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U-T To Get Plans for New Structure Feb. 13; Newsroom To Get New Plans Next Day
I just read KOGO is ending its NEWS presence in San Diego... Soon there won't anyone to watch the crooked politician in San Diego.....— February 8, 2008 6:52 p.m.
U-T To Get Plans for New Structure Feb. 13; Newsroom To Get New Plans Next Day
Don: Translation?— February 8, 2008 6:14 p.m.
Unnecessary roughness
Nice photo with the story. Is the shadow posing with his bicep? Geeez 21 years ago...guess you never had an disagreable moment with spouse or significant other. I hope to read some balanced reporting on Mr. Aguirre's personal civil courtroom filings...— February 8, 2008 2:46 p.m.
What's the best way to get over a broken heart?
The bset way is fine a rebound friend with benefits.— February 8, 2008 12:38 p.m.
Time for pension reform in San Diego
BTW as I mentioned early in the thread. No one, you, Don, Billy Bob Henry, Johnny Vegas his other personality, has explained in clear precise language how DROP is a scam. Saying so doesn't make it so. Is it completely cost neutral, I guess not if the actuarial reports are correct. But being cost neutral and a scam are not the same either.— February 7, 2008 7:27 p.m.
Time for pension reform in San Diego
Richard, Richard, Richard... inflamatory and wrong. ... If a city worker ELECTS to use the pension continuance option. Then the worker's pension is actuarily reduced by the life expectancy of the beneficiary. Worker are not allow to choose something that cannot die like an estate for the continuance option for obvious reasons. Here is a simply example. Lets say I get 30K a year in pension at the 100% option. IF I chose a 50% continuance for my spouse my annual pension is reduced to 23K with the 7K retained by the system and earning interest. If I die my spouse get the 50% for the remainder of her life not some huge lump sum as you alluded. Now lets say I also have a DROP account. For 5 years I've deposited my 30K + my SPSP deposit and city match, earned interest and yes maybe a 13th check if the board grants one each year. When I retire I make a decision, leave my nest egg with SDCERS, buy an annuity based upon my life expectancy, roll the money into an traditional IRA, or heaven forbid, take the money as a lump sum distribution and pay Uncle Sam a hell of lot of tax. Lets say I buy a 20 year annunity and I die 10 years later. My beneificary gets to take the lump sum payment or the remainder of my 10 years. No more for God sake it an annunity. Doesn't matter if SDCERS kept my money or if I put it into a traditional IRA, its my asset and my beneficiary still gets it. Sure its nice to sensationalize the DROP program those huge MANAGMEMENT DROP accounts. I find them obscene too. But if you listened to Mayor Sanders today on Roger Hedgecock's show, he clearly stated DROP wasn't ever intended to be a management perk. The City executives realize it was a golden goose and refused to kill it. Going for greed over the public good. It wasn't the hard working, line level men and women serving the citizen who made this mess. Indivdually they did not have the power to do so. No my friend, it was the political and management leaders of the mid to late 90's who benefitted.— February 7, 2008 7:24 p.m.
Time for pension reform in San Diego
"Proposition B, allowing certain San Francisco police officers eligible for retirement benefits to continue working for up to three years while accruing retirement benefits in tax-deferred retirement accounts, was approved by approximately 65 percent of voters. Supporters of the proposition say the program will help San Francisco's shortage of police officers by allowing the department to retain experienced officers, particularly in the neighborhood patrol and investigation units. They claim the program would be cost-neutral to the city." Election wrap-up: San Francisco Wednesday, February 06, 2008 | 2:44 AM ABCNEWS CHANNEL 7— February 7, 2008 3:54 p.m.
Time for pension reform in San Diego
I see San Francisco voters just approved a similar program for their public safety officers for a 3 year period with a 67% approval margin...— February 7, 2008 3:41 p.m.
No Habla English
Voting is the right of a citizen. The vote is a serious responsibility and it should be cast without full knowledge of the issues being set forth for vote. Naturally most information is written and spoken in English in our society. The right or citizenship and right to vote should be earned by learning English, since that is the language of our nation.— February 6, 2008 5:10 p.m.
Ollie's big bike ride – from North Park to Torrey Pines and back
You could have stopped at Porkyland.— February 6, 2008 5:02 p.m.