Lodinews.com

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

City should reconsider retirement packages

Print
Font Size:
Default font size
Larger font size

Posted: Tuesday, September 15, 2009 10:00 pm

I read in paper (Aug. 29) about two of our fire captains, ages 52 and 56, who are retiring because the city is offering them an early out to save money. How?

Since this would be public record, maybe you could find out what that offer was and what their annual retirement salary will be.

I see so many times that firemen and police (public safety) are retiring in their early 50s. Isn't this losing some very well trained and qualified employees with many good working years left? Whatever happened to the 60 to 65 retirement years?

I don't blame any of our hard working public safety personnel for the retire benefits they are offered. I do blame the city council and any others that hand out these very generous packages. If my understanding is correct, they can retire after 30 years of service at 90% of their salary plus health benefits, if I'm wrong I know someone will correct me.

I think we had better take a hard look at changing some of these benefit for new employees before we go broke like Vallejo and many other cities. I'm sure I will hear from many that don't like the content of this letter, but it needs to be addressed. Wake up, Lodi!

Dennis Regan

Lodi

Rules of Conduct

  • 1 Use your real name. You must register with your full first and last name before you can comment. (And don't pretend you're someone else.)
  • 2 Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually oriented language.
  • 3 Don't threaten. Threats of harming another person will not be tolerated.
  • 4 Be truthful. Don't lie about anyone or anything. Don't post unsubstantiated allegations, rumors or gossip that could harm the reputation of a person, company or organization.
  • 5 Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 6 Stay on topic. Make sure your comments are about the story. Don't insult each other.
  • 7 Tell us if the discussion is getting out of hand. Use the 'Report' link on each comment to let us know of abusive posts.
  • 8 Share what you know, and ask about what you don't.

Welcome to the discussion.

6 comments:

  • posted at 3:20 pm on Wed, Sep 16, 2009.

    Posts:

    I do not begrudge police/fire people' retirement etc. But, like all of us, cant they be kept on at desk jobs with their years of skills ?? Under the current plan most will be retired more years than they worked. I dont expect them to run up a ladder or chase a suspect over fences, but they have years of experience. Keep them in the system, even in house work, until they are at least 60.

     
  • posted at 11:51 am on Wed, Sep 16, 2009.

    Posts:

    From my understanding that only applies during the time of employment. Here is how I understand it works: Contributions are based upon a changing percentage of the employees set salary. The contribution percentage rates,I believe, are based upon an average of the growth or loss of the investment. During some years the city does not pay anything or pays very little. Other years they pay more. When the investments grow faster, the city pays less. These rates are set for several years to allow cities to do their budget projections. Again as far as I know, upon retirement, the city does not ever pay any type of retirement for that employee again.

     
  • posted at 10:18 am on Wed, Sep 16, 2009.

    Posts:

    El Toro: it is my understanding that the retirement payments are mandated by the state. If their "account" declines, us taxpayers have to pick up the difference. I have never heard of a PERS retirement decreasing. But I could be wrong.

     
  • posted at 9:57 am on Wed, Sep 16, 2009.

    Posts:

    Ok you named 3 people who retired over the last 10 years...dozens have retired in the past 10 years I would estimate. My intent was not say every single cop and firefighter is in a wheelchair or dies within a few years of retirement. Also those who spend more time in management are exposed to less hazards...common sense. There is not a different retirement account for management and line level. Also,If I understand PERS (Public Employees Retirement System) correctly, once the person retires, the city (and us the tax payer) no longer pays a single penny. The payments come from a managed retirement account, much like a 401k. So it saves every single penny in salary and benefits, plus we don't pay their retirement.

     
  • posted at 9:29 am on Wed, Sep 16, 2009.

    Posts:

    El Toro: It does not look like Retired Chief Hansen has too many injuries and how long has he been retired? Also, Retired Chief Adams is doing well. So well that since his retirement, he got a new job with Home Land Security. It won't be long and our current Chief Main will hang up his badge and do something different. So we will be paying for three retired police chiefs at the same time. We can't afford it.

     
  • posted at 7:03 am on Wed, Sep 16, 2009.

    Posts:

    I don't know what their retirement percentage is at what age...it can be looked up in their MOU. The reason is several, public safety employees often suffer injuries thru their career. These injuries often affect them throughout their life and get worst with age. Most have a lower life expectations then the avg. person. So an "earlier retirement" lowers the risk of an older person getting further injured. This reduces the city’s risk of worker comp. etc. The early buy out of these people purchases the required retirement, not their total salary and benefits. On the face it sounds like it cost the taxpayer more. However in bad budget times like this it prevents layoffs of the young, less senior public safety employees because it actually saves the city money. By only “buying” the retirement amount for "X" amount of years as opposed to full salary and benefits, savings to the city of 90% I would estimate of the highest paid senior officials. Benefit to the taxpayer (Savings) benefit to citizens of Lodi by saving line level employees who respond to our needs.

     

Recent Comments

Posted 5 hours ago by Kevin Paglia.

article: Letter: Pastor Frank Nolton forgets abo…

If someone were fired after making donations/speaking in support of LGBT issues how much outcry and mass media condemnation would there be …

More...

Posted 5 hours ago by Jackson Scott.

article: Letter: Pastor Frank Nolton forgets abo…

Nice letter Debbie. What Pastor Nolton forgets in his letter is that every person he identified is a public figure in the business world.…

More...

Posted 5 hours ago by Andrew Liebich.

article: Letter: Pastor Frank Nolton forgets abo…

If one supports the right to marry one should support the right to carry and vice versa, civil rights for all.

More...

Posted 6 hours ago by Joe Baxter.

article: Letter: Little signs show our economy i…

Poor Eric posted: "How does it feel to hope that all of your fellow Americans feel an economic squeeze so that you can cling to your f…

More...

Posted 7 hours ago by Frank Gayaldo.

article: San Joaquin County supervisors approve …

FACT: There is no “recent rash of more sophisticated inmates”. The county jail has been operating under a Superior Court imposed populat…

More...

Video

Popular Stories

Poll

Loading…

Mailing List

Subscribe to a mailing list to have daily news sent directly to your inbox.

  • Breaking News

    Would you like to receive breaking news alerts? Sign up now!

  • News Updates

    Would you like to receive our daily news headlines? Sign up now!

  • Sports Updates

    Would you like to receive our daily sports headlines? Sign up now!

Manage Your Lists