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Names of $100,000 City Retiree Club
Johnny, First, I never claimed that SDFD retirees got 2.99 @ 50. It was 2.9999 @ 55. The scale started at 2.5% at 50 and rose .1% each year until it reached 2.9999% at 55. That was post MP1. Prior to MP1 it was 2.2 @ 50 up to 2.77% @ 55, again a sliding scale. Second, the pension that a firefighter in OC got in the mid-80's has no bearing on what a firefighter down here got in the mid-80's. Third, I never once said that there weren't family members who work together. That's pretty common in business as well. Guess you've never heard of a business named, say, Sanford and Sons. You sure have a funny way of interpreting what I've said. But feel free to post a direct quote and link to anything I've said contrary to the above. Or feel free to retract your statements if you can't post a link. I'll be waiting. Or are you just being a troll again?— February 13, 2009 3:58 p.m.
San Diego City Employees pension fund ailing
JV, since you obviously have trouble reading, let me quote from Just Wondering's post. "If Bendix's thinking remains unchanged..." Seems to me that Just Wondering understands the tentative part just find. And that you have the reading comprehension of a 7th grader.— February 13, 2009 2:45 p.m.
Names of $100,000 City Retiree Club
Johnny is always harping on this GED bit. So here's an interesting fact I learned the other day. 70% of high school graduates (no less GED holders) cannot pass the Navy entrance exam. Now I have no idea if our exam is tougher, but since they have fewer applications per job than we do, it stands to reason. So if 70% of HS grads aren't even qualified to join the Navy and scrape paint (not to mention the much more technical jobs the Navy has) then what percentage can make it through the FD test? Remember... the only education requirement to be an attorney is... um, none!— February 13, 2009 2:43 p.m.
Names of $100,000 City Retiree Club
Back in the 80's they reitred at age 55-60 with 1.5% defined benefit for every year they worked, ======================================= Um, no.. the benefit was a range from 2.2% at 50 to 2.77% at 55. It increased a little with each additional year. But then you know that. So why post false information?— February 13, 2009 2:36 p.m.
No Double Dipping
Dorian, The SDCERS board already lowered the assumption rate for DROP and was already planning to do it again -- all without DeMaio's input. He's simply grandstanding about an already done deal. Further, you've got some facts wrong and DeMaio did nothing to correct you. DeMaio says he was "embarrassed" to enroll in DROP and that he saves $28K by not enrolling in DROP. He CAN'T enroll in DROP. He's not eligible. Further evidence of his grandstanding. DeMaio contradicts himself by correctly stating that the assumption rate is 7.75%, but then grandstands some more by repeatedly using the bogus 8% figure. Further, he fails to mention that in years past the system made 14%, but only paid 8%. What happened to that money? I guess he forgot about it. DeMaio repeatedly uses the catch-phrase "double dipping". I'd like your opinion, Dorian. If someone retires from the military and takes a second job are they "double dipping?" That's exactly what DROP is. City retirees are simply investing their own vested retirement funds. Lastly, Carl fails to explain why it's apparently OK for him to become a millionaire with government contracts, but not OK to earn a negotiated wage and retirement worth far less. DeMaio is just fishing for media attention with this press release. Looks like you bit.— February 13, 2009 10:20 a.m.
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.— February 13, 2009 10:09 a.m.
Names of $100,000 City Retiree Club
That's an interesting list. Why? Because several people on that list retired pre-MP1. 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%. Every other retired FD person on that list was upper management -- Deputy Chief and above. For those not in the know, a Deputy Chief is the third highest rank in the entire FD. There is currently the Fire Chief, two Assistant Chiefs and seven Deputy Chiefs to run a thousand person department.— February 13, 2009 7:51 a.m.
San Diego City Employees pension fund ailing
If there was competition from the private sector for FF duties your pay scale would drop 80-90%. ==================== Yes, but there's not. No private company has been able to make a profit with private fire protection. Even Rural/Metro had to give up it's contract in Scottsdale because it was unprofitable. I just have to laugh at the idiots screaming, "Privatize fire protection!!!" It'll never happen.— February 12, 2009 5:54 p.m.
San Diego City Employees pension fund ailing
I think we are agreed that a FF doesn't require the education of a psychiatrist, say. ================= You're making the mistake of believing that education is the sole factor in determining worth to society. A podiatrist also requires more education than a paramedic. Which would you want showing up at your home should you suffer a stroke? In terms of saving lives, a paramedic has vastly greater worth to society than most professions.— February 12, 2009 4:37 p.m.
San Diego City Employees pension fund ailing
Is the City thinking of replacing current workers with volunteers, or augmenting the current workers? ============== Don, I might refer to you post 797 from last night...— February 12, 2009 4:34 p.m.