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August 14, 2009 at 6:18 AM in reply to: San Diego Fire Chief retires at 53 with $123K/yr pension for life… #444803August 14, 2009 at 6:18 AM in reply to: San Diego Fire Chief retires at 53 with $123K/yr pension for life… #445139
temeculaguy
ParticipantYou got me, I forgot his real name, wine tends to strip me of my trivial pursuit prowess.
The reason they gave them those pensions was that they died shortly after starting to collect them, over time, the funds swelled, the pension funds were sustainable until they began raising benefits for everyone. Governemnt entities can’t help themselves with large pots of money.
The reason they don’t base pensions on actual on the job deaths is that the pension doesn’t pay for those for the most part, insurance (workmans comp, life insurance, etc.) pays for that. Pensions are for those that survive and if the average retired teacher lives thirty years into retirement and the average cop lives seven, they can pay the cop a bigger check because it will actually end up costing less. Plus more cops don’t make it to retirement than do, abandoning the funds placed into the pension fund, if they don’t work a certain amount of time, they forfeit the money, not so with 410k style retirements.
It’s been studied and ultimately it will be changed away from a defined benefit, it will probably benefit those who live a very short amount of time into retirement anyway.
August 14, 2009 at 6:18 AM in reply to: San Diego Fire Chief retires at 53 with $123K/yr pension for life… #445209temeculaguy
ParticipantYou got me, I forgot his real name, wine tends to strip me of my trivial pursuit prowess.
The reason they gave them those pensions was that they died shortly after starting to collect them, over time, the funds swelled, the pension funds were sustainable until they began raising benefits for everyone. Governemnt entities can’t help themselves with large pots of money.
The reason they don’t base pensions on actual on the job deaths is that the pension doesn’t pay for those for the most part, insurance (workmans comp, life insurance, etc.) pays for that. Pensions are for those that survive and if the average retired teacher lives thirty years into retirement and the average cop lives seven, they can pay the cop a bigger check because it will actually end up costing less. Plus more cops don’t make it to retirement than do, abandoning the funds placed into the pension fund, if they don’t work a certain amount of time, they forfeit the money, not so with 410k style retirements.
It’s been studied and ultimately it will be changed away from a defined benefit, it will probably benefit those who live a very short amount of time into retirement anyway.
August 14, 2009 at 6:18 AM in reply to: San Diego Fire Chief retires at 53 with $123K/yr pension for life… #445391temeculaguy
ParticipantYou got me, I forgot his real name, wine tends to strip me of my trivial pursuit prowess.
The reason they gave them those pensions was that they died shortly after starting to collect them, over time, the funds swelled, the pension funds were sustainable until they began raising benefits for everyone. Governemnt entities can’t help themselves with large pots of money.
The reason they don’t base pensions on actual on the job deaths is that the pension doesn’t pay for those for the most part, insurance (workmans comp, life insurance, etc.) pays for that. Pensions are for those that survive and if the average retired teacher lives thirty years into retirement and the average cop lives seven, they can pay the cop a bigger check because it will actually end up costing less. Plus more cops don’t make it to retirement than do, abandoning the funds placed into the pension fund, if they don’t work a certain amount of time, they forfeit the money, not so with 410k style retirements.
It’s been studied and ultimately it will be changed away from a defined benefit, it will probably benefit those who live a very short amount of time into retirement anyway.
August 14, 2009 at 12:30 AM in reply to: San Diego Fire Chief retires at 53 with $123K/yr pension for life… #444586temeculaguy
ParticipantAecitia, I’ve tried, it’s just not worth it trying to explain, but I’ll try again because I’m bored. And to the reference about the deadliest jobs, on the job injuries and lifespan into retirement are two different things. When figuring out pensions it matters. Career military and career law enforcement have very short retirements. That multi year spread was about different studies, the shortest being 53, the longest 66 or something like that, it has more to do with small town midwest cops and metro area cops, they have a bit of a different experience. The spread was not a single study but different ones, they do not apply to people who did the job for a few years and the military studies do not refer to the 4 or 6 year hitch, they refer to the lifers, the ones that pull the pensions everyone hates. Cold reality, they die pretty quick because they didn’t live the life you live. Because the emotional wounds get them later in life but not too much later.
The pensions are totally geeked up and they are being changed, 20 years ago we didn’t have this problem and cops/fire/military all had those types of pensions, where it got out of hand was they extended those “safety” pension perks to the non safety people, in every part of the governement who greatly outnumnber the safety people and live normal lives into retirement because they sleep at night, their biggest stress is the fax machine and they never miss a holiday or event with their kids.
I don’t know who Samuel Clemmens is, but more than likely he has never held a five year old girl in his arms while she died and then had to tell her parents and a hundred other things that eat away at you, and each time calling his own kids to tell them he will be missing the school play or christmas, again. These things change you, and untimatley contribute to an early date with your maker, so his opinion mens Sh*& to me.
Do i have to reset my band of brothers rant, can i double dog dare any of you to complain about the 50 years of free medical care the 101st airborne wwII vets received, okay I will, watch the episode on bastonge (battle of the bulge) go to your bathroom mirror, say these words “It is unfortunate I am not as brave as those men.” Then slap yourself in the face, apologize to yourself for being such a pussy and say that “I will never begrudge the benefits to heroes until I can muster the guts to become one.”
