Check out this new feature produced by the folks at the Manhattan Institute. At calculateyourpension.com/NC/ all of us poor saps in the private sector can calculate the pension you would receive if you were a state employee. For instance, if you worked for 40 years and retired at age 65 with an average annual salary of $90k over the last four years, you would have an annual pension payment of more than $65,000. In other terms, you would have the equivalent of a roughly $1 million lifetime annuity at the time of retirement.
In recent years, the N&O has spotlighted some state retirees making eye-popping pensions.
State lawmakers need to act sooner rather than later to reform this retirement system that continues to put a greater strain on hardworking taxpayers. One such reform that would be a great first step would be to transition from a defined benefit system to a 401(K)-style defined contribution plan for state workers. This would eliminate the practice of state workers padding their final years’ salaries to beef up their pension – the only way to increase their retirement fund would be to increase the amount they contribute from their paychecks (like most of the rest of us).
So my brother works for progress energy a private corporation- he has a BA and 28 years experience. He makes 179k and has an expense account for $150 dollars a day for just meals he also works 4 days a week with fridays off (sweet huh?) – my sister is a public school teacher with a MA and 22 years experience-she works 5 days a week during the school year and 6 days a week at her summer job valet parking at the ctry. club- her per diem is $35 a day when she has to attend a state mandated meeting out of town- what confuses me is that I have to pay for my energy from progress (they have a monopoly) I have to pay my taxes (to support public works). I personally think I am getting more bang for my buck paying taxes- so please show me how wrong I am Mr. Balfour if my comment makes it past your master pope
Both entities are gov’t created monopolies. Enable competition in both fields and you will see prices come down and quality improve.
And how much bang for my taxpayer buck am I getting from you trolling internet sites on a government computer? I’m sure the folks of Macon County would love to know.
ah civitas goes after a pvt citizen for questioning their propaganda… typical of course govt. employees are not allowed to read porn on govt computers so you might have a point Brian and isn’t this site really just conservative pornography?
Oh No stalkers at civitas have discovered that their site violates usage laws because it is too profane for public viewing LOL!!! you said it… I am curious as to why you would think the fine citizens of Macon would be upset by a county worker using their desktop to read the news on their off time? really seems petty… fyi I also checked my churches bulletin to see if had coffee hour this Sunday -so be sure to report that as well oh and I read the news on cbs, abc, fox,huffpost ncpolicy and john locke
So I am interested in how you seem to agree with me but then turn it into an attack and “threat” -seems very petty, but if it makes you feel you have made the world safer for your propaganda; then by all means go after me. I will provide you with my supervisor’s contact info. and you can ask him if it is against policy for me to come to work on my days off and use my desktop to catch up on NC news while I am running reports and filing. I am very confident that Macon gets very good value from my work ethic- but if you want to use your bully pulpit to after pvt. citizens or use your tech. resources to “stalk” them, when they have a diff. of opinion then fine Brian be petty… I googled you and I am curious..where are you from Brian- no bio no info. on you out there- and remember I am an American and whether you agree with my opinions or not in America we still have to the right to them- I have to get back to work now… not paid -but necessary so make a BIG deal out of how govt. workers are coming in on so many of their days off- my computer usage will certainly back that up as I spend many saturdays at the office. your own sites mission statement says your work is to “empower citizens to become better civic leaders and more informed voters” which is misleading in itself as you do little to promote NCs people instead focusing on just one person and his interests
quite an information dump there – did something touch a nerve?
Thanks for the laughs, keep on posting your inane comments, they are always good for a chuckle.
thanks Brian .. I will- I like to make people chuckle.