Californian city to file for Bankruptcy

[Jimbeaux]

HarryW said:

Just looked up for highway patrol, there are 315 of them drawing over $100k pension, the top ten range from $155k - $180k pa .

The part many are missing is that a fireman making $150,000 can keep 90% as a pension but retire at age 50!

[Deva Link]

Jimbeaux said:

The part many are missing is that a fireman making $150,000 can keep 90% as a pension but retire at age 50!

They don't make $150K. It says they cost that in pay and benefits while they're working. It could be that the cost of providing retired firefighter pensions has been averaged into the cost per employed firefighter.

[Jimbeaux]

Deva Link said:

Jimbeaux said:

The part many are missing is that a fireman making $150,000 can keep 90% as a pension but retire at age 50!

They don't make $150K. It says they cost that in pay and benefits while they're working. It could be that the cost of providing retired firefighter pensions has been averaged into the cost per employed firefighter.

That is an example. Overall, the public sector in that state are overpaid and compensated IMO. The results are evident.

[Deva Link]

Jimbeaux said:

Deva Link said:

Jimbeaux said:

The part many are missing is that a fireman making $150,000 can keep 90% as a pension but retire at age 50!

They don't make $150K. It says they cost that in pay and benefits while they're working. It could be that the cost of providing retired firefighter pensions has been averaged into the cost per employed firefighter.

That is an example. Overall, the public sector in that state are overpaid and compensated IMO. The results are evident.

Sure, but you highlighted an example that isn't actually correct.

[Jimbeaux]

Deva Link said:

Jimbeaux said:

Deva Link said:

Jimbeaux said:

The part many are missing is that a fireman making $150,000 can keep 90% as a pension but retire at age 50!

They don't make $150K. It says they cost that in pay and benefits while they're working. It could be that the cost of providing retired firefighter pensions has been averaged into the cost per employed firefighter.

That is an example. Overall, the public sector in that state are overpaid and compensated IMO. The results are evident.

Sure, but you highlighted an example that isn't actually correct.

Take the benefit cost out of the total and the salary is still mega.

[Deva Link]

Jimbeaux said:

Take the benefit cost out of the total and the salary is still mega.

It does look out of whack yet one of the articles you linked to has a police officer complaining they're badly paid compared to other local forces.

[Jimbeaux]

Deva Link said:

Jimbeaux said:

Take the benefit cost out of the total and the salary is still mega.

It does look out of whack yet one of the articles you linked to has a police officer complaining they're badly paid compared to other local forces.

Maybe compared to other forces in the state of California but not compared to most other states.

[munky]

Deva Link said:

Jimbeaux said:

The part many are missing is that a fireman making $150,000 can keep 90% as a pension but retire at age 50!

They don't make $150K. It says they cost that in pay and benefits while they're working. It could be that the cost of providing retired firefighter pensions has been averaged into the cost per employed firefighter.

but:

BBC said:

A police lieutenant earns about $200,000 (£130,000) a year before benefits, whereas the average wage for an FBI agent, who typically has to have a law degree, is about 30% less.

before benefits. Which I take to mean excluding. Yes, a police lieutentant is not a fireman but still.