11% of black students in Chicago can read while teachers make $100,000

[WorldWatcher]

As many hourly as possible pension spike. Supervisors don't discourage it. Are you crazy? They promote it. Its a perk they celebrate it!

Selling back 250-1500 hours, saving up ten years worth at 6weeks per year PTO, bonuses included, OT "worked" 80 hour weeks for fireman. It's a racket. It's not one guy in CA. Millions in CA are on $10K/mo pensions. Hourly and Salaried. That is $120K. This is not one 70yr old guy trying to up his way our. This is 50 yr olds in prime shape. Plus medical.

The other trick is back on as consultant at $75-$100 per hour. Yet you scoff. There has been huge write-ups. Public outrage.

https://www.usmessageboard.com/attachments/1746994924297-webp.1110173/

WW

 

[Lisa558]

As many hourly as possible pension spike. Supervisors don't discourage it. Are you crazy? They promote it. Its a perk they celebrate it!

Selling back 250-1500 hours, saving up ten years worth at 6weeks per year PTO, bonuses included, OT "worked" 80 hour weeks for fireman. It's a racket. It's not one guy in CA. Millions in CA are on $10K/mo pensions. Hourly and Salaried. That is $120K. This is not one 70yr old guy trying to up his way our. This is 50 yr olds in prime shape. Plus medical.

The other trick is back on as consultant at $75-$100 per hour. Yet you scoff. There has been huge write-ups. Public outrage.

$75 to $100? That’s for state.

I know feds who retire from the government, collect their cushy pension, AND contract back their work at $300 - $400 an hour.

One guy I know has an income of $500,000 from doing that. And yes, he told me. These liberals are not afraid to let you k ow just how much our government is wasting,

 

[leftwinger]

https://www.usmessageboard.com/attachments/1746994924297-webp.1110173/

WW

Nonsense. State or FED? Which State? AVG watered down. Try median or top10%.

 

[leftwinger]

DOGE found FED workers claiming unemployment while working, 100,000 of them. Posted here today. Anything goes. State or FED. No penalties.

Game on gotta go

 

[WorldWatcher]

Nonsense. State or FED? Which State? AVG watered down. Try median or top10%.

I gave you the state. It’s the same one YOU talked about.

Link was in the previous post.

So now you want to narrow it to to 10% to just include those at the highest end of the income curve.

LOL

WW

 

[leftwinger]

I gave you the state. It’s the same one YOU talked about.

Link was in the previous post.

So now you want to narrow it to to 10% to just include those at the highest end of the income curve.

LOL

WW

Crazy talk. No state shown. No year. AVG includes all short timers. I dont make up what I posted. It was fact not long ago. Now get off me!

 

[WorldWatcher]

Crazy talk. No state shown. No year. AVG includes all short timers. I dont make up what I posted. It was fact not long ago. Now get off me!

The link was to the current CalPers website.

Now tell us that CalPers don’t know the data for its own state.

WW

 

[leftwinger]

The link was to the current CalPers website.

Now tell us that CalPers don’t know the data for its own state.

WW

OK I'm wrong it never happens, never happened. I dreamed it all up to attack the honorable deep state of CA.

No date and no name, no link on your typed page. I believe you. But AVG is often a BS figure. Include 75% chump change fri 25 yrs ago mixed in with 2020 retirees.

 

[Jarlaxle]

Could you link to the pension plan you speak of. Let's take a look at the specifics.

I can retire with 24 years with full pension, equal to 40% of high three. I can retire at 30 years with a full pension of 51%. "Full Pension" is a qualitative term not a quantitative term. In the Navy I retired with a full pension for someone with 20 years (50% of base pay) and I could have stayed for a full pension at 30 years (75% of base pay).

Let's see the pension program and determine if pension increases with time in service.

23 years. Yes, people could "retire" at 43. Pat Bulger (nephew of crime boss Whitey Bulger) has been collecting $55,000/year since he retired (at 45) in 2007.

Of course it is. The key to Defined Benefits pensions is ensuring the future costs are paid over the employees employment cycle.

Meaningless platitude.

