That’s true in some states, but not all. In Florida, you’re vested in the pension plan after 8 years. The whole time you’re employed, you contribute 3% of your salary and your employer contributes 3%.
My youngest son works for the City of Flagstaff and in Arizona you contribute 12% and your employer the same. That’s pretty steep when you think about it, and that’s off the top before taxes, too, I believe. Our county has done a really good job keeping parity with the private sector for the most part. We're still probably 20% below what a similar private sector job would pay with decent benefits. Our benefits are pretty much on par with most private companies. One of my coworkers used to live in Long Beach and was a civil servant. He told me the stories of how lucrative California’s state retirement programs were. I did some work years ago with California Department of Corrections, and those guys told me they got some serious coin at retirement. -D > On Jul 22, 2021, at 7:53 PM, Karl Wittnebel via Mercedes > <mercedes@okiebenz.com> wrote: > > Yeah. Around here the highway patrol, fire and police are the good jobs. > And LADWP. And the schools are teachers union first, kids second. I think > 20% of the city budget goes to pay public employees' pension obligations. > They way overcompensated the benefit program under Riordan before the dot > com crash with crazy benefits based on market assumptions that were also > completely crazy. They get some crazy percentage of their salary per year > served. > > On Tue, Jul 20, 2021, 1:01 PM dan penoff.com via Mercedes < > mercedes@okiebenz.com> wrote: > >> >> >> Civil service, baby. >> >> https://getyarn.io/yarn-clip/0d538925-f918-434e-b3b7-3f3b28a76997 >> >> -D >> >> On Jul 20, 2021, at 10:06 AM, Kaleb Striplin via Mercedes < >> mercedes@okiebenz.com> wrote: >> >> It’s sickening really. I just need to figure out something outside the >> corporate world. Unfortunately health insurance is a huge consideration >> though. >> >> Sent from my iPhone >> >> On Jul 20, 2021, at 11:59 AM, Curt Raymond via Mercedes < >> mercedes@okiebenz.com> wrote: >> >> It's the MBA mindset, "Maximize shareholder profit, get paid yourself, >> get a golden parachute, repeat." >> I swear getting an MBA is just repeating "Layoff anybody who makes more >> than the minimum" over and over. >> -Curt >> >> On Tuesday, July 20, 2021, 9:55:18 AM EDT, Jim Cathey via Mercedes < >> mercedes@okiebenz.com> wrote: >> >> Our company was bought, and really _was_ a valuable acquisition in >> that our products, added to their line, were highly successful. Yet, there >> were multiple layoffs. We were continually told that we were valued by >> corporate, >> and not to worry. That is, until they decided to close the office (what >> remained >> of our original company) altogether and move all support to India. >> (Useless, >> as we'd 'trained' them several times, but nobody stayed there long enough >> to >> remember/retain the training. All real fixes were still done by us.) >> _Our_ >> engineering staff was, IMHO, world-class. India's was just.... world >> market. >> >> This is the same company that had decided to 'save' money by moving our >> extensive >> (and expensive) test lab, housed in an _owned_ building, from eastern WA to >> silicon valley --- where space, labor, and power (significant) are _so_ >> much cheaper! >> They got rid of the building altogether, basically giving it away, and >> moved the remaining >> engineering staff to rented space. Fools. >> >> A (very) few were offered work-from-home status, including me. I decided >> that if I >> was going to work from home, a _different_ offer I had on the table, in a >> different >> industry, was far better. A nice family-run business instead of lying >> corporate asshats. >> >> Screw them. Now I work for a theme park rather than the telecomm industry. >> >> Good luck, you'll probably need it. >> >> -- Jim >> >> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> >> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> >> >> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> >> > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
