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Pensions in the News
Pensions in the News
We have two different government pension stories to highlight here. So let’s start in San Francisco, where the average city government retiree earns an annual pension of $46,272. If you worked 30 years in city government, that figure looks more like $76,981. Those retiring from the Police Department are looking at $95,016, while the Police Chief gets a $264,000 annual pension. Fire Department retirees: $108,552. Private sector employees? $41,136. Gotta love government. Is it any wonder high-achieving taxpayers and business owners are fleeing California (usually for Texas) for happier economic climes
Then we have the teachers unions in Florida. The Florida Education Association is suing Governor Rick Scott over a new law that … wait for it … requires state employees to begin contributing to their own retirement plans. Can you imagine the horror? Contributing to your own retirement account .. that’s outrageous! The law requires that state employees begin investing 3% into their retirement funds, which teachers unions are saying is a breach of contract. Florida Education Association president Andy Ford says, “It is essentially an income tax levied only on workers belonging to the Florida Retirement System. It’s unfair — and it breaks promises made to these employees when they chose to work to improve our state.”
Now .. get this .. Florida teacher unions spokesmen are saying that this 3% payment to their pension plans is actually an income tax.
Never underestimate the damage that teachers unions can do to your state or our nation.
Read the rest of the story here:
http://usconstitutionalfreepress.wordpress.com/2011/06/21/pensions-...
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Comment
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Comment by Debbie G on June 23, 2011 at 4:46am
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I picked up a copy on Tuesday merely because it had the pension issue on the cover. Interesting too, Mr. Cuba, president of the FOP, spoke at Tuesday's emergency meeting stating that the council was doing a slight of hand in this pension action. The council came back at Mr. Cuba stating he was playing two sides to the middle in that the police union had recently walked away from the negotiating table. Mr. Bishop added that if the pension bills required union agreement/signatures, he had some doubt as to the efforts expended on these bills.
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Comment by FCTP on June 22, 2011 at 7:20pm
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Just received a copy of the Folio from one of our CPA members. He thinks the article is EXTREMELY INTERESTING. We have to be careful with Folio but "where there's smoke, there's fire."
http://www.folioweekly.com/documents/main_062111.pdf
Could be a real scandal if it is true.
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The city of Jacksonville is facing it's own pension dilemma as well. With two weeks left to the current administration and city council pensions have become a priority. They introduced two bills that will be on the backs of all Duval taxpayers on June 14th.
These bills were put on the June 14th council agenda as a last minute item. The next city council meeting is June 28th, it is also the final meeting for the existing council. Jack Webb called an "EMERGENCY" meeting on June 21st where both these bills were debated as well as public comment.
I have tried to post the city link on News 4 Jax to show these bills were introduced as an addendum to the addendum where citizens had no chance to see the context. The post with the city link in it will not post there so here it is: http://cityclts.coj.net/coj/CurrentYear/Council/87-June-14-11-Addto...
News 4 Jax article http://www.news4jax.com/news/28310870/detail.html
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