Posted on Feb 21, 2018
Retired NYC sanitation worker makes $285K a year from pension
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Posted 7 y ago
Responses: 8
COL Mikel J. Burroughs SFC Joe S. Davis Jr., MSM, DSLSMSgt Minister Gerald A. "Doc" ThomasLTC Stephen F.SGT David A. 'Cowboy' GrothSFC George SmithCPT Jack DurishSSG James J. Palmer IV aka "JP4"PO1 William "Chip" NagelTSgt Joe C.SP5 Mark KuzinskiMaj Marty Hogan MSG (Join to see) SSgt (Join to see) LTC Stephen C. LTC (Join to see) Capt Seid Waddell Sgt Aaron Kennedy, MS
Yes it's a matter of what is needed to be done but ultimately for allowing it to happen lies on the responsibility of management. Actually the bigger picture is that public agencies have been cutting back and freezing vacancies for years now. I am retired from one and I currently work for another so I know. The logic of the agency executives is that get the same amount of work or more done with less staff. We just received a newsletter from our City Manager yesterday basically saying that to all of us managers. Basic Math although if you have 500 employees working for an agency and you cut back 10% so now you have 450 employees however the work has not decreased. But the common theme is that's 50 less employees to pay out pensions and health care in retirement. So bingo others work tremendous amount of over time to cover which most of it is probably unproductive again that's a management problem if so.
Peace!
Yes it's a matter of what is needed to be done but ultimately for allowing it to happen lies on the responsibility of management. Actually the bigger picture is that public agencies have been cutting back and freezing vacancies for years now. I am retired from one and I currently work for another so I know. The logic of the agency executives is that get the same amount of work or more done with less staff. We just received a newsletter from our City Manager yesterday basically saying that to all of us managers. Basic Math although if you have 500 employees working for an agency and you cut back 10% so now you have 450 employees however the work has not decreased. But the common theme is that's 50 less employees to pay out pensions and health care in retirement. So bingo others work tremendous amount of over time to cover which most of it is probably unproductive again that's a management problem if so.
Peace!
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This is EXACTLY why liberal city pension funds are "trash" and liberally governed cities in general are in big trouble. Even a 4-star flag officer in our Military doesn't get this much in a retirement pension after 30+ years of far more dangerous service.
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Union contracts include wages, health insurance and pension plan. Contract negotiations determine what each job classification is worth, and assign an hourly rate, let's say $50 an hour. Of that, a part is "on the clock," the actual pay for the employee. The other two segments are deposited in their separate accounts, that are administered by, it is hoped, competent professionals. Pensions, therefore, are in fact, deferred wages. set aside for retirement....Hey, the guy worked for sixty years, of course he'll have a huge pension. But how long will he be collecting it? I'm glad the article notes that the average pension isn't getting nearly that much.....
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