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Thread: Pension Problems
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03-13-11, 10:29 AM #1
Tempus Fugit
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Pension Problems
Look what I just found buried in our newspaper.
http://www.clarionledger.com/apps/pb...=2011103130346
I have worked, waited, and paid into this system for 26 years. The system has always been strong and well managed and the Legislature needs to stay out of it. They have been trying to screw with the State's retirement system for about 2 years now. They were succesful in raising our contribution rates last year. I hope everybody gets together and these fools get voted out of office before they screw me and a lot of others over.Last week, at the height of the political drama over redrawing district lines, the state Senate quietly approved a budget bill that the state's pension manager says could shut down the retirement system.
As a result, payments for thousands of retirees would be halted on July 1.*************************"It wouldn't take much for me to up and run...to another life somewhere in the sun."
*************************"There's something inherently wrong with having to put on a bullet-proof vest and a gun to go to work."-(An old friend)
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03-13-11, 11:44 AM #2
sheep
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Remember what they did, and vote them out as soon as you can.
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03-13-11, 11:45 AM #3
Tempus Fugit
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Most definitely!
*************************"It wouldn't take much for me to up and run...to another life somewhere in the sun."*************************"There's something inherently wrong with having to put on a bullet-proof vest and a gun to go to work."-(An old friend)
Any statements or opinions given in my postings or profile do not reflect the opinions, views, policies, and/or procedures of my employer or anyone else other than me. They are my personal opinions or statements only, thereby releasing my employer , any other entity, or any other person of any liability or involvement in anything posted under the username "Cidp24" on O/R.
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03-13-11, 01:58 PM #4
Dwayne Elizondo Mountain Dew Herbert Camacho
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from what I understand, the same kind of thing is happening in Oklahoma. The Police Pension is one of the best, most responsibly run pensions of all the government employee pensions. The teacher's pension is broke. So, from what I've been told, the new governor is going to try to bail out the failed pensions by combining them all together (thus taking advantage of the well-run police pension), which would screw with the particulars for us cops (now we're vested at 10 years, can retire at 20...if it changes, we won't vest until 15 and can't retire until 25).
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03-13-11, 02:31 PM #5
Tempus Fugit
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All State employees are already lumped together here but so far the retirement plan has done well. Only the Highway Patrol has a separate system, which is MUCH better than everybody elses for some stupid reason
.
*************************"It wouldn't take much for me to up and run...to another life somewhere in the sun."*************************"There's something inherently wrong with having to put on a bullet-proof vest and a gun to go to work."-(An old friend)
Any statements or opinions given in my postings or profile do not reflect the opinions, views, policies, and/or procedures of my employer or anyone else other than me. They are my personal opinions or statements only, thereby releasing my employer , any other entity, or any other person of any liability or involvement in anything posted under the username "Cidp24" on O/R.
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03-13-11, 04:43 PM #6
Retired Plod
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They are trying to fiddle with our "final salary" scheme which is Govt run.
I should be OK as will most current officers for the next few years but after that who knows.
We have a good pension scheme and to be honest it's why alot stay in the job.
However alot of people are ignorant to the fact we pay 11% of our wages into the scheme out of our monthly cheques.
other public service unions all pay less some only 4-5% and guess what the Judges who get a fantastic pension only pay contributions of 1-2%
Oh well looks like I'm being forced to retire at the right time, roll on November!the sole advantage of power is that you can do more good.
( Baltasar Gracian )
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03-13-11, 04:55 PM #7
Duncopperin!
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Two months behind you mate. Originally Posted by Motorwaycop
10 pay days to go......A common mistake made when trying to come up with a totally foolproof design is to completely underestimate the innate ingenuity of fools.
The last thing I want to do is hurt you but it's still there on my list of options, so are you coming quietly.........?
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03-13-11, 05:07 PM #8
Retired Plod
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Strange but everyone at work seems jealous of me going!
Never known morale so low.the sole advantage of power is that you can do more good.
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03-13-11, 06:42 PM #9
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Not to worry, Mate. They tried that shit here some years ago....and we fought them to the state supreme court. Court said "A deal is a deal...pay up". They have tried to raid the fund several times but so far, they don't seem to want to mess with the cops/firefighters lobby. We have a LEOFF (retirement) coalition working here. Might do you some good to talk to them and see how you can mobilize.....in the meantime, there is plenty of case law to protect you should you have to go to court. Originally Posted by Cidp24
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I would like my country back. I used to believe that one man could never destroy this country. Not so sure anymore!
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03-13-11, 07:22 PM #10
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The new Governor here wants to screw with our system too. He claims it needs to be fixed even though its the third best in the country and its currently 80-90% funded. He wants to increase our contributions and lower our multiplier from 3%-2%.
"An Unarmed man can only flee from evil, and evil is not overcome by fleeing from it." Jeff Cooper
Some people are meant to be the police......Some people are meant to call the police!!!
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