The city that outsourced everything

[SK in CV]

[quote=GH]Every time I post about public unions a host of you jump on the “killing the middle class” bandwagon, but it is clear the San Diego Pension Managers apart from violating State and Federal law by failing to fund their pensions when benefits were increased have gambled away the bulk of the money on bad investments.

[/quote]

Pension managers don’t fund the pensions. Employers do.

[paramount]

[quote=CA renter][quote=paramount][quote=CA renter]

We won’t even get into the details of the taxpayer-funded physical, legal, and social infrastructure that enables everyone else to focus on work instead of having to focus on survival. [/quote]

Apparently you don’t work in the private sector.[/quote]

I’ve worked in both the public and private sectors, and currently manage our investments (don’t work for anyone else). How about you? What is your experience in these sectors, and what is your frame of reference?[/quote]

My frame of reference is survival, and as a private sector employee I know plenty about that. Over the last 2-1/2 years I *survived* about 15 rounds of layoffs. That’s my frame of reference.

[paramount]

[quote=CA renter][quote=paramount][quote=CA renter]

We won’t even get into the details of the taxpayer-funded physical, legal, and social infrastructure that enables everyone else to focus on work instead of having to focus on survival. [/quote]

Apparently you don’t work in the private sector.[/quote]

I’ve worked in both the public and private sectors, and currently manage our investments (don’t work for anyone else). How about you? What is your experience in these sectors, and what is your frame of reference?[/quote]

My frame of reference is survival, and as a private sector employee I know plenty about that. Over the last 2-1/2 years I *survived* about 15 rounds of layoffs. That’s my frame of reference.

[paramount]

[quote=CA renter][quote=paramount][quote=CA renter]

We won’t even get into the details of the taxpayer-funded physical, legal, and social infrastructure that enables everyone else to focus on work instead of having to focus on survival. [/quote]

Apparently you don’t work in the private sector.[/quote]

I’ve worked in both the public and private sectors, and currently manage our investments (don’t work for anyone else). How about you? What is your experience in these sectors, and what is your frame of reference?[/quote]

My frame of reference is survival, and as a private sector employee I know plenty about that. Over the last 2-1/2 years I *survived* about 15 rounds of layoffs. That’s my frame of reference.

[paramount]

[quote=CA renter][quote=paramount][quote=CA renter]

We won’t even get into the details of the taxpayer-funded physical, legal, and social infrastructure that enables everyone else to focus on work instead of having to focus on survival. [/quote]

Apparently you don’t work in the private sector.[/quote]

I’ve worked in both the public and private sectors, and currently manage our investments (don’t work for anyone else). How about you? What is your experience in these sectors, and what is your frame of reference?[/quote]

My frame of reference is survival, and as a private sector employee I know plenty about that. Over the last 2-1/2 years I *survived* about 15 rounds of layoffs. That’s my frame of reference.

[paramount]

[quote=CA renter][quote=paramount][quote=CA renter]

We won’t even get into the details of the taxpayer-funded physical, legal, and social infrastructure that enables everyone else to focus on work instead of having to focus on survival. [/quote]

Apparently you don’t work in the private sector.[/quote]

I’ve worked in both the public and private sectors, and currently manage our investments (don’t work for anyone else). How about you? What is your experience in these sectors, and what is your frame of reference?[/quote]

My frame of reference is survival, and as a private sector employee I know plenty about that. Over the last 2-1/2 years I *survived* about 15 rounds of layoffs. That’s my frame of reference.

[UCGal]

[quote=paramount][quote=CA renter][quote=paramount][quote=CA renter]

We won’t even get into the details of the taxpayer-funded physical, legal, and social infrastructure that enables everyone else to focus on work instead of having to focus on survival. [/quote]

Apparently you don’t work in the private sector.[/quote]

I’ve worked in both the public and private sectors, and currently manage our investments (don’t work for anyone else). How about you? What is your experience in these sectors, and what is your frame of reference?[/quote]

My frame of reference is survival, and as a private sector employee I know plenty about that. Over the last 2-1/2 years I *survived* about 15 rounds of layoffs. That’s my frame of reference.[/quote]

Paramount:
Like you, I’ve survived a series of deep cuts/layoffs for my private sector employer going back almost a decade. My employer has “leveraged their synergies” to “unlease their core competancy” which is laying people off. All while paying the CEO(s) handsomely.

In that same timeframe they froze the employee pension. Then they underfunded that frozen pension. (Just got the latest statement – it’s funded at 76% of the value needed.)

