators, special ed, or HS teachers doing summer school ) get "lots" of money above the salary. A "club advisor" or "coach" here might get $500-$1500/year.
Don't kid yourself; most teachers in the rest of the state make nothing near what the LI and NYC makes. plus, you need connections to get those jobs which bump the FAS up... at least here, anyway.
Tiers III, IV, and V make substantially less and also have to retire later. I do knot know of more than 5-6 Tier I ( pre - 6/30/1973) teachers still working.
No need to pad when you have 90 days vacation, more holidays than I can count on two hands, a fixed 7% annuity available to you (anyone on this board able to find a risk free investment paying 7% in their retirement plan?, Bueller?) - please NYC teachers make out like bandits.......don't forget tenure - impossible to get rid of old dinosaurs who teach outdated subjects and methodologies and are partly responsible for the poor product the schools turn out. If they were manufacturers, they'd be out of business eons ago.
Maybe NYC gets a fixed 7% annuity. Where do you get this from?
Now people should be more looking into their local school system. 50 - 75 percent of your taxes are for your school system. Why people blame ny and local government employees is beyond me when its your school system that makes up most of your taxes.
My school taxes are less than 30% of my town, county and school taxes. We do it differently in upstate.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
