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Unsustainable Public Pensions...?

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Unsustainable Public Pensions...? Empty Unsustainable Public Pensions...?

Post  News Hawk Thu Jul 11, 2013 9:16 am

"MILWAUKEE's Mayor Tom Barrett presides over a $1.42 billion budget and a “company” with some 8,300 employees, but with all that responsibility the Milwaukee mayor only ranks seventh on the list of top paid city employees with $145,635 annual earnings."
http://watchdog.org/94677/public-workers-to-haul-in-multi-million-dollar-lifetime-pensions-study-finds/


"Milwaukee Public Schools Superintendent Gregory Thornton stands to receive the highest pension payout.

Last year, his salary was $265,000, with about $75,000 in fringe benefits.  TUA estimates Thornton’s annual pension at $211,500 with an estimated lifetime payout of a stunning $4.4 million."
'Bet "Billie" Bulger is envious, at only $10,000 per month in Massachusetts...!

('Course, he was forced to resign early!)

Surprised
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Post  News Hawk Thu Jul 11, 2013 9:24 am

...Oooops...'guessed low!

Embarassed 

"...Together, the housing allowance and annuity had boosted the pension from about $179,000 to about $208,000 a year. Now Bulger will get nearly 60 percent of that increase, or $17,000 a year, according to State Treasurer Timothy P. Cahill, who chairs the State Board of Retirement and opposed the richer pension.

"Bulger's lawyer, Thomas R. Kiley, praised the ruling and said the increase would never have been an issue if his client were someone other than Bulger. Before he went to UMass in 1996, Bulger served 35 years in the Legislature, the last 17 as Senate president. The 72-year-old South Boston politician is a legendary powerbroker on Beacon Hill who became a symbol of patronage and corruption for critics, in particular, Governor Mitt Romney."
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Post  WHL Thu Jul 11, 2013 6:08 pm

I don't understand how people can be so stupid to think that we can continue with these kind of retirement benefits.
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