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Old 09-14-2016, 05:52 PM
 
Location: Arizona
6,137 posts, read 3,882,595 times
Reputation: 4905

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I should have said "why do wealthy states with high taxes owe retirees so much in pensions"

State pension funds are awash in red ink: Here's your share

I saw this article on per-capita pension liabilities.

What, I thought was interesting is that rich states like New Jersey, Connecticut and Illinois have so many state pension liability issues.

New Jersey which has pension liability per-capita $10,600, Illinois $9,000 per-capita and Connecticut $7,600

While, South Dakota which is a cold state in middle of the plains has a pension surplus.

In fact, many of those fly-over states like Nebraska, Wisconsin, Iowa all have pension liabilities of less then $500 per person.

What is odd, is that taxes in the Northeast are high already. South Dakota has some of the lowest taxes in the country.
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Old 09-14-2016, 05:58 PM
 
14,221 posts, read 6,992,971 times
Reputation: 6059
Low wages and retirement security in the plains states is one explanation. In South Dakota, a police officer earns less than half of what a police officer does in some other states. In Wisconsin, firefighters earn close to starvation wages of $28 000 a year on average.
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Old 09-14-2016, 06:23 PM
 
Location: Long Island
32,832 posts, read 19,549,473 times
Reputation: 9633
Quote:
Originally Posted by PCALMike View Post
Low wages and retirement security in the plains states is one explanation. In South Dakota, a police officer earns less than half of what a police officer does in some other states. In Wisconsin, firefighters earn close to starvation wages of $28 000 a year on average.
where do you get that number from???

Fire Fighter's Annual Base Salary


Job Title Salary Location Date Updated

Fire Fighter $42,499 Appleton,WI August 29, 2016
Fire Fighter $39,151 Eau Claire,WI August 29, 2016
Fire Fighter $41,898 Green Bay,WI August 29, 2016
Fire Fighter $44,521 Janesville,WI August 29, 2016
Fire Fighter $41,928 Kenosha,WI August 29, 2016
Fire Fighter $37,631 La Crosse,WI August 29, 2016
Fire Fighter $41,210 Madison,WI August 29, 2016
Fire Fighter $41,560 Milwaukee,WI August 29, 2016
Fire Fighter $42,499 Oshkosh,WI August 29, 2016
Fire Fighter $41,928 Racine,WI August 29, 2016
Fire Fighter $41,560 Waukesha,WI August 29, 2016

Fire Fighter Salaries in Wisconsin and by education, experience, Location and more - Salary.com



NATIONALLY The median annual Fire Fighter salary is $44,293, as of August 29, 2016, with a range usually between $33,221-$55,367
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Old 09-14-2016, 06:25 PM
 
Location: NJ
23,642 posts, read 17,325,826 times
Reputation: 17696
same democrats who didn't read obamacare legislation 'negotiated' with the unions and gave away the public vault for the cost of votes. they live in a world of theory and theorized a pyramid scheme is has now collapsed
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Old 09-14-2016, 06:27 PM
 
14,221 posts, read 6,992,971 times
Reputation: 6059
Quote:
Originally Posted by workingclasshero View Post
where do you get that number from???[/url]
In 2014, the median wage for firefighters in Wisconsin was $26 000

Firefighter salary state map - Business Insider

Considering how hungry firefighters get, they are almost starving to death in states like Wisconsin.
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Old 09-14-2016, 07:38 PM
 
32,029 posts, read 27,231,923 times
Reputation: 24959
Quote:
Originally Posted by lovecrowds View Post
I should have said "why do wealthy states with high taxes owe retirees so much in pensions"

State pension funds are awash in red ink: Here's your share

I saw this article on per-capita pension liabilities.

What, I thought was interesting is that rich states like New Jersey, Connecticut and Illinois have so many state pension liability issues.

New Jersey which has pension liability per-capita $10,600, Illinois $9,000 per-capita and Connecticut $7,600

While, South Dakota which is a cold state in middle of the plains has a pension surplus.