August 14, 2009 at 12:30 AM in reply to: San Diego Fire Chief retires at 53 with $123K/yr pension for life… #444779temeculaguy
ParticipantAecitia, I’ve tried, it’s just not worth it trying to explain, but I’ll try again because I’m bored. And to the reference about the deadliest jobs, on the job injuries and lifespan into retirement are two different things. When figuring out pensions it matters. Career military and career law enforcement have very short retirements. That multi year spread was about different studies, the shortest being 53, the longest 66 or something like that, it has more to do with small town midwest cops and metro area cops, they have a bit of a different experience. The spread was not a single study but different ones, they do not apply to people who did the job for a few years and the military studies do not refer to the 4 or 6 year hitch, they refer to the lifers, the ones that pull the pensions everyone hates. Cold reality, they die pretty quick because they didn’t live the life you live. Because the emotional wounds get them later in life but not too much later.
The pensions are totally geeked up and they are being changed, 20 years ago we didn’t have this problem and cops/fire/military all had those types of pensions, where it got out of hand was they extended those “safety” pension perks to the non safety people, in every part of the governement who greatly outnumnber the safety people and live normal lives into retirement because they sleep at night, their biggest stress is the fax machine and they never miss a holiday or event with their kids.
I don’t know who Samuel Clemmens is, but more than likely he has never held a five year old girl in his arms while she died and then had to tell her parents and a hundred other things that eat away at you, and each time calling his own kids to tell them he will be missing the school play or christmas, again. These things change you, and untimatley contribute to an early date with your maker, so his opinion mens Sh*& to me.
Do i have to reset my band of brothers rant, can i double dog dare any of you to complain about the 50 years of free medical care the 101st airborne wwII vets received, okay I will, watch the episode on bastonge (battle of the bulge) go to your bathroom mirror, say these words “It is unfortunate I am not as brave as those men.” Then slap yourself in the face, apologize to yourself for being such a pussy and say that “I will never begrudge the benefits to heroes until I can muster the guts to become one.”
August 14, 2009 at 12:30 AM in reply to: San Diego Fire Chief retires at 53 with $123K/yr pension for life… #445114temeculaguy
ParticipantAecitia, I’ve tried, it’s just not worth it trying to explain, but I’ll try again because I’m bored. And to the reference about the deadliest jobs, on the job injuries and lifespan into retirement are two different things. When figuring out pensions it matters. Career military and career law enforcement have very short retirements. That multi year spread was about different studies, the shortest being 53, the longest 66 or something like that, it has more to do with small town midwest cops and metro area cops, they have a bit of a different experience. The spread was not a single study but different ones, they do not apply to people who did the job for a few years and the military studies do not refer to the 4 or 6 year hitch, they refer to the lifers, the ones that pull the pensions everyone hates. Cold reality, they die pretty quick because they didn’t live the life you live. Because the emotional wounds get them later in life but not too much later.
The pensions are totally geeked up and they are being changed, 20 years ago we didn’t have this problem and cops/fire/military all had those types of pensions, where it got out of hand was they extended those “safety” pension perks to the non safety people, in every part of the governement who greatly outnumnber the safety people and live normal lives into retirement because they sleep at night, their biggest stress is the fax machine and they never miss a holiday or event with their kids.
I don’t know who Samuel Clemmens is, but more than likely he has never held a five year old girl in his arms while she died and then had to tell her parents and a hundred other things that eat away at you, and each time calling his own kids to tell them he will be missing the school play or christmas, again. These things change you, and untimatley contribute to an early date with your maker, so his opinion mens Sh*& to me.
Do i have to reset my band of brothers rant, can i double dog dare any of you to complain about the 50 years of free medical care the 101st airborne wwII vets received, okay I will, watch the episode on bastonge (battle of the bulge) go to your bathroom mirror, say these words “It is unfortunate I am not as brave as those men.” Then slap yourself in the face, apologize to yourself for being such a pussy and say that “I will never begrudge the benefits to heroes until I can muster the guts to become one.”
August 14, 2009 at 12:30 AM in reply to: San Diego Fire Chief retires at 53 with $123K/yr pension for life… #445185temeculaguy
ParticipantAecitia, I’ve tried, it’s just not worth it trying to explain, but I’ll try again because I’m bored. And to the reference about the deadliest jobs, on the job injuries and lifespan into retirement are two different things. When figuring out pensions it matters. Career military and career law enforcement have very short retirements. That multi year spread was about different studies, the shortest being 53, the longest 66 or something like that, it has more to do with small town midwest cops and metro area cops, they have a bit of a different experience. The spread was not a single study but different ones, they do not apply to people who did the job for a few years and the military studies do not refer to the 4 or 6 year hitch, they refer to the lifers, the ones that pull the pensions everyone hates. Cold reality, they die pretty quick because they didn’t live the life you live. Because the emotional wounds get them later in life but not too much later.
