San Diego Fire Chief retires at 53 with $123K/yr pension for life…

[RichardJamesEsquire]

Where I grew up the fire station was all volunteer. They put on a pancake breakfast once a year to raise money, everyone was there.

Young and naive, I thought SERVING as fireman was some sort of calling, respected in the community, compensated enough to make ends meet, but the compensation would have been the 3nd, 4rd, or 5th reason for choosing the career path.

Today, if I was in her shoes, I’d do the same thing. How times have changed and I’m only 34.

However jaded and cynical I have become, I could never have sat through interview after interview for promotion, spewing about how my subordinates and our city are so important to me, only to go out when it best suit me. I would prefer to retire a lowly captain self-respect intact.

[RichardJamesEsquire]

Her total defined benefit pension (not counting DROP) is not $123,600 annually as the U-T story reported. It’s $123,600 plus four years’ credit, which buys an addition $19,950 annual pension. The total pension (again, not counting DROP) therefore is $143,550 — plus 2% annual COL increases.

According to the Voice of San Diego article, if Jarman decides to pay out her DROP account as a 20 year annuity (guaranteed by taxpayers at 7.75% rate), she will receive annually a $33,344 payment from DROP.

Jarman’s total annual payout first 20 years: $123,600 + $19,950 + $33,344 = $176,894 – more than her $165,000 salary. No WONDER she retired!

The lesson? GET A CITY JOB!
Posted by: Richard Rider, Chairman, San Diego Tax Fighters at May 30, 2009 08:34 AM

http://weblog.signonsandiego.com/weblogs/afb/archives/033917.html

[RichardJamesEsquire]

Her total defined benefit pension (not counting DROP) is not $123,600 annually as the U-T story reported. It’s $123,600 plus four years’ credit, which buys an addition $19,950 annual pension. The total pension (again, not counting DROP) therefore is $143,550 — plus 2% annual COL increases.

According to the Voice of San Diego article, if Jarman decides to pay out her DROP account as a 20 year annuity (guaranteed by taxpayers at 7.75% rate), she will receive annually a $33,344 payment from DROP.

Jarman’s total annual payout first 20 years: $123,600 + $19,950 + $33,344 = $176,894 – more than her $165,000 salary. No WONDER she retired!

The lesson? GET A CITY JOB!
Posted by: Richard Rider, Chairman, San Diego Tax Fighters at May 30, 2009 08:34 AM

http://weblog.signonsandiego.com/weblogs/afb/archives/033917.html

[RichardJamesEsquire]

Her total defined benefit pension (not counting DROP) is not $123,600 annually as the U-T story reported. It’s $123,600 plus four years’ credit, which buys an addition $19,950 annual pension. The total pension (again, not counting DROP) therefore is $143,550 — plus 2% annual COL increases.

According to the Voice of San Diego article, if Jarman decides to pay out her DROP account as a 20 year annuity (guaranteed by taxpayers at 7.75% rate), she will receive annually a $33,344 payment from DROP.

Jarman’s total annual payout first 20 years: $123,600 + $19,950 + $33,344 = $176,894 – more than her $165,000 salary. No WONDER she retired!

The lesson? GET A CITY JOB!
Posted by: Richard Rider, Chairman, San Diego Tax Fighters at May 30, 2009 08:34 AM

http://weblog.signonsandiego.com/weblogs/afb/archives/033917.html

[RichardJamesEsquire]

Her total defined benefit pension (not counting DROP) is not $123,600 annually as the U-T story reported. It’s $123,600 plus four years’ credit, which buys an addition $19,950 annual pension. The total pension (again, not counting DROP) therefore is $143,550 — plus 2% annual COL increases.

According to the Voice of San Diego article, if Jarman decides to pay out her DROP account as a 20 year annuity (guaranteed by taxpayers at 7.75% rate), she will receive annually a $33,344 payment from DROP.

Jarman’s total annual payout first 20 years: $123,600 + $19,950 + $33,344 = $176,894 – more than her $165,000 salary. No WONDER she retired!

The lesson? GET A CITY JOB!
Posted by: Richard Rider, Chairman, San Diego Tax Fighters at May 30, 2009 08:34 AM

http://weblog.signonsandiego.com/weblogs/afb/archives/033917.html

[RichardJamesEsquire]

Her total defined benefit pension (not counting DROP) is not $123,600 annually as the U-T story reported. It’s $123,600 plus four years’ credit, which buys an addition $19,950 annual pension. The total pension (again, not counting DROP) therefore is $143,550 — plus 2% annual COL increases.

According to the Voice of San Diego article, if Jarman decides to pay out her DROP account as a 20 year annuity (guaranteed by taxpayers at 7.75% rate), she will receive annually a $33,344 payment from DROP.

