DancingOutlaw
No sloppy, slimy eggs plz
- Joined
- Aug 11, 2010
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No, I'm completely with you on that, and I'm one of those "government mules" now. By and large, federal salaries and benefits exceed those of their non-fed counterparts. Not always, but usually.
If it sounded like anything else, I apologize for the misunderstanding.
Oh...but there are examples of cities / municipalities that are facing a financial crisis due to very handsome retirement packages that are now underfunded, thus putting the burden on the backs of the taxpayers themselves. It's a complicated issue...too much for my IQ...but it just rings of poor financial management and/or retirement pensions that are ridiculous. JMO.
Knoxville cooked up an LEO pension fund backed by BONDS. Bonds people. They issued bonds to start it, then planned on investing those funds and then somehow beating out the bond interest rate and provide growth to support the fund's future payouts. Then you had people like part time bailiffs and court clerks qualifying as LEO. As you can imagine, this was a massive failboat. The city has had to kick in serious cash into the fund to keep it solvent. CA has a similar problem, PD/FD employees work for small towns and cities for most of their career, then try to transfer to San Fran or Oakland for their final couple years. That boosts their ending salaries, meaning they get a bigger pension payout.