The pensions are totally geeked up and they are being changed, 20 years ago we didn’t have this problem and cops/fire/military all had those types of pensions, where it got out of hand was they extended those “safety” pension perks to the non safety people, in every part of the governement who greatly outnumnber the safety people and live normal lives into retirement because they sleep at night, their biggest stress is the fax machine and they never miss a holiday or event with their kids.
I don’t know who Samuel Clemmens is, but more than likely he has never held a five year old girl in his arms while she died and then had to tell her parents and a hundred other things that eat away at you, and each time calling his own kids to tell them he will be missing the school play or christmas, again. These things change you, and untimatley contribute to an early date with your maker, so his opinion mens Sh*& to me.
Do i have to reset my band of brothers rant, can i double dog dare any of you to complain about the 50 years of free medical care the 101st airborne wwII vets received, okay I will, watch the episode on bastonge (battle of the bulge) go to your bathroom mirror, say these words “It is unfortunate I am not as brave as those men.” Then slap yourself in the face, apologize to yourself for being such a pussy and say that “I will never begrudge the benefits to heroes until I can muster the guts to become one.”
August 14, 2009 at 12:30 AM in reply to: San Diego Fire Chief retires at 53 with $123K/yr pension for life… #445365temeculaguy
ParticipantAecitia, I’ve tried, it’s just not worth it trying to explain, but I’ll try again because I’m bored. And to the reference about the deadliest jobs, on the job injuries and lifespan into retirement are two different things. When figuring out pensions it matters. Career military and career law enforcement have very short retirements. That multi year spread was about different studies, the shortest being 53, the longest 66 or something like that, it has more to do with small town midwest cops and metro area cops, they have a bit of a different experience. The spread was not a single study but different ones, they do not apply to people who did the job for a few years and the military studies do not refer to the 4 or 6 year hitch, they refer to the lifers, the ones that pull the pensions everyone hates. Cold reality, they die pretty quick because they didn’t live the life you live. Because the emotional wounds get them later in life but not too much later.
The pensions are totally geeked up and they are being changed, 20 years ago we didn’t have this problem and cops/fire/military all had those types of pensions, where it got out of hand was they extended those “safety” pension perks to the non safety people, in every part of the governement who greatly outnumnber the safety people and live normal lives into retirement because they sleep at night, their biggest stress is the fax machine and they never miss a holiday or event with their kids.
I don’t know who Samuel Clemmens is, but more than likely he has never held a five year old girl in his arms while she died and then had to tell her parents and a hundred other things that eat away at you, and each time calling his own kids to tell them he will be missing the school play or christmas, again. These things change you, and untimatley contribute to an early date with your maker, so his opinion mens Sh*& to me.
Do i have to reset my band of brothers rant, can i double dog dare any of you to complain about the 50 years of free medical care the 101st airborne wwII vets received, okay I will, watch the episode on bastonge (battle of the bulge) go to your bathroom mirror, say these words “It is unfortunate I am not as brave as those men.” Then slap yourself in the face, apologize to yourself for being such a pussy and say that “I will never begrudge the benefits to heroes until I can muster the guts to become one.”
temeculaguy
ParticipantI know you were joking, I certainly didn’t want the Chargers to do it, I was in fear they might entertain it. Honestly, Rivers would probably play with a broken leg, he’s about as reliable as they come, but Philly, different story. I think you can actually wager in vegas as to which week Donovan McHurt will go out for the season. He’s the basketball equivalent of Andrew Bynum.
temeculaguy
ParticipantI know you were joking, I certainly didn’t want the Chargers to do it, I was in fear they might entertain it. Honestly, Rivers would probably play with a broken leg, he’s about as reliable as they come, but Philly, different story. I think you can actually wager in vegas as to which week Donovan McHurt will go out for the season. He’s the basketball equivalent of Andrew Bynum.
temeculaguy
ParticipantI know you were joking, I certainly didn’t want the Chargers to do it, I was in fear they might entertain it. Honestly, Rivers would probably play with a broken leg, he’s about as reliable as they come, but Philly, different story. I think you can actually wager in vegas as to which week Donovan McHurt will go out for the season. He’s the basketball equivalent of Andrew Bynum.
temeculaguy
ParticipantI know you were joking, I certainly didn’t want the Chargers to do it, I was in fear they might entertain it. Honestly, Rivers would probably play with a broken leg, he’s about as reliable as they come, but Philly, different story. I think you can actually wager in vegas as to which week Donovan McHurt will go out for the season. He’s the basketball equivalent of Andrew Bynum.
temeculaguy
ParticipantI know you were joking, I certainly didn’t want the Chargers to do it, I was in fear they might entertain it. Honestly, Rivers would probably play with a broken leg, he’s about as reliable as they come, but Philly, different story. I think you can actually wager in vegas as to which week Donovan McHurt will go out for the season. He’s the basketball equivalent of Andrew Bynum.
temeculaguy
Participanthttp://www.cnbc.com/id/32404070
While at the same time Rick Sharga of Realty trac says it doesn’t matter, that foreclosures are spiking concurrent with recovery and price stabilization.
I think the CEO need to have coffee with his employees so they can spin the same stuff.
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