Rather than being jealous of public employees, because they still have pensions, I am jealous of what I used to have… an employer who funded their pension, grew their business and paid themselves a reasonable compensation. Now I have a CEO who’s paid enough to land in the most highly compensated CEO lists, all while losing money, laying off employees, freezing the pension, and underfunding the frozen pension. I miss the old private sector days.

I think targeting your anger towards public union employees is missing the point. The public employee worker bees are not the problem. Until 10-15 years ago private employers offered similar benefits to private sector, non-union, employees.

[UCGal]

[quote=paramount][quote=CA renter][quote=paramount][quote=CA renter]

We won’t even get into the details of the taxpayer-funded physical, legal, and social infrastructure that enables everyone else to focus on work instead of having to focus on survival. [/quote]

Apparently you don’t work in the private sector.[/quote]

I’ve worked in both the public and private sectors, and currently manage our investments (don’t work for anyone else). How about you? What is your experience in these sectors, and what is your frame of reference?[/quote]

My frame of reference is survival, and as a private sector employee I know plenty about that. Over the last 2-1/2 years I *survived* about 15 rounds of layoffs. That’s my frame of reference.[/quote]

Paramount:
Like you, I’ve survived a series of deep cuts/layoffs for my private sector employer going back almost a decade. My employer has “leveraged their synergies” to “unlease their core competancy” which is laying people off. All while paying the CEO(s) handsomely.

In that same timeframe they froze the employee pension. Then they underfunded that frozen pension. (Just got the latest statement – it’s funded at 76% of the value needed.)

Rather than being jealous of public employees, because they still have pensions, I am jealous of what I used to have… an employer who funded their pension, grew their business and paid themselves a reasonable compensation. Now I have a CEO who’s paid enough to land in the most highly compensated CEO lists, all while losing money, laying off employees, freezing the pension, and underfunding the frozen pension. I miss the old private sector days.

I think targeting your anger towards public union employees is missing the point. The public employee worker bees are not the problem. Until 10-15 years ago private employers offered similar benefits to private sector, non-union, employees.

[UCGal]

[quote=paramount][quote=CA renter][quote=paramount][quote=CA renter]

We won’t even get into the details of the taxpayer-funded physical, legal, and social infrastructure that enables everyone else to focus on work instead of having to focus on survival. [/quote]

Apparently you don’t work in the private sector.[/quote]

I’ve worked in both the public and private sectors, and currently manage our investments (don’t work for anyone else). How about you? What is your experience in these sectors, and what is your frame of reference?[/quote]

My frame of reference is survival, and as a private sector employee I know plenty about that. Over the last 2-1/2 years I *survived* about 15 rounds of layoffs. That’s my frame of reference.[/quote]

Paramount:
Like you, I’ve survived a series of deep cuts/layoffs for my private sector employer going back almost a decade. My employer has “leveraged their synergies” to “unlease their core competancy” which is laying people off. All while paying the CEO(s) handsomely.

In that same timeframe they froze the employee pension. Then they underfunded that frozen pension. (Just got the latest statement – it’s funded at 76% of the value needed.)

Rather than being jealous of public employees, because they still have pensions, I am jealous of what I used to have… an employer who funded their pension, grew their business and paid themselves a reasonable compensation. Now I have a CEO who’s paid enough to land in the most highly compensated CEO lists, all while losing money, laying off employees, freezing the pension, and underfunding the frozen pension. I miss the old private sector days.

I think targeting your anger towards public union employees is missing the point. The public employee worker bees are not the problem. Until 10-15 years ago private employers offered similar benefits to private sector, non-union, employees.

[UCGal]

[quote=paramount][quote=CA renter][quote=paramount][quote=CA renter]

We won’t even get into the details of the taxpayer-funded physical, legal, and social infrastructure that enables everyone else to focus on work instead of having to focus on survival. [/quote]

Apparently you don’t work in the private sector.[/quote]

I’ve worked in both the public and private sectors, and currently manage our investments (don’t work for anyone else). How about you? What is your experience in these sectors, and what is your frame of reference?[/quote]

My frame of reference is survival, and as a private sector employee I know plenty about that. Over the last 2-1/2 years I *survived* about 15 rounds of layoffs. That’s my frame of reference.[/quote]

Paramount:
Like you, I’ve survived a series of deep cuts/layoffs for my private sector employer going back almost a decade. My employer has “leveraged their synergies” to “unlease their core competancy” which is laying people off. All while paying the CEO(s) handsomely.

