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Not picking on this lady but there's 1,000s just like her and with people moving away it's just going to make it tough for the poor saps that can't leave, to pay for it.
I know, but I removed her name, anyway. It doesn't matter who she is.
City pension problem will probably be solved by moving city/town retirees to the new healthcare exchanges. Other cities are already doing this and RI already has one of the best exchanges in the country set to go for Oct 1.
Of course, the pension costs footodors cites are projected over a lengthy period of time. The original post made it sound like they were actually earning millions per year. The average pensioner in this states gets abut 25K a year. Certainly nothing to complain about, but they should probably have some supplemental income!
And (as usual) sandsonik nails it. Don;t blame the pensioners that the state got a raw deal because the kitty was underfunded by politicians. (Who supposedly represent Labor.)
Has RI done anything about the double-dipper problem that had been going on in the past (a very common and huge part of the out of control costs)?
MA cities have also tried to push the state health exchange on teachers, etc. (a no brainer) but has often been met with huge resistance from the unions. Don't they have anything else to worry about, like saving teaching jobs for example?
I don't understand all the estimated amounts though. Either they know, or they don't know and they should just shut up and get the facts.
Well, that's a bit hard to do unless they can predict when people will kick the bucket. Of course they'll only have estimates because they take average life expectancy numbers. But I guess I'm stating the obvious. I do believe though that the early retirement age is an issue because the math doesn't add up. The retirement fund's investments can't be able sustain payments to somebody who paid in for thirty years and then expects to collect for twenty-five. However, that's not really the fault of the retirees.
Last edited by GermanSpy; 09-22-2013 at 01:26 PM..
There are plenty of "retirees" and "disabled" on state pensions living the good life all over sunny FL. Collecting RI pensions, and working there as FL state employees, looking forward to that 2nd gravy train. A few in my condo complex down there have bumper stickers: "I Love Cranston". And, well they should!
Laughing all the way to the bank while driving new cars that are driving RI to the brink. Keep on working boys, the double dippers love 'ya.
There are plenty of "retirees" and "disabled" on state pensions living the good life all over sunny FL. Collecting RI pensions, and working there as FL state employees, looking forward to that 2nd gravy train. A few in my condo complex down there have bumper stickers: "I Love Cranston". And, well they should!
Laughing all the way to the bank while driving new cars that are driving RI to the brink. Keep on working boys, the double dippers love 'ya.
I was more talking about the firefighters also on the DPW payroll (collecting 2 RI pensions simultaneously). Of course the other kind exists as well, and last I'm aware both were legal (in RI).
Well, that's a bit hard to do unless they can predict when people will kick the bucket. Of course they'll only have estimates because they take average life expectancy numbers. But I guess I'm stating the obvious. I do believe though that the early retirement age is an issue because the math doesn't add up. The retirement fund's investments can't be able sustain payments to somebody who paid in for thirty years and then expects to collect for twenty-five. However, that's not really the fault of the retirees.
No, look again - they were estimating PAST payments as well. Obviously, those shouldn't be estimates, those should be factual. That made me wary of the credibility of their numbers.
There are plenty of "retirees" and "disabled" on state pensions living the good life all over sunny FL. Collecting RI pensions, and working there as FL state employees, looking forward to that 2nd gravy train. A few in my condo complex down there have bumper stickers: "I Love Cranston". And, well they should!
Laughing all the way to the bank while driving new cars that are driving RI to the brink. Keep on working boys, the double dippers love 'ya.
I have a big problem with the disability fakers, but why should I be bothered that people retire and move to Florida? Or take a new job after that? What's the problem there?
I have a big problem with the disability fakers, but why should I be bothered that people retire and move to Florida? Or take a new job after that? What's the problem there?
I agree. After working for 10, 20 or 30 years, shouldn't you be able to retire where you like? And, if you want to still work rather than play golf or sit under a palm tree, shouldn't you be able to? I don't see the dishonesty; equating it with faking a disability which is clearly wrong.
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