Sunday, December 20, 2009

GOV'T SCAMS: NYS Pension Retirement System

BEND OVER TAXPAYERS!

More NYS PENSION SYSTEM SCAMS .......
Interesting article in Syracuse Post Standard re: Onondaga County Sheriff's office manipulating the Overtime!

Unfortunately, this is just the tip of the iceberg. SPIKING OVERTIME is standard operating procedure for the NYS Public & Municipal Employees - Teachers, legislators, police, fire, etc.

Let's add the rest of the story. The NYS Pensions are:
NOT SUBJECT TO NYS INCOME TAXES!
They can RETIRE at 55....and
NYS RETIREMENT PENSIONS cost taxpayers 6 TIMES.. YES, SIX TIMES more than a pension received from a PRIVATE sector job!!!

NY Fiscal Watch compared 2 workers making the SAME pay of $100,000, working for the SAME number of years, and retiring at the SAME age. http://www.nyfiscalwatch.com/?p=1859

The PRIVATE Sector worker’s EMPLOYER-PROVIDED retirement benefits valued at the time of retirement will COST $427,500.

The NYS PUBLIC TAXPAYER-PROVIDED retirement benefits...$2,530,000. ... That's right....MMMM Milllion $$...... for a SINGLE EMPLOYEE !!!

A reader notes - this is common practice of teachers that in their last 3 years who become club advisors, coaches and chaperone school events, police officers, firefighters, and numerous individuals that have overtime available to them that are in our incredibly generous New York State pension program. The word is out and anyone that can get overtime uses it for this purpose.

WAKE UP NYS GOVERNMENT!!
Tax payers are getting INFORMED & VERY, VERY ANGRY!
STOP THE POLITICAL BS !!!!