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Take Down ~ Tap Out
- Aug 27, 2010
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Retards never look past their nose for consequences, because they lack the ability to think logically, and always rely on their common sense, jesus, or some other crutch to justufy their actions. Here are some of those costly consequences from WSJ that will end up costing the taxpayers more, not less, for screwing with public employee benefits,
Public employees are retiring at a quickening pace around the U.S., providing a mixed blessing for state and local governments seeking to save money.
In Wisconsin, where lawmakers voted in mid-March to end workers' collective bargaining for future employment contracts, 3,362 people have applied to retire this year, a 73% jump from last year. And 10,975 people since the beginning of the year have taken the first step toward retirementflooding the Wisconsin Department of Employee Trust Funds with requests for estimates of their potential benefits. That's up 134%.
A teacher for 35 years who earns in the high 50s, Ms Herricks can now retire and collect nearly her former salary. "Retirement was supposed to be something happy. I'm so sad."
Given that pensions are off-limits to certain taxes, Mr. Herricks says they will bring home close to what they did before. They also plan to substitute teach.
The moves are motivating many public employees to retire sooner than expected, as public employees take the opposite approach of many workers who have put off retirement to recoup personal wealth lost during the recession.
In New Jersey, four big pension funds saw a record 20,327 retirements in 2010 versus 12,720 the year before amid the prospect of less-generous benefits.
In California, Guy Harris recently retired at 50 years old because he feared he would otherwise lose benefits he says he has counted on since joining the state transportation department 27 years ago as a civil engineer.
"It wouldn't surprise me if they change the rules and say you can't retire before 55," he says. "I didn't want to get stuck."
He was earning about $9,000 per month and will collect about a third of that as a retiree. Plus, he has been hired back as a consultant, and is working on his own walnut farm.
Public Workers Rush for Retirement - WSJ.com
WSJ also points out that states are expecting less qualified employees that will be working with the public and might affect communitys.
Public employees are retiring at a quickening pace around the U.S., providing a mixed blessing for state and local governments seeking to save money.
In Wisconsin, where lawmakers voted in mid-March to end workers' collective bargaining for future employment contracts, 3,362 people have applied to retire this year, a 73% jump from last year. And 10,975 people since the beginning of the year have taken the first step toward retirementflooding the Wisconsin Department of Employee Trust Funds with requests for estimates of their potential benefits. That's up 134%.
A teacher for 35 years who earns in the high 50s, Ms Herricks can now retire and collect nearly her former salary. "Retirement was supposed to be something happy. I'm so sad."
Given that pensions are off-limits to certain taxes, Mr. Herricks says they will bring home close to what they did before. They also plan to substitute teach.
The moves are motivating many public employees to retire sooner than expected, as public employees take the opposite approach of many workers who have put off retirement to recoup personal wealth lost during the recession.
In New Jersey, four big pension funds saw a record 20,327 retirements in 2010 versus 12,720 the year before amid the prospect of less-generous benefits.
In California, Guy Harris recently retired at 50 years old because he feared he would otherwise lose benefits he says he has counted on since joining the state transportation department 27 years ago as a civil engineer.
"It wouldn't surprise me if they change the rules and say you can't retire before 55," he says. "I didn't want to get stuck."
He was earning about $9,000 per month and will collect about a third of that as a retiree. Plus, he has been hired back as a consultant, and is working on his own walnut farm.
Public Workers Rush for Retirement - WSJ.com
WSJ also points out that states are expecting less qualified employees that will be working with the public and might affect communitys.