San Diego City Employees pension fund ailing

Thanks puppydog for finally conceeding that I am correct and offering more evidence to boot. From your link, referenced in exhibit 1-3 of that link, is the following: National Compensation Survey: Employee Benefits in Private Industry in the United States, March 2007. From that report: "Nearly all workers who had access to a defined benefit retirement plan took advantage of the opportunity to participate in it." "Eighty-four percent of workers with access to retirement plans of some type participated in defined benefit or defined contribution plans, or in both types of plans. Virtually all workers with access to defined benefit plans participated in them, while only 77 percent of those with access to defined contribution plans participated." According to chart #2, page 5,which is titled Percent of establishments offering retirement and healthcare benefits, by size of establishment, private industry, March 2007, about 35% of businesses with 100+ employees offered DB plans as of March 2007. http://www.bls.gov/ncs/ebs/sp/ebsm0006.pdf Now that chart references all companies, not breaking out the F1000 which is what I was specifically referring to. So I'm still waiting for your info rebutting those pesky old WWW numbers that Ypu didn't believe But again as YOUR OWN source material shows, as of 2007 there were plent of DB plans out there, they didn't disappear " years, even decades ago." as you claimed. As for your more good news, who gives a rats arse about state's obligations and thier underfunding. That was nowhere in the discussion. Looks like the boom is lowered again. Two stikes in this at bat. One more strike and YOU'RE out!!
— April 3, 2009 6:18 p.m.

San Diego City Employees pension fund ailing

"Hmmm....what say you Trestles?" Is that the best you can do pup?? I say some 455 firms listed in the Fortune 1000 still had Defined Benefit plans that were open to new hires as of 2008. Show me an actual report or study with some actual figures refuting the statistics in the Wyatt Watson report. Boom 1 is completely irrelevant since no where did I discuss the comparison between government workers and private workers. Boom 2 has no relevance at all to how many F1000 firms have or don't have DB plans..As for boom 3 can you explain how "enormous unfunded liabilities for government pensions" and the conditions of Ca. books have anything to do with how many F1000 companies do or don't have BD plans? The debate is simple,pup pup. You said ""Corporate America" does not have the DB pension plan anymore, and the FEW that did stopped them years, even decades ago." And as my information has shown, they are not dead. That's it . Period. There was no other subject that I was discussing. DB plans are not dead and gone, companies still have them. After more than a week, these 2 articles are the best you can come up with?? Two articles that have absolutely nothing to do with how many F1000 companies have or don't have DB plans?/ I mean that is after all what was being talked about. You can't find anything with anymore relevence that this. Sorry puppyjohnny, the boom has been lowered. You've had your 3 strikes and your out. When you can come back with some information with direct relevence to what we were discussing, the number of F1000 companies,that's publicly traded companies, that have DB plans and how many are still active vs closed/frozen, then we can see who's info stacks up the best. Until then, in the words of W.C. Fields, go away kid, ya bother me.
— April 3, 2009 1:42 p.m.

San Diego City Employees pension fund ailing

I assume you mean structural deficit?????
— April 3, 2009 12:59 p.m.

Meter Eater

I Never said anyone had been convicted, paid fines or went to jail. But that is nine people that WERE caught, contrary to your claim that "No one has ever even been caught". Wrong again vegaspuppy
— April 1, 2009 8:13 p.m.

San Diego City Employees pension fund ailing

Well I personally find almost everthing you post quite hilarious. Whether is is meant to be is something else alltogether.
— April 1, 2009 1:58 p.m.

Meter Eater

#11 No one has ever even been caught? Are you really sure you want to make another ludicrous statement??? Oh well "No quarter: On a recent Tuesday night, a few plainclothes Berkeley police officers quietly observed the comings and goings along the 2500 block of Hearst Avenue, waiting for any suspicious movement. It was the department's fifth Parking Meter Vandal Sting this year, and the cops flew into action almost immediately after witnessing a university student jamming a meter with a paper clip. Before the night was through -- and before anyone could say "Free parking!" -- they made two arrests, bringing the annual haul of meter-beaters to nine."
— April 1, 2009 1:56 p.m.

Meter Eater

#8 The new meters Berkley wants to buy are like 2K apiece. BTW if they catch you vandalizing a parking meter it could be 6months in jail and up to $1000 fine. I wonder if it's a coincidence that the majority of the vandalism has occurred in the vicinity of the UC Berkeley campus.
— April 1, 2009 9:53 a.m.

San Diego City Employees pension fund ailing

response to 129 A couple of comments. First, I read the article but I thought it was a couple of days ago. Anyway there have been a few such offerings in the last week or so. I for one, worry about the Federal Government being able to rewrite contracts at it's discression, using the mantra that it's in the best interest of the country. The government talks about transparency and oversight, but who oversees the overseer. Secondly, There is nothing wrong with being suprised. Suprised can be good. I do find it ironic that in this particular moment in time, while while their are things that constantly suprise me to one degree or another, there are so many things that come as absolutely no suprise at all. However, you didn't say you were suprised. After taking exception to johnny's rather ridiculous statement and listing some actual numbers and links to their sources, you, like johnny, said you found it hard to believe the numbers and it was worth checking. Either you commented without bothering to read or you read the source material and chose not to believe it. In either case it was crass and quite a bit less that one would expect from someone with your backround.
— April 1, 2009 9:27 a.m.

San Diego City Employees pension fund ailing

Response to 1226 More crass remarks from Don. Nothing to battle out. As the supporting evidence shows, johnny is wrong. Defined Benefit accounts didn't die years or even decades ago because apparently some 455 firms listed in the Fortune 1000 still had Defined Benefit plans that were open to new hires as of 2008. I'm still waiting on evidence refuting what I have given, but none has seemed to surface yet. If it does, I'll be more than happy to say that I was incorrect, since I am simply quoting other sources. But then again I'm not the one who made the wild statement that ""Corporate America" does not have the DB pension plan anymore, and the FEW that did stopped them years, even decades ago." without any facts to back it up.
— March 31, 2009 11:20 p.m.

San Diego City Employees pension fund ailing

#1224 you must have some issue eoth your bomputer or browser because I'm looking at the chart right now. The fourth column is total active sponsors, which is column 1 minus column 2. try this http://businessfinancemag.com/magazine/archives/i… In my original post I refered to 2003/2004 data as that as all I had found. Apparently you chose not to look at the other links in which more recent data is given.
— March 31, 2009 10:41 p.m.