*** Another Featured Newsbite ***
~ ~ ~
Legislators in dozens of states have crafted retirement
perks that are even more generous than those of their government employees.
Illinois residents recently got a glimpse of the double
standard at work when they learned how former Chicago Mayor Richard M. Daley
had gamed the system.
According to the Chicago Tribune, Mr. Daley hit the
jackpot using an obscure loophole in Illinois pension law. As a former
assemblyman, he is allowed by the retirement plan to collect both a legislative
and mayoral pension. What's more, while mayor he was allowed to re-enter the
state legislature's pension system for a month so that his legislative pension
would ultimately be based not on his small legislative salary of $17,500, but
on the much larger salary he earned as mayor.
The result: He now collects an additional $50,000 a year
in retirement pay.
* AN ADDITIONAL $50,000! DALEY'S TOTAL GOVERNMENT
RETIREMENT PACKAGE IS WORTH $183,000 PER YEAR...!!!
Elected officials in dozens of states enjoy similarly
generous deals. In Arizona, Florida and Kentucky, for instance, the pensions of
legislators are calculated with a more generous "multiplier" than
those of regular employees. (The "multiplier" is used in the equation
that translates a worker's years of service into the percentage of his final
salary that he will receive as retirement pay—the longer one works, the larger
the percentage.)
In Arizona, the multiplier for all current legislators is
four, or nearly twice that of ordinary government workers. The Arizona Republic
newspaper estimates that a lawmaker retiring after 20 years with a $100,000
salary would receive a pension of $80,000 annually, while a state worker would
garner $43,000 for the same years of work. (Legislation last year lowered the
multiplier for new lawmakers to three — still a premium over other workers).
* THESE PEOPLE SHOULD BE KILLED...!!! THEY SHOULD BE
STONED TO DEATH...!!!
Lawmakers in some states also enrich themselves by basing
pension calculations on something other than salary. This is particularly
common in states with part-time legislatures that pay low salaries. Raising salaries
or making legislators full-time isn't politically popular, so lawmakers instead
arrange the pension system to provide greater benefits in retirement.
In Texas, a lawmaker's pension is figured not from his
final salary but from the average salary of the state's judges.
* YOU SCUMBAGS...!!!
Last year, USA Today reported on long-serving Texas Rep.
Tom Craddick, who despite his part-time legislator's salary of $7,200 is
guaranteed a yearly pension of $125,000.
* AGAIN... PUT A BULLET IN THIS BASTARD'S BRAIN. THAT'S
THE ONLY ANSWER! (NOTE... I'M RANTING - NOT THREATENING...)
Another trick in more than a dozen states: Calculate
pensions based not only on salary but on expenses, too. In some cases,
legislators don't even have to verify their expenses by filing receipts. They
are simply granted per diems that automatically get piled on top of their final
salary.
(*GNASHING MY TEETH*)
In Minnesota, per diems range from $77 for
representatives to $86 for senators throughout a 140-day legislative session,
according to the St. Cloud Times. That increases legislators' pay by nearly
one-fourth.
* SCUMBAGS...
USA Today detailed the case of South Carolina state Sen.
David Thomas, whose $32,390 pension was triple his part-time legislator's
salary of $10,400 — thanks to the Palmetto State allowing lawmakers to boost
their retirement pay by adding expenses on top of their salaries.
(The law also allows legislators to collect pensions while
still in office. Gov. Nikki Haley, who served five years in South Carolina's
House of Representatives, hasn't yet made good on her promise to reduce the
cost of legislators' retirement plans.)
* SHAME ON HALEY...!
Then there's double-dipping, or legislators collecting
two checks from government (which other government employees are barred from
doing). Some 20 states allow government workers, if elected to office, to
retire from their previous jobs and start collecting pensions while also
collecting their legislative salaries. This year the Sunday Telegram in
Worcester, MA., described the case of state Sen. Michael O. Moore, who earns
$75,845 annually as a legislator and $28,840 in state pension payments for
having retired as an assistant deputy jail superintendent.
* WELL... AT LEAST THE JAIL JOB WAS A "REAL"
JOB.
In New Jersey, elected officials can start collecting
their lawmakers' pension once they qualify for it (based on a complex system of
accumulating so-called retirement credits), yet stay in office and also garner
a salary.
* SAME FRIGGIN' SCAM IN NEW YORK! BOTH MY STATE LEGISLATORS
ARE DOUBLE-DIPPERS! FRANKLY I'D LIKE TO SEE 'EM BOTH DEAD - IF ONLY TO SAVE
TAXPAYERS MONEY!
(*WINK*) (*GRIN*)
One New Jersey state senator, Loretta Weinberg, justified
taking a $36,000 pension while still collecting a $49,000 salary on grounds
that she had lost money in the Bernie Madoff scandal. Despite taxpayer anger
after press reports of her dual incomes, Ms. Weinberg's colleagues elected her
majority leader in November 2011.
* SICK... SICK... SICK... SICK... BASTARDS!
Although New Jersey passed pension reform for government
employees last year, the law did little to restrict legislative prerogatives.
The online site New Jersey Watchdog recently reported on a triple-dipper: state
Sen. Fredrick Madden Jr., who earns a $49,000 salary as a senator, a $106,983
salary as a police academy dean, and an $85,272 annual pension as a retired
police officer.
* WHY DOES "POLICY ACADEMY DEAN" PAY A SALARY
AT ALL...?!?!
Given all these advantages, it's not surprising that
legislators have been slow to change their states' pension systems. Politically
powerful government unions play a major role in keeping state and local pension
systems expensive, but legislators often have an even greater interest in the
current system — their own generous retirement packages.
* GUNS... AMMO... TRAINING... TARGET PRACTICE...
No comments:
Post a Comment