Even after she retires

[Miss America]

San Francisco Police Chief..Heather Fong will receive retirement pension payments of $229,500.00 per year for the rest of her life...

http://www.sfgate.com/c/a/2009/05/31/BAN017TOP0.DTL

And this is only ONE "public servant"..no wonder the taxpayers have such a burden...we're paying retired "public servants" several times the earnings that most of us actually make..

[ValricoKate]

They double dip in Florida. 10 years to be vested in the retirement system.

Let the state go bankrupt.
Sorry you have to live through it but I'm not willing to pay for it.

[Miss America]

They double dip in Florida. 10 years to be vested in the retirement system.

Let the state go bankrupt.
Sorry you have to live through it but I'm not willing to pay for it.

I think that there is a lot of that "double dipping"...and some of them make a heck of a lot more in retirement than the average wage of those who cough up the money to give them the comforts that they enjoy...it's really not right...but I guess that's what happens when "public servants" are allowed to unionize then have sufficient political clout to get wages, benefits and retirement packages what the private sector can't even imagine.

[jobaby1027]

San Francisco Police Chief..Heather Fong will receive retirement pension payments of $229,500.00 per year for the rest of her life...

http://www.sfgate.com/c/a/2009/05/31/BAN017TOP0.DTL

And this is only ONE "public servant"..no wonder the taxpayers have such a burden...we're paying retired "public servants" several times the earnings that most of us actually make..
And then California wonders why they're bankrupt?!?!?!?!?!

[asda1]

Just think, if you guys go bankrupt you can 'renegotiate' that pension.

If I was in CA I'd be hoping for bankruptcy asap.

[kat]

San Francisco Police Chief..Heather Fong will receive retirement pension payments of $229,500.00 per year for the rest of her life...

http://www.sfgate.com/c/a/2009/05/31/BAN017TOP0.DTL

And this is only ONE "public servant"..no wonder the taxpayers have such a burden...we're paying retired "public servants" several times the earnings that most of us actually make..

here's one for ya:

The Illinois House unanimously approved March 28 legislation that
would close the pension loophole used recently by retired Cook County Board Interim President Bobbie Steele to double her pension.


Steele resigned the county commissioner seat to which she won
re-election on Nov. 7 so that she could fill the temporarily vacant
seat of board president. This allowed Steele to collect a retirement benefit based on her four-month salary as president ($170,000) instead of her salary as county commissioner ($85,000), an office she held for more than 20 years.



The move boosted her annual pension to $136,000 a year, with annual cost of living increases as well. It has been estimated that Steele’s exercise of the pension law loophole would likely cost taxpayers in excess of $1 million in additional pension payments.



In 2005, Cook County had $2.2 billion in unfunded pension
liabilities, up from $85 million in 1996. The state is no better off. Years of scrimping on contributions, coupled with benefit increases, has left Illinois with an estimated $45.8 billion pension shortfall, which is among the worst funding records in the county, according to the Chicago Tribune.



http://www.chicagotalks.org/2008/03/29/illinois-house-passes-bill-to-end-pension-loophole-used-by-bobbie-steele/

If I am not mistaken this bill is still hung up in the rules committee.