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Names of $100,000 City Retiree Club
Ponzi, as I said, the folks you're seeing here from the FD are upper management. All have at least a Bachelor's, and several Masters. ==================== Entry level education is a GED. To Ponzi-FF's and Cops NEVER made the money they have the last 10 years. Back in the 80's they reitred at age 55-60 with 1.5% defined benefit for every year they worked, and were making about the same wage as a union tradesman worker made-such as concrete, dry waller, painter, construction and the other trades, which was around $35K back in the late 70's through the early 90's. Today FF's and cops are starting out at over $100K per year in full compensation, STARTING OUT. The entry level requirements are nothing more than a GED (and maybe EMT certification for SDFD). What is going on is a socialistc scam, a monopoly where the laws of supply and demand of a free market do not apply.— February 13, 2009 11:25 a.m.
Names of $100,000 City Retiree Club
One retired pre-MP1 as a Fire Captain and yet is listed at a rate much higher than a current Fire Captain makes. Why? Exactly as I've said. He was able to go way above the current 90% cap and retired at around 120%. ================================ Don't leave out the fact that this pre MP1 fire captain also worked to age 60 or later (33% LONGER than the 3%@50 scam) to get that pay, not age 50. Funny how JF always leaves out the material facts.— February 13, 2009 11:20 a.m.
San Diego City Employees pension fund ailing
Explicitly referring to "gold-plated, platinum-plated" public employee pensions and health care obligations, Jim Chanos says state and local finances are in a mess...watch for yourself. ======================= 12 minute video-he talks about "gold plated, platinum plated pensions" at the 8 minute mark.....LOL!— February 12, 2009 8:29 p.m.
San Diego City Employees pension fund ailing
Yes, but there's not. No private company has been able to make a profit with private fire protection. By JF =========================== So you admit that if there was competiton for FF protection the free market laws of supply and demand would force wages down-good, we are making progress JF. I have never seeen a private company given the chance to compete for a Fire Fighting/Protection contract. If it were open to competition then there can be little doubt that a well run FD could profit while paying FF's half of what they are paid by the SD/any muni today.— February 12, 2009 6:16 p.m.
Pension Deficit $2 Billion, Funded Ratio 66.3 Percent
Most City jobs are skilled or professional. =================== The highes paid jobs in any muni are the PD and FD, and those are not skilled or professional. The requirement for both are a HS diploma with no prior work experience. . . The other point I was making, and that I think is uncontroversial, is that chief administrators in the municipal world are qualified for jobs in the corporate world that pay much better. =================== No way. In ALL private sector managment positions there are profit and loss goals that need to be met, no public employee ever has to deal with that. I have never heard of a public sector manager getting hired in the private sector in a similar position unless it was though a personal connection. I do not beleive a public sector employee could earn more in the private sector. In fact I believe 90% would earn less, some (like PD and FD) much less.— February 12, 2009 6:11 p.m.
San Diego City Employees pension fund ailing
You're making the mistake of believing that education is the sole factor in determining worth to society. ================= JF- No one said education is the SOLE factor in worth to a JOB (not society). But is is the BIGGEST factor. If it wasn't there would be no need for colleges or graduate schools. What you fail to understand JF is your oversized pay and pension are due to socialist reasons-you're in a gov run monopoly. If there was competition from the private sector for FF duties your pay scale would drop 80-90%.— February 12, 2009 4:48 p.m.
For 2010, 2011, and 2012 seasons, San Diego Opera cuts back to four operas instead of the usual five
I always hated classical music until I got into middle school-7th and 8th grade- and I was in band. We played the classics, such as the Poet and Peasant Overture, William Tell Overture, Pictures at an Exhibition and Toccate and Fugue in D Minor. I hated them at first, but the more I played them the more they grew on me-especially the Poet and Peasant Overture. I love all 4 of those classical compositions. I also had Jazz Band before school started where we played old 30's and 40's style music, like "In the Mood" and songs from that era-and those too grew on me. I love "In the Mood", great tune!!! But you have to be exposed to thsi type of music-more than once- to appreciate it.— February 12, 2009 3:03 p.m.
While Everyone Lied
Wow, good read! Jose is a train wreck, and he just doesn't get it. Saw a documentary on him recently, Jose Canseco: Last Shot, pretty cool. He is just a train wreck though. How can someone burn through $45 million in less than 20 years?????— February 12, 2009 1:50 p.m.
Pension Deficit $2 Billion, Funded Ratio 66.3 Percent
What makes the corporate and Wall Street salaries so interesting is that these moguls always argued they were worth their $50 million annually ... ============================== Yes, the CEO's do say that! They are the only ones who say that, or the boards-but no one else is that's for sure. The notion that they are worth multi million dollar comp packages is absurd.— February 12, 2009 1:42 p.m.
San Diego City Employees pension fund ailing
I'd love to see McGrory in jail, but it's not going to happen. ================================== McDorky is the biggest factor-by far- for the upside down financial boat we are in. He should be in prison, for fraud. And to think that loser is pulling down free medical care for life and a huge San Diego city pension while he works for Sol Price-probably making a 6 figure income there too.— February 12, 2009 11:18 a.m.