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pjwal
Participant[quote]Douglas McCalla, 61, served the city for more than 35 years, starting as a park aide earning $1.55 an hour and leaving as the chief investment officer for the pension system. He is second on the list with a benefit of $174,445 per year.
These days, McCalla works part-time as a financial consultant and volunteers on a charity board that serves developmentally disabled people.[/quote]
Oh, good for you…drum up clients while serving on a charity. I assume your investment advice includes starting a career in the public sector? Do you guarantee an 8% return to your clients?
Participant[quote]Douglas McCalla, 61, served the city for more than 35 years, starting as a park aide earning $1.55 an hour and leaving as the chief investment officer for the pension system. He is second on the list with a benefit of $174,445 per year.
These days, McCalla works part-time as a financial consultant and volunteers on a charity board that serves developmentally disabled people.[/quote]
Oh, good for you…drum up clients while serving on a charity. I assume your investment advice includes starting a career in the public sector? Do you guarantee an 8% return to your clients?
ParticipantThis makes me sick to my stomach. Some joke IT dinosaur, that probably worked most his life fixing printer problems, whom made it “all the way up” to Director if IT (where most of his job still consisted of fixing printer problems) is now sitting pretty on a 139k/year pension. It’s not he was actually really challenged with a budget or had to worry about profitably at all during his career. Not like he actually had to innovate or keep his skill set up with changing technology. Not like he actually worked weekends or ever averaged more than 38 hours per week.
ParticipantThis makes me sick to my stomach. Some joke IT dinosaur, that probably worked most his life fixing printer problems, whom made it “all the way up” to Director if IT (where most of his job still consisted of fixing printer problems) is now sitting pretty on a 139k/year pension. It’s not he was actually really challenged with a budget or had to worry about profitably at all during his career. Not like he actually had to innovate or keep his skill set up with changing technology. Not like he actually worked weekends or ever averaged more than 38 hours per week.
ParticipantThis makes me sick to my stomach. Some joke IT dinosaur, that probably worked most his life fixing printer problems, whom made it “all the way up” to Director if IT (where most of his job still consisted of fixing printer problems) is now sitting pretty on a 139k/year pension. It’s not he was actually really challenged with a budget or had to worry about profitably at all during his career. Not like he actually had to innovate or keep his skill set up with changing technology. Not like he actually worked weekends or ever averaged more than 38 hours per week.
ParticipantThis makes me sick to my stomach. Some joke IT dinosaur, that probably worked most his life fixing printer problems, whom made it “all the way up” to Director if IT (where most of his job still consisted of fixing printer problems) is now sitting pretty on a 139k/year pension. It’s not he was actually really challenged with a budget or had to worry about profitably at all during his career. Not like he actually had to innovate or keep his skill set up with changing technology. Not like he actually worked weekends or ever averaged more than 38 hours per week.
ParticipantThis makes me sick to my stomach. Some joke IT dinosaur, that probably worked most his life fixing printer problems, whom made it “all the way up” to Director if IT (where most of his job still consisted of fixing printer problems) is now sitting pretty on a 139k/year pension. It’s not he was actually really challenged with a budget or had to worry about profitably at all during his career. Not like he actually had to innovate or keep his skill set up with changing technology. Not like he actually worked weekends or ever averaged more than 38 hours per week.
ParticipantIt’s an uncertainty that might force unions and retirement systems to take a deal without forcing a judge to rule on the issue.
…
In short, bankruptcy levels the playing field. Everyone owed money must jockey for position. It’s more likely in bankruptcy, Shea said, for a party to settle than to bet on victory particularly when so much money is at stake.
…
A bankruptcy might not wipe pension obligations away, but it could make the debt smaller.Everyone always takes things out of context. No one is talking about completely wiping pension obligations off the books. But somehow, through bankruptcy or otherwise, the obligation needs to be reduced. I vote for bankruptcy.
ParticipantIt’s an uncertainty that might force unions and retirement systems to take a deal without forcing a judge to rule on the issue.
…
In short, bankruptcy levels the playing field. Everyone owed money must jockey for position. It’s more likely in bankruptcy, Shea said, for a party to settle than to bet on victory particularly when so much money is at stake.
…
A bankruptcy might not wipe pension obligations away, but it could make the debt smaller.Everyone always takes things out of context. No one is talking about completely wiping pension obligations off the books. But somehow, through bankruptcy or otherwise, the obligation needs to be reduced. I vote for bankruptcy.
ParticipantIt’s an uncertainty that might force unions and retirement systems to take a deal without forcing a judge to rule on the issue.
…
In short, bankruptcy levels the playing field. Everyone owed money must jockey for position. It’s more likely in bankruptcy, Shea said, for a party to settle than to bet on victory particularly when so much money is at stake.
…
A bankruptcy might not wipe pension obligations away, but it could make the debt smaller.Everyone always takes things out of context. No one is talking about completely wiping pension obligations off the books. But somehow, through bankruptcy or otherwise, the obligation needs to be reduced. I vote for bankruptcy.
ParticipantIt’s an uncertainty that might force unions and retirement systems to take a deal without forcing a judge to rule on the issue.
…
In short, bankruptcy levels the playing field. Everyone owed money must jockey for position. It’s more likely in bankruptcy, Shea said, for a party to settle than to bet on victory particularly when so much money is at stake.
…
A bankruptcy might not wipe pension obligations away, but it could make the debt smaller.Everyone always takes things out of context. No one is talking about completely wiping pension obligations off the books. But somehow, through bankruptcy or otherwise, the obligation needs to be reduced. I vote for bankruptcy.
ParticipantIt’s an uncertainty that might force unions and retirement systems to take a deal without forcing a judge to rule on the issue.
…
In short, bankruptcy levels the playing field. Everyone owed money must jockey for position. It’s more likely in bankruptcy, Shea said, for a party to settle than to bet on victory particularly when so much money is at stake.
…
A bankruptcy might not wipe pension obligations away, but it could make the debt smaller.Everyone always takes things out of context. No one is talking about completely wiping pension obligations off the books. But somehow, through bankruptcy or otherwise, the obligation needs to be reduced. I vote for bankruptcy.
Participant[quote=UCGal][quote=pjwal]
On a related note, anyone opposed to bribing (money for grades) older kids with their school performance?[/quote]
Interesting thread on the topic.http://piggington.com/ot_paying_kids_for_grades_in_hs%5B/quote%5D
good stuff…flu’s post about scoring a goal on his own team was hilarious.
I think too many people argue against within an incorrect context that a monetary incentive is the only tool being used to provide incentive or to help your children with learning/doing well in school.
Participant[quote=UCGal][quote=pjwal]
On a related note, anyone opposed to bribing (money for grades) older kids with their school performance?[/quote]
Interesting thread on the topic.http://piggington.com/ot_paying_kids_for_grades_in_hs%5B/quote%5D
good stuff…flu’s post about scoring a goal on his own team was hilarious.
I think too many people argue against within an incorrect context that a monetary incentive is the only tool being used to provide incentive or to help your children with learning/doing well in school.
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