City of San Diego Pension Debt Now Over $3 Billion

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beagleboy
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City of San Diego Pension Debt Now Over $3 Billion

#1

Post by beagleboy »

https://www.sandiegonewsdesk.com/2020/0 ... 3-billion/

Seems like a lot.

Chicago's total pension debt owed is $46 billion.

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Illinois (including Chicago) owes about $136 billion to its employees pensions.
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beagleboy
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Re: City of San Diego Pension Debt Now Over $3 Billion

#2

Post by beagleboy »

Will the protests in France happen here eventually?

The ultra low interest rates are making this worse and worse. As bonds get called / mature and the re-investment risk hits with 1/2 the yield, it's going to get far worse down the line.
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Stapes
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Re: City of San Diego Pension Debt Now Over $3 Billion

#3

Post by Stapes »

I wonder how many of those pension plans would be fully funded and healthy if they weren't used as a slush fund for shady lawmakers.
I blame Biker.
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necronomous
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Re: City of San Diego Pension Debt Now Over $3 Billion

#4

Post by necronomous »

Stapes wrote: Fri Jan 31, 2020 5:00 pm I wonder how many of those pension plans would be fully funded and healthy if they weren't used as a slush fund for shady liberals.
Who knows
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Charliesheen
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Re: City of San Diego Pension Debt Now Over $3 Billion

#5

Post by Charliesheen »

How's this sound? Push paper for the state for 30 years. Move to SF for the last two or three, where the cost of living is much higher, and get those high salary years on the books. Or better still, take advantage of off those unused months of sick leave. Take cash payouts, a month at a time, to spike your salary for that pension calculator.

Hang it up at 53, and collect a solid cola'd 6 figures for another 30 years.
A cunt is a cunt by any other name.
spudoc
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Re: City of San Diego Pension Debt Now Over $3 Billion

#6

Post by spudoc »

Charliesheen wrote: Sat Feb 01, 2020 4:14 pm How's this sound? Push paper for the state for 30 years. Move to SF for the last two or three, where the cost of living is much higher, and get those high salary years on the books. Or better still, take advantage of off those unused months of sick leave. Take cash payouts, a month at a time, to spike your salary for that pension calculator.

Hang it up at 53, and collect a solid cola'd 6 figures for another 30 years.
And here you are bitching about others pay and benefits again. How about you complain about CEOs who suck at their job and after three or four years of incompetence walk away with $50-$100 million dollar severance packages?
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CHEEZY17
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Re: City of San Diego Pension Debt Now Over $3 Billion

#7

Post by CHEEZY17 »

spudoc wrote: Sat Feb 01, 2020 4:18 pm
Charliesheen wrote: Sat Feb 01, 2020 4:14 pm How's this sound? Push paper for the state for 30 years. Move to SF for the last two or three, where the cost of living is much higher, and get those high salary years on the books. Or better still, take advantage of off those unused months of sick leave. Take cash payouts, a month at a time, to spike your salary for that pension calculator.

Hang it up at 53, and collect a solid cola'd 6 figures for another 30 years.
And here you are bitching about others pay and benefits again. How about you complain about CEOs who suck at their job and after three or four years of incompetence walk away with $50-$100 million dollar severance packages?
Both are wrong. Why is that so hard to acknowledge?
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
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B-Tender
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Re: City of San Diego Pension Debt Now Over $3 Billion

#8

Post by B-Tender »

Charliesheen wrote: Sat Feb 01, 2020 4:14 pm How's this sound? Push paper for the state for 30 years. Move to SF for the last two or three, where the cost of living is much higher, and get those high salary years on the books. Or better still, take advantage of off those unused months of sick leave. Take cash payouts, a month at a time, to spike your salary for that pension calculator.

Hang it up at 53, and collect a solid cola'd 6 figures for another 30 years.
Charlie and I don't agree about everything in politics, but he's got this one nailed.
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Charliesheen
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Re: City of San Diego Pension Debt Now Over $3 Billion

#9

Post by Charliesheen »

spudoc wrote: Sat Feb 01, 2020 4:18 pm
Charliesheen wrote: Sat Feb 01, 2020 4:14 pm How's this sound? Push paper for the state for 30 years. Move to SF for the last two or three, where the cost of living is much higher, and get those high salary years on the books. Or better still, take advantage of off those unused months of sick leave. Take cash payouts, a month at a time, to spike your salary for that pension calculator.

Hang it up at 53, and collect a solid cola'd 6 figures for another 30 years.
And here you are bitching about others pay and benefits again. How about you complain about CEOs who suck at their job and after three or four years of incompetence walk away with $50-$100 million dollar severance packages?
Don't like Boeing's executive compensation? Dump their stock. Don't buy their planes. Boycott airlines who fly them. What's my recourse as a taxpayer?
A cunt is a cunt by any other name.
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AnalHamster
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Re: City of San Diego Pension Debt Now Over $3 Billion

#10

Post by AnalHamster »

The Holy Market never fails, a $60 million payoff for a total failure of a CEO who has lead the company to losing 10 billion and severely damaged its reputation is just the efficient allocation of resources.
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Charliesheen
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Re: City of San Diego Pension Debt Now Over $3 Billion

#11

Post by Charliesheen »

No it's a travesty. And if the stockholders have a problem with it then they should sack the board. If you don't own shares why is this even your concern?
A cunt is a cunt by any other name.
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