Home › Forums › Financial Markets/Economics › Top 20 pensioners cite city service
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August 25, 2010 at 1:22 AM #596886August 25, 2010 at 12:12 PM #596091KSMountainParticipant
[quote=pjwal][quote=KSMountain]Here’s the bio for the current CIO of Atlanta.
This will give you some idea of the kind of person we’re talking about:
http://www.atlantaga.gov/government/it/bio.aspx%5B/quote%5D
Completely unimpressive. I worked for years in the Healthcare tech field for one of the few tech startups that actually experienced some success. My experience taught me that they are the industry closest to the government in their ineptitude with technology. So it’s a good fit for Atlanta and a great move for Dan Smith, who is no doubt thinking about retirement.[/quote]
I looked for the part that said he spent most of his time fixing printers. I didn’t see it. I see a guy with a masters from Georgia Tech and a long career managing projects and people.Yeah his bio is not my cup of tea, but clearly he looks like a pretty common exec. In the private sector he’d quite likely be senior enough to get stock options, perhaps a lot of them. From his (or similar folks) point of view, they should be thinking, “How am I going to provide for my retirement?”. In the private sector you have 401k’s/stock options, in the public sector, a pension would be part of your calculations when deciding whether (and how long) to work there.
35 years is a LONG time. I don’t begrudge the folks having a retirement, especially if they had nothing to do with the terms of the pensions they receive. Again, they don’t have the 401k or stock option opportunities that some of us have.
Now, regarding the folks who actually set up these unsustainable pension benefits, especially if it benefited themselves, yes, I have a big problem with them.
August 25, 2010 at 12:12 PM #596184KSMountainParticipant[quote=pjwal][quote=KSMountain]Here’s the bio for the current CIO of Atlanta.
This will give you some idea of the kind of person we’re talking about:
http://www.atlantaga.gov/government/it/bio.aspx%5B/quote%5D
Completely unimpressive. I worked for years in the Healthcare tech field for one of the few tech startups that actually experienced some success. My experience taught me that they are the industry closest to the government in their ineptitude with technology. So it’s a good fit for Atlanta and a great move for Dan Smith, who is no doubt thinking about retirement.[/quote]
I looked for the part that said he spent most of his time fixing printers. I didn’t see it. I see a guy with a masters from Georgia Tech and a long career managing projects and people.Yeah his bio is not my cup of tea, but clearly he looks like a pretty common exec. In the private sector he’d quite likely be senior enough to get stock options, perhaps a lot of them. From his (or similar folks) point of view, they should be thinking, “How am I going to provide for my retirement?”. In the private sector you have 401k’s/stock options, in the public sector, a pension would be part of your calculations when deciding whether (and how long) to work there.
35 years is a LONG time. I don’t begrudge the folks having a retirement, especially if they had nothing to do with the terms of the pensions they receive. Again, they don’t have the 401k or stock option opportunities that some of us have.
Now, regarding the folks who actually set up these unsustainable pension benefits, especially if it benefited themselves, yes, I have a big problem with them.
August 25, 2010 at 12:12 PM #596723KSMountainParticipant[quote=pjwal][quote=KSMountain]Here’s the bio for the current CIO of Atlanta.
This will give you some idea of the kind of person we’re talking about:
http://www.atlantaga.gov/government/it/bio.aspx%5B/quote%5D
Completely unimpressive. I worked for years in the Healthcare tech field for one of the few tech startups that actually experienced some success. My experience taught me that they are the industry closest to the government in their ineptitude with technology. So it’s a good fit for Atlanta and a great move for Dan Smith, who is no doubt thinking about retirement.[/quote]
I looked for the part that said he spent most of his time fixing printers. I didn’t see it. I see a guy with a masters from Georgia Tech and a long career managing projects and people.Yeah his bio is not my cup of tea, but clearly he looks like a pretty common exec. In the private sector he’d quite likely be senior enough to get stock options, perhaps a lot of them. From his (or similar folks) point of view, they should be thinking, “How am I going to provide for my retirement?”. In the private sector you have 401k’s/stock options, in the public sector, a pension would be part of your calculations when deciding whether (and how long) to work there.
35 years is a LONG time. I don’t begrudge the folks having a retirement, especially if they had nothing to do with the terms of the pensions they receive. Again, they don’t have the 401k or stock option opportunities that some of us have.
Now, regarding the folks who actually set up these unsustainable pension benefits, especially if it benefited themselves, yes, I have a big problem with them.
August 25, 2010 at 12:12 PM #596832KSMountainParticipant[quote=pjwal][quote=KSMountain]Here’s the bio for the current CIO of Atlanta.
