Man Earns $300,000 Public Pension

[piasabird]

If you dont live in the school district, then you dont have a say in the matter.

I dont really know how they arrive at these figures. I imagine that they have to do a serch for a superintendent and then pay for the person they want based on their qualifications.

 

[heyheybooboo]

Tough to live on a 100k pension? Only a liberal like you would say that. Unless you live in NYC, 100k is a lot of money for a retiree whose house is most likely paid off and have no large expenses like a middle class family would have.

You can most definitely live on 100k a year in the most expensive suburbs of the SF bay area if you had an easy job with the government for 30 years and a paid off house. Why should the taxpayers fund lavish lifestyles of public retirees?

Gawd, you're a dumb ass. Please try, again.

Out of the 342,543 searchable retirees, 1,378 collect annual pensions exceeding $100,000, and 68 receive over $150,000

1,378 divided by 342,543 = ???

Less than one half of one half of a percent make $100k/year or more in retirement (and, of course, you are incapable of acknowledging that for decades the individuals in question paid into the system with their own funds).

When you need a fireman, paramedic, teacher or cop, or the need to utilize any local or state service agency, feel free to express your opinion on their pension.

Surprisingly, in spite of your douchery, in 99% of cases they will treat you with respect and deference.

Lucky you.




--

 

[Zebo]

This is normal almost all former high paid professsional in Ca get similar - college professors, administrators, higher up cops & fire, city administrors and so forth. Unsustainable but normal.

Almeda is paying 84% of revenues to retired people and can't even afford current cops let alone current services.

All of America will be like this soon as boomers hit the rolls.

 

[Zebo]

I can just smell the jealousy from here. None of you has the education, experience or training to do their job and are simply jealous. Those salaries and pensions are quite normal for almost any top administrator for a good sized county/district.

If you think it is such good money and benefits (and it certainly is) then go get your masters, teach for 10 years, move into admin at the bottom, build up 20+ years of experience more, get your doctorate and apply! Oh, and you'll have to beat out all the other qualified candidates.

There is nothing free market about it is the problem. Unions sweat politicains to either be pro union or we tank your campaign so all vote for luxurious pay raises and benefits to the point where they are 50% better than private industry for similar work. Hardly 'earning' it. Unless you consider blackmail an acceptable tactic. Would be nice to walk into a bosses office and say "give me a raise or I fire you"

 

[Hacp]

They are normally employees of the county school system and paid by county property taxes. There are some state and federal funds that go to them however.

Why do you think rich counties/areas tend to have the best schools? They have the most money and best administrators (because they can afford top talent by paying high salaries).

A search for a good superintendent is like an executive search for a CEO. They recruit them nationally. And like a CEO, they have very broad reaching experience and responsibility. That's why they are paid so well.

Don't most schools get state aid? Everyone is paying for this guy's overbloated pension. Less government, more freedom!

 

[Hacp]

Gawd, you're a dumb ass. Please try, again.



1,378 divided by 342,543 = ???

Less than one half of one half of a percent make $100k/year or more in retirement (and, of course, you are incapable of acknowledging that for decades the individuals in question paid into the system with their own funds).

When you need a fireman, paramedic, teacher or cop, or the need to utilize any local or state service agency, feel free to express your opinion on their pension.

Surprisingly, in spite of your douchery, in 99% of cases they will treat you with respect and deference.

Lucky you.




--

Key word is "make" in retirement. When they're not producing anything or being productive.

 

[Zebo]

They are normally employees of the county school system and paid by county property taxes. There are some state and federal funds that go to them however.

Why do you think rich counties/areas tend to have the best schools? They have the most money and best administrators (because they can afford top talent by paying high salaries).

A search for a good superintendent is like an executive search for a CEO. They recruit them nationally. And like a CEO, they have very broad reaching experience and responsibility. That's why they are paid so well.

No like a CEO they stack the board with friends to extract as much money as possible from Shareholders and revenue. Just replace board with politician and Shareholders and revenue with tax payers and you have .gov.

 

[Mursilis]

Just more proof that in a democracy, there's almost no incentive for elected officials to think long-term.

 

[Zebo]

Spidy here is a good read on unsustainable scam
http://online.barrons.com/article/SB126843815871861303.html#articleTabs_panel_article%3D1

 

[IndyColtsFan]

I can just smell the jealousy from here. None of you has the education, experience or training to do their job and are simply jealous. Those salaries and pensions are quite normal for almost any top administrator for a good sized county/district.

No offense, but we're talking about a PhD in education. Not exactly on the same level as say a PhD in engineering or an MD.

If you think it is such good money and benefits (and it certainly is) then go get your masters, teach for 10 years, move into admin at the bottom, build up 20+ years of experience more, get your doctorate and apply! Oh, and you'll have to beat out all the other qualified candidates.

This is the same with any job. The difference being, of course, that this particular job is supported by tax dollars and education in this country is not up to par and a large part of that is due to the administrators.

The guy signed the contract so he should get it. They should not be negotiating contracts like this in the future, however.

 

[spidey07]

No like a CEO they stack the board with friends to extract as much money as possible from Shareholders and revenue. Just replace board with politician and Shareholders and revenue with tax payers and you have .gov.

Not really. My wife is on the superintendent track because she's highly educated, hard working and very good at what she does. They're actively grooming her for it.

