[quote=temeculaguy]I could bore you to death with the reality of pensions and how they are calculated, but this is a fact. There are 368 people retired from sd county making $8,300 or more per month in pension benefits. There are 36,000 members, so 1% have pensions of 100k or more.
This is the second largest county in the state and the 5th largest in the united states, over 3 million people, and the thousands of blogs and posts are about 368 people. Let’s just keep some perspective. So before you assume that evey run of the mill government employee gets some fantastic deal, get the facts, they are probably just as out of touch as the perception that all realtors make 6 figures.
I am not protecting myself, I’m not one of the 368, but I’m also not an NBA player or a CEO, some have more than me and some have less. You just happen to run into some who had more, that doesn’t mean they all do. In fact the average gov’t pension in san diego county is $28,284 per year. But it’s more fun to scream about the rare exceptions.[/quote]
Thanks for this post, TG. The above (bolded) is the average pension for a “Tier A” employee. Tier I/II employees average far less. (Likely, only a small percentage of current retirees who are in the original “Tier I” group [began employment prior to 1978 and retired prior to 3/02] are still alive.) The ones that are are no doubt eligible for Medicare.
You failed to clarify that the 36,000 SDCERA “members” include active employees as well. That number represents about 1/2 active employees and 1/2 retired employees. There are likely 6-12 deaths per month among the retired employees.
SDCERA is just a small microcosm of ONE public subdivision within the State of CA. Each of the 58 counties and hundreds of and municipalities’ retirement systems have their own nuances within their own respective retirement systems. 37 counties are “reciprocal” to each other, meaning an employee can transfer service credits between “reciprocal” counties in CA.
It is refreshing to read a post from a Pigg who knows what they’re talking about :=]
