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Countrywide's Mozilo To Keynote USD Real Estate Conference
Just another greedy executive with access to insider information on 30day late, foreclosure trends and other info not available or WITHHELD while shares are being dumped on gullible public.— January 9, 2008 3:42 p.m.
City Employees To Hold Anti-Aguirre Rally at Democratic Meeting
So Don you changed your mind. In your opinion just who plays the role of the Devil in the San Diego Melodrama? And what is Devil offering?— January 9, 2008 3:39 p.m.
City Employees To Hold Anti-Aguirre Rally at Democratic Meeting
So in your opinion just who plays the role of the Devil in the San Diego Melodrama? And what is Devil offering?— January 9, 2008 3:39 p.m.
City Employees To Hold Anti-Aguirre Rally at Democratic Meeting
Response to #18: We all know how it works in both the City and County administrations. Once you're in, you stay in, and as long as you don't rock the boat you'll advance regardless of your competence or productivity. In addition to the Rolls Royce pension you have job security like a dog has fleas. The pay is also not bad at all when you consider how many holidays and perks you get. With the Faustian bargain we find ourselves in, it's time to exorcise our demons and confess our sins rather than covering them up. For all Aguirre's faults, (and they are legion), he's exposing the lies rather than ignoring them. (yet another sdblogger)— January 9, 2008 3:15 p.m.
Website Slams Mozilo Appearance, Noting Stock Sales Before Crash
Don, let me correct you. It would be "ironic" if this guy were to appear at an institution named after a reputable leader. Since he's speaking at a place named for John Moores, the most notorious unprosecuted criminal in all San Diego history, it's not "ironic" at all. At the Moores Center, it's surely apropos for crooks to brag about their thieving... Otherwise, keep up the good work! Best, yet another sdblogger— January 9, 2008 2:34 p.m.
City Employees To Hold Anti-Aguirre Rally at Democratic Meeting
I work for the County at the Admin. building collecting taxes and processing them. You would not believe the number of people around here who make $70,000+/annually and I am not including benefits! We are busy 2-3 months a year and the rest of the time we do busy work, the whole office could easily be outsourced saving millions! We do go to alot of meeting though, time cards? I think they have them in the real world, but not here. Sad but True— January 9, 2008 1:33 p.m.
U-T Axes 14 in Pressroom Without Buyouts
as one of those laid off ....let me say about 20 percent of the pressroom pays into the GCIU union. The press room is represented by the union as soon as the company hires you(like it or not) and some decide to pay dues that are not mandatory but most do not as their wages are lower than employees who have been with the company longer. The company gym by the way smells like hot ass , old tennis shoes and dying pressman. Something sure does stink!!!!!!!!!!!!!!!!! down with the san diego union........... down with GCIU— January 9, 2008 1:30 p.m.
City Employees To Hold Anti-Aguirre Rally at Democratic Meeting
Hey BBH the Courts have ruled, I think Judge Barton would disagree with your twisted analysis. Aguirre has lost in both the superior and appellate courts. If he choses to appeal futher the Supreme Court will rule against him too. Simple put, he's an average politician who carefully spins the information he sends to the public, but his record in courts of law is a much better gauage, as Judges hold him to higher standard and he can't get away with misrepresenations. Should the Democratic Party endorse him for reelection they do so ONLY to tow the party line, nothing else. If he wins reelection their self-serving partly line interests will cause more damage than good during his final four year term as CA.— January 9, 2008 1:29 p.m.
City Employees To Hold Anti-Aguirre Rally at Democratic Meeting
BBH, you say the "scams" are ending by political choice. As I've said many times, I'm against any of the various deals that are money losers. That's why I didn't buy service credits. Obviously, I have a financial stake in seeing the city stay afloat. But using political choice rather than financial analysis to end benefits, especially when the city is having trouble attracting employees, is insane. Bottom line? You say we should return all employees to SS only. The city is paying the same 11%-13% share that I am. So the city would save a whole 5%-7% of payroll on safety employees -- less for the more numerous general employees. (13%-6.2%=6.8%) And you'd have 67 year olds trying to fight fires.— January 9, 2008 10:54 a.m.
City Employees To Hold Anti-Aguirre Rally at Democratic Meeting
BBH, wrote, "WRONG, the City pensions was NEVER meant to support a welfare queen, it was to REPLACE social security, so it is SUPPLEMENTAL...". Interesting, given that SDCERS was formed in 1927, a decade before Social Security. Remember, as non-safety employees, the DCAs pay less into the retirement system. Safety employees pay more. Yes, the city pays "pickup" in lieu of giving pay raises. Frankly, I'm pushing the union hard to eliminate pickup and replace it with a like pay raise -- just to keep things transparent. In fact, I'd be OK with that being the only financial part of the contract this year. Replace the 7% pickup with a 7% pay raise. Apples for apples, right? Are you smart enough to figure out why the city doesn't want to do that? The city's pickup was 10%. It's since dropped to 7%. Less for executives. I think theirs is 2%. We still pay Medicare, so the number you were looking for was 6.2%, not 7.65%. My out of pocket is just about the same as if I were paying into SS. The city contributes a like amount on my behalf, plus (supposedly) it's share. Let's see, retirement age. Yes.. safety employees (well, except the 75% who are cops) can retire at 90% at age 50. The only problem with your theory is that almost no one is actually hired at that age. The average hire age is 27, leading to the average retirement age of 57. Either way you look at it, you're trying to prove your example with the edges of the bell curve. Possibilities rather than realities. Allow me to make one other little point about SS that you conveniently have forgotten while you're ranting. The non-working spouse of a Social Security recipient also gets a benefit. Not so for city workers. From the SS website, "The family benefit is generally limited to 150% to 180% of your retirement benefit." The average SS recipient gets about 40% of their income replaced by SS. (Again, according to the SSA) Multiply that by 150% and you get... 60%. Multiply by 180% and you get 72%. A married safety employee who joins at the average age of 27 and who has a non-working spouse will get 69% at what you claim is the "full retirement age" of 50. Is there an age discrepancy? Absolutely. But... we pay more into the system. And... SS is going broke too. What percentage would folks have to pay into SS to actually keep it afloat?— January 9, 2008 10:53 a.m.