In fact, many of those fly-over states like Nebraska, Wisconsin, Iowa all have pension liabilities of less then $500 per person.

What is odd, is that taxes in the Northeast are high already. South Dakota has some of the lowest taxes in the country.
Quite simple explanation really; (overwhelmingly) Democratic controlled states make or made large promises to various municipal unions in exchange for "support". Those promises often included generous pension and or wage packages. Because such things are often kicked down the road (pension benefits) those who made such promises are often either out of office or dead when the bills come due. Detroit, MI and Stockton, CA are two glaring examples.


These states *know* they have problems, but they also are caught between a rock and hard place. Average residents are getting fed up with paying ever increasing taxes to fund such "lavish" pensions, especially when they themselves usually do not have. OTOH the last thing any local politician wants to do in such states is anger the unions. Governors like Scott Walker are in states that thus far seem oblivious to all this, however that is not the case for say New York or New Jersey.
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Old 09-14-2016, 07:49 PM
 
Location: somewhere in the woods
16,880 posts, read 15,233,189 times
Reputation: 5240
Quote:
Originally Posted by PCALMike View Post
Low wages and retirement security in the plains states is one explanation. In South Dakota, a police officer earns less than half of what a police officer does in some other states. In Wisconsin, firefighters earn close to starvation wages of $28 000 a year on average.



except that most firefighters I know of in Wisconsin that do get paid, do it on their own time and only get paid when they respond to a fire. they answer the call of a county wide siren when fire fighters are needed for a fire. so your 28k a year point is quite moot.
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Old 09-14-2016, 08:19 PM
 
Location: Flippin AR
5,513 posts, read 5,252,968 times
Reputation: 6243
States that you call "rich" are likely to be hotbeds of government taxation, spending, and cooking the books to make the financial situation much worse than it appears to be. Liberals love to continually increase the benefits of government employees--particularly benefits that don't hit this year's bottom line--thus giving more power/money to government and setting the stage for future inevitable confiscation of citizens' incomes.

The explosion of government pension obligations is a result of allowing government employees to form unions--a perversion of the very idea of the union, since there is no negotiation between the partners in a venture as to an equitable split of the profits of the venture. Instead, we have government employee unions "negotiating" with government officials, both of which benefit from maximizing government employee wages and compensation, and neither of which care about the final bill that the taxpayers get stuck with (which having no actual say in). Worse, government unions pay off the government officials with campaign contributions, thus making sure both government groups benefit from more wealth and no fiscal sanity can emerge.
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Old 09-14-2016, 09:20 PM
 
3,348 posts, read 1,976,874 times
Reputation: 3383
Those who work for government should not live better than those who don't.
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Old 09-15-2016, 05:44 AM
 
Location: the very edge of the continent
89,361 posts, read 45,091,355 times
Reputation: 13812
Quote:
Originally Posted by workingclasshero View Post
where do you get that number from???

Fire Fighter's Annual Base Salary


Job Title Salary Location Date Updated

Fire Fighter $42,499 Appleton,WI August 29, 2016
Fire Fighter $39,151 Eau Claire,WI August 29, 2016
Fire Fighter $41,898 Green Bay,WI August 29, 2016
Fire Fighter $44,521 Janesville,WI August 29, 2016
Fire Fighter $41,928 Kenosha,WI August 29, 2016
Fire Fighter $37,631 La Crosse,WI August 29, 2016
Fire Fighter $41,210 Madison,WI August 29, 2016
Fire Fighter $41,560 Milwaukee,WI August 29, 2016
Fire Fighter $42,499 Oshkosh,WI August 29, 2016
Fire Fighter $41,928 Racine,WI August 29, 2016
Fire Fighter $41,560 Waukesha,WI August 29, 2016

Fire Fighter Salaries in Wisconsin and by education, experience, Location and more - Salary.com



NATIONALLY The median annual Fire Fighter salary is $44,293, as of August 29, 2016, with a range usually between $33,221-$55,367
You're responding to someone who deliberately posts false info, time after time. I suspect he's a paid propagandizer.
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