$174,308 retirement a year at 59 for Public Sector Worker!

Discussion in 'Economy' started by get_involved, Dec 11, 2011.

  1. get_involved
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    get_involved Gold Member

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    "After nearly 40 years in public education, Patrick Godwin spends his retirement days running a horse farm east of Sacramento, Calif., with his daughter.

    His departure from the workaday world is likely to be long and relatively free of financial concerns, after he retired last July at age 59 with a pension paying $174,308 a year for the rest of his life.

    Such guaranteed pensions for relatively youthful government retirees — paid in similar fashion to millions nationwide — are contributing to nationwide friction with the public sector workers. They have access to attractive defined-benefit pensions and retiree health care coverage that most private sector workers no longer do."

    And the Democrats answer is raisng taxes. The Democrats are owned by the Public Sector Unions.


    Public retirement ages come under greater scrutiny - Yahoo! News
     
  2. auditor0007
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    auditor0007 Gold Member

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    Way too many things today make us ask "how did this happen"? In almost every case, it can be attributed to simple greed. Not to say greed is always a terrible thing, but when it becomes perverted, then we see the result.
     
  3. RetiredGySgt
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    RetiredGySgt Platinum Member

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    My military retirement, which people like Ravi and company claim is wrong, would be 14400 a year with medical coverage at 75 percent of allowed charges.

    What I do receive is about 33600 from VA a year and 12000 from SS. My medical is about 90 percent covered.. Still a far cry from the article though.
     
  4. DontBeStupid
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    DontBeStupid Look it up!

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    Almost 15 million people looking for work in this country. Someone retires, freeing up a job, and you complain about it.

    Unbelievable.
     
  5. zonly1
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    zonly1 Probie still throwin'em

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    So it's justifiable to earn 174k the rest of there life as a teacher retiring at 59 when the tax payers are paying for it and the moron moonbeam wants to increase taxes. Apparently you have failed at math but stand in front of the line depending on ignorance
     
  6. editec
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    editec Mr. Forgot-it-All

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    How much did Pat make while working? Was he a top ranking administrator?

    So I fail to see the point of outrage here.

    A person who was well paid while working gets an equally fat pension?

    This is bad, why?
     
  7. get_involved
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    get_involved Gold Member

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    Hey, "Don't be stupid"............Don't be stupid!
     
  8. get_involved
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    get_involved Gold Member

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    Number 1, the story isn't about 1 person. Number 2 it's taxpayer money.




    -
     
  9. DaGoose
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    DaGoose Gold Member

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    I don't know that anybody thinks military retirement is wrong, just that it's hard to fathom someone who receives government benefits to critisize somepone else who receives government benefits. Both are earned.

    When my wife retires from her teaching her pension will be less than your $33,600 per year and she is ineleligible to receive SS benefits (either on her own or as my widow). She also gets her medical covered at around 80%.

    Yeah, she'll just be rolling in the dough alright. :mm:
     
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  10. DaGoose
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    DaGoose Gold Member

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    It's also about services provided to the taxpayer. If you want your roads fixed, house fire put out, drunks off the road, garbage picked up, water treated, etc. you have to PAY for those services.

    I'll be the first to admit that the person referred to in the story is getting a pension that is excessive. 174k per year is a LOT of money. But keep in mind he was an ADMINISTRATOR and he put 40 years of his life in that profession.
     

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