This will give you some idea of the kind of person we’re talking about:
http://www.atlantaga.gov/government/it/bio.aspx%5B/quote%5D
Completely unimpressive. I worked for years in the Healthcare tech field for one of the few tech startups that actually experienced some success. My experience taught me that they are the industry closest to the government in their ineptitude with technology. So it’s a good fit for Atlanta and a great move for Dan Smith, who is no doubt thinking about retirement.[/quote]
I looked for the part that said he spent most of his time fixing printers. I didn’t see it. I see a guy with a masters from Georgia Tech and a long career managing projects and people.Yeah his bio is not my cup of tea, but clearly he looks like a pretty common exec. In the private sector he’d quite likely be senior enough to get stock options, perhaps a lot of them. From his (or similar folks) point of view, they should be thinking, “How am I going to provide for my retirement?”. In the private sector you have 401k’s/stock options, in the public sector, a pension would be part of your calculations when deciding whether (and how long) to work there.
35 years is a LONG time. I don’t begrudge the folks having a retirement, especially if they had nothing to do with the terms of the pensions they receive. Again, they don’t have the 401k or stock option opportunities that some of us have.
Now, regarding the folks who actually set up these unsustainable pension benefits, especially if it benefited themselves, yes, I have a big problem with them.
August 25, 2010 at 12:12 PM #597146KSMountainParticipant[quote=pjwal][quote=KSMountain]Here’s the bio for the current CIO of Atlanta.
This will give you some idea of the kind of person we’re talking about:
http://www.atlantaga.gov/government/it/bio.aspx%5B/quote%5D
Completely unimpressive. I worked for years in the Healthcare tech field for one of the few tech startups that actually experienced some success. My experience taught me that they are the industry closest to the government in their ineptitude with technology. So it’s a good fit for Atlanta and a great move for Dan Smith, who is no doubt thinking about retirement.[/quote]
I looked for the part that said he spent most of his time fixing printers. I didn’t see it. I see a guy with a masters from Georgia Tech and a long career managing projects and people.Yeah his bio is not my cup of tea, but clearly he looks like a pretty common exec. In the private sector he’d quite likely be senior enough to get stock options, perhaps a lot of them. From his (or similar folks) point of view, they should be thinking, “How am I going to provide for my retirement?”. In the private sector you have 401k’s/stock options, in the public sector, a pension would be part of your calculations when deciding whether (and how long) to work there.
35 years is a LONG time. I don’t begrudge the folks having a retirement, especially if they had nothing to do with the terms of the pensions they receive. Again, they don’t have the 401k or stock option opportunities that some of us have.
Now, regarding the folks who actually set up these unsustainable pension benefits, especially if it benefited themselves, yes, I have a big problem with them.
August 25, 2010 at 12:47 PM #596131jimmyleParticipantFirefighting and police are not among the top 10 of the most dangerous jobs.
http://finance.yahoo.com/career-work/article/110394/americas-10-most-dangerous-jobsI also question your comment that Police Officers provide much more benefits to society than Engineers.
[quote=CA renter][quote=yojimbo]
Since BP makes $10 billion a year I shouldn’t even question a mayor of a small town pilfering it’s residents for $800k a year? Well, there are roughly 30,000 incorporated cities and towns in the US. If, on average, the pilfering is around $100k a year per city then that’s $3 billion a year. In the larger cities it’s probably far above that. A $1 million a year pilfering equals $30 billion. Probably more than all the oil companies combined have allegedly ripped us off.Pilfering the taxpayer at any level pisses me off. In fact, I think it starts at the lower levels and works it’s way up to the top. Those exploiting the system for small amounts as rookies will probably become professional big $ exploiters in due time.[/quote]
Nobody’s saying we shouldn’t question a mayor of a small town making $800K. Believe it or not, I’m a taxpayer advocate and often criticize the way our tax money is spent.
I just have a problem with the “Susie the manicurist isn’t making this, so why should a firefighter?” or even “John the enginerd isn’t making this, so why is a cop?” arguments. One could easily argue that a police officer provides a much greater benefit to society than an engineer, and that the risks s/he takes are greater. Likewise, one could argue that the engineer has more education…but education has never meant that a person is guaranteed to make more money than someone without an education (lots of poor PhDs out there). One could also argue that high risks don’t guarantee high pay (look at our military personnel).
Again, I despise the fact that **workers of all stripes** are being made (brainwashed) to turn agaist each other when the culprits who created our problems are sailing away on their yachts, unscathed.[/quote]
August 25, 2010 at 12:47 PM #596224jimmyleParticipantFirefighting and police are not among the top 10 of the most dangerous jobs.
http://finance.yahoo.com/career-work/article/110394/americas-10-most-dangerous-jobsI also question your comment that Police Officers provide much more benefits to society than Engineers.