In that same timeframe they froze the employee pension. Then they underfunded that frozen pension. (Just got the latest statement – it’s funded at 76% of the value needed.)

Rather than being jealous of public employees, because they still have pensions, I am jealous of what I used to have… an employer who funded their pension, grew their business and paid themselves a reasonable compensation. Now I have a CEO who’s paid enough to land in the most highly compensated CEO lists, all while losing money, laying off employees, freezing the pension, and underfunding the frozen pension. I miss the old private sector days.

I think targeting your anger towards public union employees is missing the point. The public employee worker bees are not the problem. Until 10-15 years ago private employers offered similar benefits to private sector, non-union, employees.

[UCGal]

[quote=paramount][quote=CA renter][quote=paramount][quote=CA renter]

We won’t even get into the details of the taxpayer-funded physical, legal, and social infrastructure that enables everyone else to focus on work instead of having to focus on survival. [/quote]

Apparently you don’t work in the private sector.[/quote]

I’ve worked in both the public and private sectors, and currently manage our investments (don’t work for anyone else). How about you? What is your experience in these sectors, and what is your frame of reference?[/quote]

My frame of reference is survival, and as a private sector employee I know plenty about that. Over the last 2-1/2 years I *survived* about 15 rounds of layoffs. That’s my frame of reference.[/quote]

Paramount:
Like you, I’ve survived a series of deep cuts/layoffs for my private sector employer going back almost a decade. My employer has “leveraged their synergies” to “unlease their core competancy” which is laying people off. All while paying the CEO(s) handsomely.

In that same timeframe they froze the employee pension. Then they underfunded that frozen pension. (Just got the latest statement – it’s funded at 76% of the value needed.)

Rather than being jealous of public employees, because they still have pensions, I am jealous of what I used to have… an employer who funded their pension, grew their business and paid themselves a reasonable compensation. Now I have a CEO who’s paid enough to land in the most highly compensated CEO lists, all while losing money, laying off employees, freezing the pension, and underfunding the frozen pension. I miss the old private sector days.

I think targeting your anger towards public union employees is missing the point. The public employee worker bees are not the problem. Until 10-15 years ago private employers offered similar benefits to private sector, non-union, employees.

[GH]

[quote=SK in CV][quote=GH]Every time I post about public unions a host of you jump on the “killing the middle class” bandwagon, but it is clear the San Diego Pension Managers apart from violating State and Federal law by failing to fund their pensions when benefits were increased have gambled away the bulk of the money on bad investments.

[/quote]

Pension managers don’t fund the pensions. Employers do.[/quote]

Pension managers DO “manage” pensions. At least here in San Diego, the pension is not funded – promised, but NOT funded sufficiently. This seems like the act of a debtor charging away debt and hoping to “somehow” come up with the money later.

[GH]

[quote=SK in CV][quote=GH]Every time I post about public unions a host of you jump on the “killing the middle class” bandwagon, but it is clear the San Diego Pension Managers apart from violating State and Federal law by failing to fund their pensions when benefits were increased have gambled away the bulk of the money on bad investments.

[/quote]

Pension managers don’t fund the pensions. Employers do.[/quote]

Pension managers DO “manage” pensions. At least here in San Diego, the pension is not funded – promised, but NOT funded sufficiently. This seems like the act of a debtor charging away debt and hoping to “somehow” come up with the money later.

[GH]

[quote=SK in CV][quote=GH]Every time I post about public unions a host of you jump on the “killing the middle class” bandwagon, but it is clear the San Diego Pension Managers apart from violating State and Federal law by failing to fund their pensions when benefits were increased have gambled away the bulk of the money on bad investments.

[/quote]

Pension managers don’t fund the pensions. Employers do.[/quote]

Pension managers DO “manage” pensions. At least here in San Diego, the pension is not funded – promised, but NOT funded sufficiently. This seems like the act of a debtor charging away debt and hoping to “somehow” come up with the money later.

[GH]

[quote=SK in CV][quote=GH]Every time I post about public unions a host of you jump on the “killing the middle class” bandwagon, but it is clear the San Diego Pension Managers apart from violating State and Federal law by failing to fund their pensions when benefits were increased have gambled away the bulk of the money on bad investments.

[/quote]

Pension managers don’t fund the pensions. Employers do.[/quote]

Pension managers DO “manage” pensions. At least here in San Diego, the pension is not funded – promised, but NOT funded sufficiently. This seems like the act of a debtor charging away debt and hoping to “somehow” come up with the money later.

[Author]

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