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1971 case of murdered Barbary Coast employee gets hot
And who did the good old detective gumshoe work in the first place?— June 4, 2009 8:53 p.m.
Some Legislators Pushing Bill to Curb State Municipal Bankruptcies
Creditors would then force the cities into involuntary bankruptcy. ============ Except one little thing -- in municipal BK, creditors cannot force a municipality to file bankruptcy. Nor can a municipality be forced to sell assets to appease creditors. So sorry, but your plan is a no go.— May 29, 2009 9:22 p.m.
Realistic Funded Level of City Pension Plan Now 56.8%
JustWondering, I actually appreciate Johnny. All of his posting has caused me to learn a heck of a lot more about the retirement system. The best part is that all of the articles he posts have helped educate me on what my counterparts around the state are making, and kept me informed about what anti-pension folks are doing. Now I have better info to feed the union for negotiations. It's true that he doesn't have much of a grip on the reality of the situation, but most readers can pick up on that. Thanks Johnny!— May 27, 2009 6:34 a.m.
Realistic Funded Level of City Pension Plan Now 56.8%
I did not say there were no scams, and you know that-I was specifically speaking about DROP. ============================ So you're saying that you didn't write, "...scams don't go over in the real world". Not "DROP scams..." Not "scams like DROP". Just scams. Heck, even if it was DROP scams... there aren't executives out there getting full paid 401K's, defined benefit retirements, club memberships, cars, etc. as going away presents? Regarding pay cuts vs. highest one year... you didn't hear about the pay cut because senior staff members are not union members. Sanders cut their pay 6% and then imposed the same terms as the union contract - another 6%. Hey, I have an idea... make the employment contract for 10 years. They folks could take a deferred retirement from one agency and move to the next. Work 10 years there, and take another deferred retirement. Yahoo! You've got some great ideas, Johnny. One of them is going to make me rich.— May 26, 2009 1:05 p.m.
Realistic Funded Level of City Pension Plan Now 56.8%
Actually, Johnny, it turns out that you don't understand highest one year. Let's use the FD senior staff as an example. They took a 6% pay cut three years ago and haven't gotten it back. Then they took another 6% pay cut this year. They likely won't get a raise for several years. Some that retire five years from now will have their highest one year based on a salary ten years prior. Johnny said that private industry won't hire cops or firefighters $50K/year. Really? Have you looked at the market for specialists in OSHA compliance? I just turned down a $100/hr consulting job because I didn't have the free time. I've got a standing offer for a $75/hr teaching job -- for private industry, not public colleges -- any time I want it. Johnny is crowing about the LAPD employement contract. OK, how long is the term? Think maybe employees will simply wait out the contract and then leave? With even more experience and thus better chances of being hired elsewhere? Lastly, Johnny claims that scams don't happen in the real world. Really? You mean AIG paying bonuses to worthless execs with taxpayer bailout money isn't a scam? There's never any kickbacks from one company to another to gain business? Are you serious?— May 26, 2009 9:44 a.m.
Realistic Funded Level of City Pension Plan Now 56.8%
Remember Andrea Tevlin's report? =================== Was that the one that said that San Diegans pay less taxes than those in similar cities yet want the same level of services?— May 24, 2009 9:29 p.m.
Realistic Funded Level of City Pension Plan Now 56.8%
The factors you cite might have some positive effect. ====================== It would be quite interesting if they didn't. That would mean that all of the posturing about cutting benefits had absolutely no effect.— May 23, 2009 12:20 p.m.
Realistic Funded Level of City Pension Plan Now 56.8%
what is the the time requirement for SDCERS to publicly disclose the data? =============== That doesn't really matter. What matters is that the FY11 bill will be based on the final results of the valuation June 30, 2009. There's one thing you missed, Don. SDCERS does not have rising liabilities. Liabilities are going down, not up. There will be approximately 200 retirements by June 30th. Those folks will be replaced by new employees who are not eligible for DROP or a host of other benefits that current employees enjoy. That reduces drag on the system.— May 23, 2009 11:22 a.m.
San Diego City Employees pension fund ailing
Amazing.— May 2, 2009 12:29 p.m.
Pension Pros Warn That Hocus-Pocus Could Be Used to Lower Annual Payment to System
Um, remember that employee participation has been discouraged as of late with the remake of the board. So I guess we'll sue if we have to. The city hasn't been particularly good at defending itself from employee lawsuits, with the notable exception of the cops.— April 16, 2009 8:18 p.m.