[quote=CA renter][quote=yojimbo]
Since BP makes $10 billion a year I shouldn’t even question a mayor of a small town pilfering it’s residents for $800k a year? Well, there are roughly 30,000 incorporated cities and towns in the US. If, on average, the pilfering is around $100k a year per city then that’s $3 billion a year. In the larger cities it’s probably far above that. A $1 million a year pilfering equals $30 billion. Probably more than all the oil companies combined have allegedly ripped us off.Pilfering the taxpayer at any level pisses me off. In fact, I think it starts at the lower levels and works it’s way up to the top. Those exploiting the system for small amounts as rookies will probably become professional big $ exploiters in due time.[/quote]
Nobody’s saying we shouldn’t question a mayor of a small town making $800K. Believe it or not, I’m a taxpayer advocate and often criticize the way our tax money is spent.
I just have a problem with the “Susie the manicurist isn’t making this, so why should a firefighter?” or even “John the enginerd isn’t making this, so why is a cop?” arguments. One could easily argue that a police officer provides a much greater benefit to society than an engineer, and that the risks s/he takes are greater. Likewise, one could argue that the engineer has more education…but education has never meant that a person is guaranteed to make more money than someone without an education (lots of poor PhDs out there). One could also argue that high risks don’t guarantee high pay (look at our military personnel).
Again, I despise the fact that **workers of all stripes** are being made (brainwashed) to turn agaist each other when the culprits who created our problems are sailing away on their yachts, unscathed.[/quote]
August 25, 2010 at 12:47 PM #596763jimmyleParticipantFirefighting and police are not among the top 10 of the most dangerous jobs.
http://finance.yahoo.com/career-work/article/110394/americas-10-most-dangerous-jobsI also question your comment that Police Officers provide much more benefits to society than Engineers.
[quote=CA renter][quote=yojimbo]
Since BP makes $10 billion a year I shouldn’t even question a mayor of a small town pilfering it’s residents for $800k a year? Well, there are roughly 30,000 incorporated cities and towns in the US. If, on average, the pilfering is around $100k a year per city then that’s $3 billion a year. In the larger cities it’s probably far above that. A $1 million a year pilfering equals $30 billion. Probably more than all the oil companies combined have allegedly ripped us off.Pilfering the taxpayer at any level pisses me off. In fact, I think it starts at the lower levels and works it’s way up to the top. Those exploiting the system for small amounts as rookies will probably become professional big $ exploiters in due time.[/quote]
Nobody’s saying we shouldn’t question a mayor of a small town making $800K. Believe it or not, I’m a taxpayer advocate and often criticize the way our tax money is spent.
I just have a problem with the “Susie the manicurist isn’t making this, so why should a firefighter?” or even “John the enginerd isn’t making this, so why is a cop?” arguments. One could easily argue that a police officer provides a much greater benefit to society than an engineer, and that the risks s/he takes are greater. Likewise, one could argue that the engineer has more education…but education has never meant that a person is guaranteed to make more money than someone without an education (lots of poor PhDs out there). One could also argue that high risks don’t guarantee high pay (look at our military personnel).
Again, I despise the fact that **workers of all stripes** are being made (brainwashed) to turn agaist each other when the culprits who created our problems are sailing away on their yachts, unscathed.[/quote]
August 25, 2010 at 12:47 PM #596872jimmyleParticipantFirefighting and police are not among the top 10 of the most dangerous jobs.
http://finance.yahoo.com/career-work/article/110394/americas-10-most-dangerous-jobsI also question your comment that Police Officers provide much more benefits to society than Engineers.
[quote=CA renter][quote=yojimbo]
Since BP makes $10 billion a year I shouldn’t even question a mayor of a small town pilfering it’s residents for $800k a year? Well, there are roughly 30,000 incorporated cities and towns in the US. If, on average, the pilfering is around $100k a year per city then that’s $3 billion a year. In the larger cities it’s probably far above that. A $1 million a year pilfering equals $30 billion. Probably more than all the oil companies combined have allegedly ripped us off.Pilfering the taxpayer at any level pisses me off. In fact, I think it starts at the lower levels and works it’s way up to the top. Those exploiting the system for small amounts as rookies will probably become professional big $ exploiters in due time.[/quote]
Nobody’s saying we shouldn’t question a mayor of a small town making $800K. Believe it or not, I’m a taxpayer advocate and often criticize the way our tax money is spent.
I just have a problem with the “Susie the manicurist isn’t making this, so why should a firefighter?” or even “John the enginerd isn’t making this, so why is a cop?” arguments. One could easily argue that a police officer provides a much greater benefit to society than an engineer, and that the risks s/he takes are greater. Likewise, one could argue that the engineer has more education…but education has never meant that a person is guaranteed to make more money than someone without an education (lots of poor PhDs out there). One could also argue that high risks don’t guarantee high pay (look at our military personnel).