Here in Virginia I'm paying 5% toward our pension fund and my employer it paying 15%. It goes to a seperate Pension Fund (Virginia Retirement System) which then invests the money to pay future benefits.

Irrelevant.

The historical problem with Defined Benefits plans typically are caused by two proglems: (A) not properly funding promised benefits on the front end, (B) the employing organizatgion also being the "fund managers" [which is a receipe for disaster].

WW

No, the problem in Massachusetts is generations of hacks that sometimes collect longer than they "worked."

Is this the MBTA Pension you are talking about?

Looks like Group A people have to be 55 and have 20 years of service. They then get reduced benefits. "A Early Reduced Retirement is available if a Member is age 55 or over andhas at least 20 years of creditable service; however, this retirementallowance will be reduced by ½ of 1% for each month between the ageat retirement and age 65."

Then the calcuation of benefits is calculated by as on years of service multiplier. The more years, the higher the muliplier. (In other words those retiring earlier, have few years, therefore a small pension benefit.

This is what I meant when I said "full retirement" is a qualitative term. The plan you mention has years of service multipliers.

WW

https://mbtarf.com/wp-content/uploads/2023/06/MBTARF-Group-A-Plan-and-Group-B-Plan-Benefits-Comparison.pdf

That's now. There are still THOUSANDS of hacks who were able to retire under the old 23-year system. (It was changed in, IIRC, 2009.) One guy cashed out in 2020 at 51, getting $97,000 a year. Another gets $53K/year for life, at 42. Not as egregious as the $200,000+ quadruple-dipper Billy Bulger gets, but certainly not sustainable.

Spilling the tea on pension payouts for MBTA early retirees

Take a close look at the chart next to this and tell me you don’t wish you had gone to “work” for the MBTA right out of high school — so that you too could have retired with a full pension at age 41 just like all the cool kids did, and continue to do. […]

howiecarrshow.com

 

[leftwinger]

John Boehner got $86K after 26 yrs on the books.

 

[Jarlaxle]

John Boehner got $86K after 26 yrs on the books.

Yes, we also need term limits and no pensions for the hacks.

 

[otto105]

LOL.....They might have better luck shifting some pay from the teachers to the students.

Talk about a total cluster f**k......FUBAR teacher union culture collides with FUBAR black culture.

That said, how many here would willingly subject themselves to Chicago school students for $100k?

-now it doesn't sound like quite so much, does it?

Meanwhile a white grifter who overstayed his visa, created 14 basturd offspring while never being married gets payed $500 million dollars to run tesla into ditch.

 

[leftwinger]

Meanwhile a white grifter who overstayed his visa, created 14 basturd offspring while never being married gets payed $500 million dollars to run tesla into ditch.

Not GOVT money (my TAX dollars) so I don't care. Get off the boards with your BS.

 

[otto105]

Not GOVT money (my TAX dollars) so I don't care. Get off the boards with your BS.

Tesla received huge tax money from our government and still does.

So, you can turn down your idiot maga fail fuckup.

 

[otto105]

Elon Musk’s business empire is built on $38 billion in government funding - Good Jobs First

 

[Winco]

Certain states have teacher retirement plans such that they are exempt from SS. That was what crippled me in KY because all of my other work history contributed to SS so I took a penalty of 9 years with no contributions.

This is the entire trump cult thinking

Here it is : Why should I pay into SS when I could invest that money myself
?


Well, you had 9 years to invest because you didn’t pay into SS.
What happened and why are you bitching about your lack of individual investing
Knowledge

 

[WorldWatcher]

This is the entire trump cult thinking

Here it is : Why should I pay into SS when I could invest that money myself
?


Well, you had 9 years to invest because you didn’t pay into SS.
What happened and why are you bitching about your lack of individual investing
Knowledge

That's not what Rock was talking about.

He was talking about the WEP penality where his SS was reduced from what he'd earned based on a pension income from a non-SS covered job. It wasn't that those years didn't count for SS, it was they years that DID count established a certain benefit, then a penality was applied reducing that amount.

That was unfair and the WEP (Windfall Elimination Provision) that was applied to some pensions was recently eliminated.

WW