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San Diego City Employees pension fund ailing
Actually the Vallejo agreement is tentative-it will be vote on tomorrow.— January 26, 2009 7:25 p.m.
San Diego City Employees pension fund ailing
Really? I won't get the retroactive increase for 20 years after they were implemented. ========================= 20 years is not 30 years, which is how long you said it was spread out: "when spread over a 30 year career". And there were hundreds, if not thousands that took the 50% pension increase immediatley-after days, weeks or months. I don't see why we are still sweating our positions. We are never going to come to a consensus. We need to roll back the pensions to the 1998 level-which was when the prison guards conned Grey Davis into tho 3%@50 pension scam, which then spread like wildfire to every PD and FD in CA.— January 26, 2009 2:53 p.m.
Gary Aguirre case,– embarrassment for SEC
Presently the SEC is a civil agency with no criminal authority. It desperately needs criminal authority. Many more Wall Streeters and their lawyers belong in prison ======================== Agree 100%^^. The problem is campaign money buys Washington, and until that is fixed there will always be huge problems like we are facing today (and faced at the end of the "roaring 20's").— January 26, 2009 11:04 a.m.
San Diego City Employees pension fund ailing
A ten percent increase is actually a lot. =============== Not when spread over a 30 year career. ************************** JF, the 10% increase was not spread out over 30 years-if it was we would not be BK. It was applied IMMEDIATLY and retroactively to everyone, incluidng the ones who retired the day after it was implemented-that is not spread out over 30 years. Second, don't forget the retirement age was lowered from 55 to 50, which is a drop of almost 10% in years (55x100x/55= 9.09%).— January 25, 2009 10:24 p.m.
San Diego City Employees pension fund ailing
You've been squawking about how retirement costs 100% of salary. ===================== That's not what I said JF. I said BENEFITS = 100% of salary. Pensions = 60% of salary. I stand by those numbers.— January 25, 2009 10:15 p.m.
San Diego City Employees pension fund ailing
OMG-check out this post I made LAST year!!!!!!! I was on the money it looks like. ================================== "I am telling you right now, if we have a stock market meltdown that will be it, the final straw that broke the camels back, There will be NO OTHER choice but bankruptcy, and not just us, but probably every gov municipality in this state." By JohnnyVegas 4:40 p.m., Feb 5, 2008 > Report it http://www.sandiegoreader.com/weblogs/financial-c…— January 25, 2009 8:55 p.m.
San Diego City Employees pension fund ailing
I dont know how the courts will rule, but if they rule that pension spiking is illegal it is going to go a long way to fixing the budget problems, not just here in San Diego, but all across the state and even the nation.— January 25, 2009 8:54 p.m.
San Diego City Employees pension fund ailing
Officials, including judges, will stall out ruling on anything. Best, Don Bauder By dbauder =================== And that is a crime. This issue should get expedited because of the serious impact it is having=especially now. Remember the 1994 earthquake.......all the freeways that fell apart?? They rebuilt ALL of them, thousands of miles, within 9 months because they worked 24/7/365 as did the muni's who checked off on the work, clearances and permits. Don't tell me the courts cannot do the same with these pension cases.— January 25, 2009 5:58 p.m.
San Diego City Employees pension fund ailing
Moorlach may have a case, but it's a self mitigating problem. I doubt he'll be able to take benefits from already retired folks. Here in SD, employees who are retiring right now have paid into the 3% at 50 system for 1/3 to 1/2 of their careers. ==================================== The courts will decide if the retroactive pension spiking is illegal or not-and they are not really taking away anything because they never earned the retroactive portion. JF, there were plenty of of cops and FF's that "retired" within 1 month of the pension spike. They did not pay anything into the system that jacked their pension by 50%. Anyone who gets a pension should have paid the required amounts over the entire period of employment-or minimum 30 years.— January 25, 2009 5:54 p.m.
Forsaking Friendships
Cool link, Fred, I wasn't familiar with that one, and I like Joan. ======================= Wait till you Joan in concert! She Rocks!— January 25, 2009 12:25 p.m.