Public workers' time-buying costs states – USATODAY.com
Dan Pellissier, a former adviser to California's previous governor, Republican Arnold Schwarzenegger, paid $75,000 in 2004 for five years of work credit.
When he turns 55 in 2015, he will get a California pension of $61,536 a year — nearly $13,000 more than if he hadn't bought air time.
That's $320,000 extra by the time he is 80.
"They give away the store here," says Pellissier, now president of California Pension Reform, which is pushing to cut state retirement costs.
Friday, January 06, 2012
After Receiving Bailout, GM May Move Volt Production to China
After Receiving Bailout, GM May Move Volt Production to China - Yahoo! News
But, as mentioned in the above, what has some people truly upset is the fact that Girsky hinted that the Volt could eventually be built in China.
“If we localize, eventually it won’t have a tariff and it will get the subsidy.
We have made no decision on if, when or where we build Volt in the future,” Girsky said.
But, as mentioned in the above, what has some people truly upset is the fact that Girsky hinted that the Volt could eventually be built in China.
“If we localize, eventually it won’t have a tariff and it will get the subsidy.
We have made no decision on if, when or where we build Volt in the future,” Girsky said.
Admin. plans change in immigration rule
My Way News - AP source: Admin. plans change in immigration rule
The waiver shift is the latest move by President Barack Obama to make changes to immigration policy without congressional action.
The waiver shift is the latest move by President Barack Obama to make changes to immigration policy without congressional action.
Thursday, January 05, 2012
Virginia School Accused Of Making Students Perform Pro-Occupy Song
Virginia School Accused Of Making Students Perform Pro-Occupy Song « CBS Washington
As part of the regular Kid Pan Alley activities, children are asked about the topics of songs they want to write and sing about.
In October, one of the children participating in the activities at Woodbrook Elementary School mentioned that he wanted to write about “having it all and losing it all,”
As part of the regular Kid Pan Alley activities, children are asked about the topics of songs they want to write and sing about.
In October, one of the children participating in the activities at Woodbrook Elementary School mentioned that he wanted to write about “having it all and losing it all,”
2011 MichiganVotes.org Roll Call Highlights
2011 MichiganVotes.org Roll Call Highlights [Michigan Capitol Confidential]
MichiganVotes.org sends a weekly report to newspapers and TV stations around the state showing how state legislators in their service area voted on the most important or interesting bills of the past week.
This final report of 2011 instead contains votes on a few of the most impactful laws passed during the year.
MichiganVotes.org sends a weekly report to newspapers and TV stations around the state showing how state legislators in their service area voted on the most important or interesting bills of the past week.
This final report of 2011 instead contains votes on a few of the most impactful laws passed during the year.
Wednesday, January 04, 2012
"If your average homeless person spent 30 to 40 dollars a month on a gym membership, they could shave and shower..."
Althouse: "If your average homeless person spent 30 to 40 dollars a month on a gym membership, they could shave and shower..."
"If your average homeless person spent 30 to 40 dollars a month on a gym membership, they could shave and shower... keep warm for most of the day, maybe stay fit and like they'd have a good opportunity to look at jobs," said a law student, who chose to go homeless to make life more challenging.
"If your average homeless person spent 30 to 40 dollars a month on a gym membership, they could shave and shower... keep warm for most of the day, maybe stay fit and like they'd have a good opportunity to look at jobs," said a law student, who chose to go homeless to make life more challenging.
Happy New Year suckers, pay up: Your share of public pension crisis now $424,500
COMMENTARY: Happy New Year suckers, pay up: Your share of public pension crisis now $424,500
Here is a New Year’s resolution every American private sector worker must keep no matter what:
Write a check for $14,150 Jan. 1 to make up for state and municipal pension shortfalls.
Prepare to write one every year for 30 years.
This is on top of all other taxes and fees governments at all levels gouge from us.
Here is a New Year’s resolution every American private sector worker must keep no matter what:
Write a check for $14,150 Jan. 1 to make up for state and municipal pension shortfalls.
Prepare to write one every year for 30 years.
This is on top of all other taxes and fees governments at all levels gouge from us.
Public Pension Term: “Airtime”
Public Pension Term: “Airtime”
This time, let’s look at the popular benefit of “buying airtime”:
Government workers in 21 states are using an obscure perk to retire early or to boost their annual pensions by thousands of dollars, which can cost taxpayers millions more in payments to retirement funds, a USA TODAY analysis shows.