Again, I despise the fact that **workers of all stripes** are being made (brainwashed) to turn agaist each other when the culprits who created our problems are sailing away on their yachts, unscathed.[/quote]
August 25, 2010 at 12:47 PM #597186jimmyleParticipantFirefighting and police are not among the top 10 of the most dangerous jobs.
http://finance.yahoo.com/career-work/article/110394/americas-10-most-dangerous-jobsI also question your comment that Police Officers provide much more benefits to society than Engineers.
[quote=CA renter][quote=yojimbo]
Since BP makes $10 billion a year I shouldn’t even question a mayor of a small town pilfering it’s residents for $800k a year? Well, there are roughly 30,000 incorporated cities and towns in the US. If, on average, the pilfering is around $100k a year per city then that’s $3 billion a year. In the larger cities it’s probably far above that. A $1 million a year pilfering equals $30 billion. Probably more than all the oil companies combined have allegedly ripped us off.Pilfering the taxpayer at any level pisses me off. In fact, I think it starts at the lower levels and works it’s way up to the top. Those exploiting the system for small amounts as rookies will probably become professional big $ exploiters in due time.[/quote]
Nobody’s saying we shouldn’t question a mayor of a small town making $800K. Believe it or not, I’m a taxpayer advocate and often criticize the way our tax money is spent.
I just have a problem with the “Susie the manicurist isn’t making this, so why should a firefighter?” or even “John the enginerd isn’t making this, so why is a cop?” arguments. One could easily argue that a police officer provides a much greater benefit to society than an engineer, and that the risks s/he takes are greater. Likewise, one could argue that the engineer has more education…but education has never meant that a person is guaranteed to make more money than someone without an education (lots of poor PhDs out there). One could also argue that high risks don’t guarantee high pay (look at our military personnel).
Again, I despise the fact that **workers of all stripes** are being made (brainwashed) to turn agaist each other when the culprits who created our problems are sailing away on their yachts, unscathed.[/quote]
August 25, 2010 at 2:00 PM #596226KSMountainParticipant[quote=jimmyle]I also question your comment that Police Officers provide much more benefits to society than Engineers.
[/quote]Well that whole subdiscussion treaded dangerously into “what is fair” territory. And that’s just silly because Life Is Not Fair.
If life were fair, and salaries were set based on their benefit to society, would baseball players make 100 (or even 500) times as much as teachers?
And yet, it is so.
Apart from the financial aspect, I personally feel Police and Engineers are both *indispensable* in our current society. Not sure how you would rank one versus the other. I guess I might say the average police officer provides more benefits to society than the average engineer, but I’m not sure.
August 25, 2010 at 2:00 PM #596319KSMountainParticipant[quote=jimmyle]I also question your comment that Police Officers provide much more benefits to society than Engineers.
[/quote]Well that whole subdiscussion treaded dangerously into “what is fair” territory. And that’s just silly because Life Is Not Fair.
If life were fair, and salaries were set based on their benefit to society, would baseball players make 100 (or even 500) times as much as teachers?
And yet, it is so.
Apart from the financial aspect, I personally feel Police and Engineers are both *indispensable* in our current society. Not sure how you would rank one versus the other. I guess I might say the average police officer provides more benefits to society than the average engineer, but I’m not sure.
August 25, 2010 at 2:00 PM #596858KSMountainParticipant[quote=jimmyle]I also question your comment that Police Officers provide much more benefits to society than Engineers.
[/quote]Well that whole subdiscussion treaded dangerously into “what is fair” territory. And that’s just silly because Life Is Not Fair.
If life were fair, and salaries were set based on their benefit to society, would baseball players make 100 (or even 500) times as much as teachers?
And yet, it is so.
Apart from the financial aspect, I personally feel Police and Engineers are both *indispensable* in our current society. Not sure how you would rank one versus the other. I guess I might say the average police officer provides more benefits to society than the average engineer, but I’m not sure.
August 25, 2010 at 2:00 PM #596967KSMountainParticipant[quote=jimmyle]I also question your comment that Police Officers provide much more benefits to society than Engineers.
[/quote]Well that whole subdiscussion treaded dangerously into “what is fair” territory. And that’s just silly because Life Is Not Fair.
If life were fair, and salaries were set based on their benefit to society, would baseball players make 100 (or even 500) times as much as teachers?
And yet, it is so.
Apart from the financial aspect, I personally feel Police and Engineers are both *indispensable* in our current society. Not sure how you would rank one versus the other. I guess I might say the average police officer provides more benefits to society than the average engineer, but I’m not sure.
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