We plan to retire by 50. Once she's got 30 years she gets FULL salary as pension.

 

[BoberFett]

Once she's got 30 years she gets FULL salary as pension.

And that's ridiculous. Paying someone the for not working the same amount that they made while working is unsustainable.

 

[Mursilis]

Not really. My wife is on the superintendent track because she's highly educated, hard working and very good at what she does. They're actively grooming her for it.

We plan to retire by 50. Once she's got 30 years she gets FULL salary as pension.

And there are probably thousands of people just like her equally qualified for that same job who would probably do it for less.

 

[Zebo]

Not really. My wife is on the superintendent track because she's highly educated, hard working and very good at what she does. They're actively grooming her for it.

We plan to retire by 50. Once she's got 30 years she gets FULL salary as pension.

I'm sure she is. Good for you. My wife teaches nursing students and may get 80% too someday but anyone looking at this objectively sees it's not a free market, there is some extortion going on, and it's unsustainable. (PS don't bank on it)

 

[IceBergSLiM]

One of the critical problems facing the state and local governments are pension funds that are way underfunded.

Why would pension funds be underfunded if the leadership did their job? They spend pension money on other shit then when bills come due point the finger at the guys that dedicated their lives.

 

[IndyColtsFan]

And that's ridiculous. Paying someone the for not working the same amount that they made while working is unsustainable.

I understand that his wife is in that field and he wants to support her, but maybe he should just recuse himself from this conversation rather than argue the point because it is obviously and completely unsustainable probably even in the best of times, not even mentioning the shitstorm economy we have now with tax revenues plummetting faster than Dave McOwen's latest investment.

 

[Zebo]

I understand that his wife is in that field and he wants to support her, but maybe he should just recuse himself from this conversation rather than argue the point because it is obviously and completely unsustainable probably even in the best of times, not even mentioning the shitstorm economy we have now with tax revenues plummetting faster than Dave McOwen's latest investment.

Speaking of recusing. There are serveral cities in CA that filed for bankruptcy but having a pensioned judge ruling on it what they do is stiff all vendors and take retirements off the table. LOL So what is happening, since the judge refused to recuse himself, is citizens are recusing themselves from community. Amounts to same thing. No money.

(its in article above I posted)

 

[Trianon]

I'm sure she is. Good for you. My wife teaches nursing students and may get 80% too someday but anyone looking at this objectively sees it's not a free market, there is some extortion going on, and it's unsustainable. (PS don't bank on it)

+1, I doubt there will be much left to pilfer by the time she is ready to retire

 

[Zebo]

I understand that his wife is in that field and he wants to support her, but maybe he should just recuse himself from this conversation rather than argue the point because it is obviously and completely unsustainable probably even in the best of times, not even mentioning the shitstorm economy we have now with tax revenues plummetting faster than Dave McOwen's latest investment.

We could do it if we had a vibrant private economy pretty easy since it would only be a small percentage of that. At one time private industry employed 90% of our citizens. Today government 'employs' over 70%. e.g. 22 million govt employees, over 40 million families are now dependent on food stamps to eat....50 million dependent on social security...35 million on welfare......over 15 million on unemployment, etc.

Never before in history has so many people been dependent on government spending. It's half of GDP! As production collasped and debt defaults, government has been forced to take over control of 'production' via debt to maintain the functionality of their people they oversee. This is unsustainable. The employees are unsustainable. And SWHTF when we can't borrow no more.

 

[IndyColtsFan]

We could do it if we had a vibrant private economy pretty easy since it would only be a small percentage of that. At one time private industry employed 90% of our citizens. Today government 'employs' over 70%. e.g. 22 million govt employees, over 40 million families are now dependent on food stamps to eat....50 million dependent on social security...35 million on welfare......over 15 million on unemployment, etc.

Correct, but don't mention that in ATPN, because government is a solution for everything according to many here.

 

[Zebo]

Correct, but don't mention that in ATPN, because government is a solution for everything according to many here.

I don't mind social welfare but it should be called workfare, know what I'm sayin? And Gov't needs to promote private economy to exclusion of all else because their life depends on it. If that includes tarriffs we had in place for almost 200 years to protect and grow American industry so be it. I've never understood putting food on Chinese tables instead of our own. Someday we will see what a mistake this has been.

 

[Exterous]

The guy signed the contract so he should get it. They should not be negotiating contracts like this in the future, however.

Agreed. Just add in a part where you can't get your pension if you are employed at another job making over $x per year or some such and it would seem fine to me

 

[bfdd]

250k is the salary of a BP refinery manager, the guy who runs a BP refinery. Sure he probably gets other perks too, but his salary is 250,000 dollars. I do think the amount this guy is making is ridiculous, but at the same time it's not his fault. It just goes to show how inefficient our governments are(various local, state and federal.) There's no reason they should of allowed this.

 

[Darwin333]

Whats the problem here? The state made promises to pay and spent the money they should have had saved for this obligation and now people are complaining the pensions are too high? Fuck that.

So your answer is to have the state go bankrupt so everyone is equally fucked out of unsustainable promises?

 

[Acanthus]

I wonder what the average big city superintendent made in 1940, adjusted for inflation? Back when U.S. public schools produced a good product.

You mean 95% factory workers? We sent all of those jobs overseas.