Is it really?

Is it really?

Joined: August 23rd, 2016, 5:09 am

March 19th, 2017, 2:21 am #1

Even giving the benefit of maximizing the remuneration rate, that is not really very much:

It might be $60K for six months but those are 16 hr days. So effectively it is equivalent to $60K for 12 months. However, that equivalency is for normal 40 hr weeks, not on call 24/7, high pressure, and shall we say less-than-ideal working (and living!), conditions. A contract for six months of possible hell at $30/hr doesn't look so good to me.
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Joined: August 23rd, 2016, 5:09 am

March 19th, 2017, 2:26 am #2

Damm. When you get logged out you lose your place.

This was supposed to be a response to Doc's "clarifications" post:
http://www.network54.com/Forum/9013/mes ... ifications...
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Joined: August 23rd, 2016, 5:09 am

March 19th, 2017, 3:13 am #3

Even giving the benefit of maximizing the remuneration rate, that is not really very much:

It might be $60K for six months but those are 16 hr days. So effectively it is equivalent to $60K for 12 months. However, that equivalency is for normal 40 hr weeks, not on call 24/7, high pressure, and shall we say less-than-ideal working (and living!), conditions. A contract for six months of possible hell at $30/hr doesn't look so good to me.
I just found out our school teachers get $100K per year PENSIONS! Probably not all of them, but a lot. And the others are not hurting!

I just found this site []http://transparentcalifornia.com] which looks to be an online database for salaries and pensions of all Calif public employees (sorted by total compensation/benefits). It has blown my mind! No wonder "government" costs so much or why so many have gone or are going bankrupt.

Looking at the "all pensions" DB, the top "pensioner" has been collecting $1.2 MILLION PER YEAR since 2010! On page 1000 we're only down to the $100K per year level. However, that was 1000 pages at 50 pensions per page which yields $100K x 1K pages x 50 per page = $5 BILLION per year. And there are still 21,000+ pages to go! Actually accumulating the individual amounts would probably double or triple the total. Look at page 1000 and browse the job titles there. See how little it takes to get a $100K per year pension. []http://transparentcalifornia.com/pensio ... ?page=1000]

If that isn't enough, in Orange County (and probably others) apparently one does not have to be employed for even one day in order to collect a pension! []http://transparentcalifornia.com/pensio ... /?page=323] In private industry it tipically takes five to ten years to be vested. On the last page there is a person collecting $230 per month for not having worked a day. Others that worked for only 6-7 months have been collecting $400-$500 per month for 10+ years.

While this site is obviously only for California, other states have similar sites (and similar problems). Do a Google search.

I suspect that these are the people that complain how much less public employers pay than private employers! Right! Private industry doesn't even come close (unless you're the CEO, of course).
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Joined: October 8th, 2014, 2:05 pm

March 19th, 2017, 2:04 pm #4

Politicians learned decades ago that it's possible to buy votes without spending a dime of today's budgets. It's called a public employee pension. Promise your rank and file they can retire at 2x salary in 20 years and 1) you get their enthusiastic support, and 2) you're no longer around to deal with the budget crisis that will ensue when they start collecting.
If it ain't broke, I'll fix it!
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Joined: October 6th, 2014, 7:12 pm

March 19th, 2017, 10:14 pm #5

Or "What happens when sixty cents of every dollar is spent on people who do no actual work for the company"....
CF

"The right tool for the right job." [Anon.]
"Any tool can be the Right Tool." [Red Green]
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Joined: September 21st, 2014, 11:30 pm

March 20th, 2017, 8:21 am #6

Politicians learned decades ago that it's possible to buy votes without spending a dime of today's budgets. It's called a public employee pension. Promise your rank and file they can retire at 2x salary in 20 years and 1) you get their enthusiastic support, and 2) you're no longer around to deal with the budget crisis that will ensue when they start collecting.
Since it's essentially my money, no matter how many times my "employer" wants to get their grubby paws on it.

And when I got my projection for next year, it's only at about 21k a year, pre-tax. Imma gonna hafta get me something else to bide my time until I hit 67 or whenever they decide Medicare (or its replacement) will kick in.

"Character is what you are in the Dark." - D.L. Moody
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Joined: September 11th, 2014, 4:35 pm

March 20th, 2017, 9:45 am #7

I just found out our school teachers get $100K per year PENSIONS! Probably not all of them, but a lot. And the others are not hurting!

I just found this site []http://transparentcalifornia.com] which looks to be an online database for salaries and pensions of all Calif public employees (sorted by total compensation/benefits). It has blown my mind! No wonder "government" costs so much or why so many have gone or are going bankrupt.

Looking at the "all pensions" DB, the top "pensioner" has been collecting $1.2 MILLION PER YEAR since 2010! On page 1000 we're only down to the $100K per year level. However, that was 1000 pages at 50 pensions per page which yields $100K x 1K pages x 50 per page = $5 BILLION per year. And there are still 21,000+ pages to go! Actually accumulating the individual amounts would probably double or triple the total. Look at page 1000 and browse the job titles there. See how little it takes to get a $100K per year pension. []http://transparentcalifornia.com/pensio ... ?page=1000]

If that isn't enough, in Orange County (and probably others) apparently one does not have to be employed for even one day in order to collect a pension! []http://transparentcalifornia.com/pensio ... /?page=323] In private industry it tipically takes five to ten years to be vested. On the last page there is a person collecting $230 per month for not having worked a day. Others that worked for only 6-7 months have been collecting $400-$500 per month for 10+ years.

While this site is obviously only for California, other states have similar sites (and similar problems). Do a Google search.

I suspect that these are the people that complain how much less public employers pay than private employers! Right! Private industry doesn't even come close (unless you're the CEO, of course).
Clicking on the names for those big-ticket pensions shows a note along the lines of, "Pension amount includes a one-time DROP payout of $$$". Their pension plans include big one-time payments upon retirement, which fall to much smaller annual values after that initial payout. So those $1.4M pensions are just for the first year, not annual.
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