15.1% hell why not 20%??
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  1. #1
    Unregistered
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    15.1% hell why not 20%??

    Is Joe Biden running the pension board now? Jumped the gun last year when market took a dip and immediately corrected. Now 15.1%??

  2. #2
    Unregistered
    Guest
    Somebody didn't get a 13th check. Rock on Pension Board

  3. #3
    Unregistered
    Guest
    Just remember, cutting $23,000,000 in 13th checks this year has NOTHING to do with contributing members needing to pump about $21,000,000 into the pension next year to keep it in the black. Absolutely nothing. Don't bother calling or e-mailing, because spending $23,000,000 has nothing at all to do with needing to collect $21,000,000. You all are idiots if you think one has anything to do with the other.

  4. #4
    Unregistered
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    The 13th check has been distributed throughtout the life of the pension and is calculated on the earnings of the yhe fund. The pension contributions are not adjusted to compensate for that check. The 13th check is only a small portion of the fund's earnings when the fund returns over a set percentage. It is not the total earnings for the year so the bulk of the yearly earnings go back into the fund idiot

  5. #5
    Unregistered
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    Quote Originally Posted by Unregistered View Post
    The 13th check has been distributed throughtout the life of the pension and is calculated on the earnings of the yhe fund. The pension contributions are not adjusted to compensate for that check. The 13th check is only a small portion of the fund's earnings when the fund returns over a set percentage. It is not the total earnings for the year so the bulk of the yearly earnings go back into the fund idiot
    That's right you dummies. Taking $23,000,000 out has NO AFFECT on the calculation that we need to add $21,000,000, and that the city needs to add $28,000,000 next year.

    It's not like if that $23,000,000 were still in the fund we'd only have to add $11,000,000, and the City would only have to add $15,000,000. That's not how math works!

  6. #6
    Unregistered
    Guest
    Quit crying and pay your dues like all the rest of us have had to do over the years and then you will get your 13th check.

  7. #7
    Unregistered
    Guest
    Pay your dues and take your calls. Quit being pu$$ies

    You’re not going anywhere or going to do anything about it. For those that contributed to my 13th check I would like to say …..

    Hahahahahahahahahah thanks B!tches!

  8. #8
    Unregistered
    Guest
    Yeah, crit crying you pu$$ies! We paid our 5.5%! It's YOUR turn to pay up for those of us on fixed incomes. These F350 payments aren't going to make themselves! Hahahahaha!

  9. #9
    Unregistered
    Guest
    Actually genius, we didn't pay 5.5%, it was more like 20% plus so that the fund is where it is today. Maybe you should thank one of those older guys on the fixed income for the benefit that you might get if you can make it to the end.

  10. #10
    Unregistered
    Guest

    14.7% in 2011

    Quote Originally Posted by Unregistered View Post
    Actually genius, we didn't pay 5.5%, it was more like 20% plus so that the fund is where it is today. Maybe you should thank one of those older guys on the fixed income for the benefit that you might get if you can make it to the end.
    Just checked the 30 year pension contribution on the website and the highest it has been in the last 30 years was 14.7%. So, I’m just curious, what year or years were you paying in 20%?

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