The practice, called buying “air time,” lets state, municipal and school employees pay to add up to five years to their work history so they are eligible to retire and collect a lifetime pension.
Workers already eligible for retirement can buy extra years to boost a pension by up to 25%.
It’s called “air time” because workers buy credit for non-existent work, in contrast to policies that let workers buy credit for military service or government jobs in a different state.
This perk is only obscure to the general taxpaying public.
You bet your bippy it is well-known to the public employees in the 21 states that have some form of it.
This time, let’s look at the popular benefit of “buying airtime”:
Government workers in 21 states are using an obscure perk to retire early or to boost their annual pensions by thousands of dollars, which can cost taxpayers millions more in payments to retirement funds, a USA TODAY analysis shows.
The practice, called buying “air time,” lets state, municipal and school employees pay to add up to five years to their work history so they are eligible to retire and collect a lifetime pension.
Workers already eligible for retirement can buy extra years to boost a pension by up to 25%.
It’s called “air time” because workers buy credit for non-existent work, in contrast to policies that let workers buy credit for military service or government jobs in a different state.
This perk is only obscure to the general taxpaying public.
You bet your bippy it is well-known to the public employees in the 21 states that have some form of it.
Why Public Pensions Are So Rich
Andrew Biggs and Jason Richwine: Why Public Pensions Are So Rich - WSJ.com
"....the average teacher who retires today after 30 to 34 years of service had final earnings of $84,466 and collects a pension of $60,756 a year, plus annual cost-of-living adjustments, providing an income higher than 95% of retirees in Illinois"
"....the average teacher who retires today after 30 to 34 years of service had final earnings of $84,466 and collects a pension of $60,756 a year, plus annual cost-of-living adjustments, providing an income higher than 95% of retirees in Illinois"
Chevy Volt misses first-year sales target
The company reported today that it sold 7,671 Chevy Volts in 2011
"D'olt!"
Tuesday, January 03, 2012
The Coming Collapse of China
The Coming Collapse of China: 2012 Edition- By Gordon G. Chang Foreign Policy
Since late September, economic indicators -- electricity consumption, industrial orders, export growth, car sales, property prices, you name it -- are pointing toward either a flatlining or contracting economy.
Money started to leave the country in October, and Beijing's foreign reserves have been shrinking since September
Since late September, economic indicators -- electricity consumption, industrial orders, export growth, car sales, property prices, you name it -- are pointing toward either a flatlining or contracting economy.
Money started to leave the country in October, and Beijing's foreign reserves have been shrinking since September
MOMENT OF CLARITY: Downward Wisconsin
MOMENT OF CLARITY: Downward Wisconsin
We used to make things here in Wisconsin.
We used to make things here in Wisconsin.
Americans Elect: Obama's Third-Party Tar Pit
Articles: Americans Elect: Obama's Third-Party Tar Pit
After qualifying for the ballot in all 50 states, Americans Elect will seek a candidate who will be tasked with grabbing a large portion of the independent, unaffiliated American middle and soft center-right, thereby tossing an otherwise lost cause to Obama.
It is that simple.
"Americans Elect" remember the name and be forewarned!
After qualifying for the ballot in all 50 states, Americans Elect will seek a candidate who will be tasked with grabbing a large portion of the independent, unaffiliated American middle and soft center-right, thereby tossing an otherwise lost cause to Obama.
It is that simple.
"Americans Elect" remember the name and be forewarned!
Rasmussen: Dem party affiliation at all-time low
Rasmussen: Dem party affiliation at all-time low « Hot Air
The real story in this survey, though, is the growing gap between Republicans and Democrats.
The margin in December was 2.7%, the widest margin for all of 2011. Just three years ago, as Barack Obama took office, Democrats had an eight-point edge in affiliation, 41/33.
The new level for Republican affiliation breaks out of the long-held 31-34% range for Republicans.
Not running TO the GOPers.
Running away from Obamanation.
The real story in this survey, though, is the growing gap between Republicans and Democrats.
The margin in December was 2.7%, the widest margin for all of 2011. Just three years ago, as Barack Obama took office, Democrats had an eight-point edge in affiliation, 41/33.
The new level for Republican affiliation breaks out of the long-held 31-34% range for Republicans.
Not running TO the GOPers.
Running away from Obamanation.
Subscribe to:
Comments (Atom)