Jarman’s total annual payout first 20 years: $123,600 + $19,950 + $33,344 = $176,894 – more than her $165,000 salary. No WONDER she retired!

The lesson? GET A CITY JOB!
Posted by: Richard Rider, Chairman, San Diego Tax Fighters at May 30, 2009 08:34 AM

http://weblog.signonsandiego.com/weblogs/afb/archives/033917.html

[Coronita]

Personally, I agree with TG on this one. I don’t have a problem paying police/fire more considering their lifestyle and risk they put in, especially police/fire that work in sketchy areas. Beats paying COBOL programmer consultants $100-$200/hr to fix an antiquated CA state payroll system that can’t be fixed, or hiring so many DMV workers and still having to wait in line 3-4 hrs. Also this the fire chief, it’s not a worker bee firefighter.

[Coronita]

Personally, I agree with TG on this one. I don’t have a problem paying police/fire more considering their lifestyle and risk they put in, especially police/fire that work in sketchy areas. Beats paying COBOL programmer consultants $100-$200/hr to fix an antiquated CA state payroll system that can’t be fixed, or hiring so many DMV workers and still having to wait in line 3-4 hrs. Also this the fire chief, it’s not a worker bee firefighter.

[Coronita]

Personally, I agree with TG on this one. I don’t have a problem paying police/fire more considering their lifestyle and risk they put in, especially police/fire that work in sketchy areas. Beats paying COBOL programmer consultants $100-$200/hr to fix an antiquated CA state payroll system that can’t be fixed, or hiring so many DMV workers and still having to wait in line 3-4 hrs. Also this the fire chief, it’s not a worker bee firefighter.

[Coronita]

Personally, I agree with TG on this one. I don’t have a problem paying police/fire more considering their lifestyle and risk they put in, especially police/fire that work in sketchy areas. Beats paying COBOL programmer consultants $100-$200/hr to fix an antiquated CA state payroll system that can’t be fixed, or hiring so many DMV workers and still having to wait in line 3-4 hrs. Also this the fire chief, it’s not a worker bee firefighter.

[Coronita]

Personally, I agree with TG on this one. I don’t have a problem paying police/fire more considering their lifestyle and risk they put in, especially police/fire that work in sketchy areas. Beats paying COBOL programmer consultants $100-$200/hr to fix an antiquated CA state payroll system that can’t be fixed, or hiring so many DMV workers and still having to wait in line 3-4 hrs. Also this the fire chief, it’s not a worker bee firefighter.

[DWCAP]

You can say this or say that, but it is a totally messedup system if we pay our public employees more to retire than to work. Doesnt everyone hate the CEO’s who fail golden parashutes? Well those parashutes are voted for by the board which is controlled by the share holders. Enough share holders vote against this kinda stuff and it stops. Well you are a voter here, you are a shareholder in Sd fire. Vote against it. If it isnt good for the private sector, it isnt good for the public one either.

And I would consider the mayor to be CEO of San diego corp. Fire chief in my mind would be more like a VP or department director.

[DWCAP]

You can say this or say that, but it is a totally messedup system if we pay our public employees more to retire than to work. Doesnt everyone hate the CEO’s who fail golden parashutes? Well those parashutes are voted for by the board which is controlled by the share holders. Enough share holders vote against this kinda stuff and it stops. Well you are a voter here, you are a shareholder in Sd fire. Vote against it. If it isnt good for the private sector, it isnt good for the public one either.

And I would consider the mayor to be CEO of San diego corp. Fire chief in my mind would be more like a VP or department director.

[DWCAP]

You can say this or say that, but it is a totally messedup system if we pay our public employees more to retire than to work. Doesnt everyone hate the CEO’s who fail golden parashutes? Well those parashutes are voted for by the board which is controlled by the share holders. Enough share holders vote against this kinda stuff and it stops. Well you are a voter here, you are a shareholder in Sd fire. Vote against it. If it isnt good for the private sector, it isnt good for the public one either.

And I would consider the mayor to be CEO of San diego corp. Fire chief in my mind would be more like a VP or department director.

[DWCAP]

You can say this or say that, but it is a totally messedup system if we pay our public employees more to retire than to work. Doesnt everyone hate the CEO’s who fail golden parashutes? Well those parashutes are voted for by the board which is controlled by the share holders. Enough share holders vote against this kinda stuff and it stops. Well you are a voter here, you are a shareholder in Sd fire. Vote against it. If it isnt good for the private sector, it isnt good for the public one either.

And I would consider the mayor to be CEO of San diego corp. Fire chief in my mind would be more like a VP or department director.

[Author]

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