Bethlehem faces pension problems

Bethlehem faces pension problems

There are 15 comments on the WFMZ story from Nov 9, 2012, titled Bethlehem faces pension problems. In it, WFMZ reports that:

It's not a popular decision but Bethlehem Mayor John Callahan says the city needs to raise taxes to avoid falling off its own fiscal cliff.

Join the discussion below, or Read more at WFMZ.

Ceelee

United States

#1 Nov 9, 2012
I thought the surrounding areas were supposed to get a property tax break from the casino revenue. Another sham
Ex times

Allentown, PA

#2 Nov 10, 2012
Ceelee wrote:
I thought the surrounding areas were supposed to get a property tax break from the casino revenue. Another sham
Callahan announces casino entertainment and single hauler garbage collection tax with Debbie Wasserman Schultz at his side ?

Since: Sep 09

Location hidden

#3 Nov 10, 2012
Ceelee wrote:
I thought the surrounding areas were supposed to get a property tax break from the casino revenue. Another sham
When elected officials receive funds, doesn't matter where it comes from, they will spend it! There is no such thing as long term planning in government.
The words (promises) that come out of a politicians mouth is called rhetoric and is immediately forgotten until the next election.
The residents/taxpayers are the bottomless funding pit for these financial morons.
Ex times

Allentown, PA

#4 Nov 10, 2012
Challenger99 wrote:
<quoted text>
When elected officials receive funds, doesn't matter where it comes from, they will spend it! There is no such thing as long term planning in government.
The words (promises) that come out of a politicians mouth is called rhetoric and is immediately forgotten until the next election.
The residents/taxpayers are the bottomless funding pit for these financial morons.
They're not as dumb as they look . Spread enough cheese around and all the financial problems will go away as announcements like this come out from the democ rats mouths.

Somewhere in each elected official house is another Manchurian Candidate being groomed to sock it to the American public..

Ex Times

Allentown, PA

#5 Nov 13, 2012
The property and entertainment tax will not even cover pension obligations for 2013 . Slamming on the one hauler only gets the trucks off the roads earlier . I will not pay to see Paul Anka or Mrs Sadaka sing about doing his sweet sixteen little sister .

It only gets worse in future years .

Calc

Blandon, PA

#6 Nov 14, 2012
Here's a suggestion... Do away with pensions all together and make people save for their own retirement. Public funded pensions are a joke and weight down the growth.
Ex times

Allentown, PA

#7 Nov 14, 2012
Calc wrote:
Here's a suggestion... Do away with pensions all together and make people save for their own retirement. Public funded pensions are a joke and weight down the growth.
The public employment retirement systems invests more than 80 billion in Pennsylvania businesses.

401 (K) plans designed to supplement defined benefit pension plans are failing to accumulate enough to meet the basic living expenses.

Millions of Pennsylvanians with 401 (K) as their primary source of retirement income retire and find they cannot pay their basic living expenses .

Do you really believe adding hundreds of thousands of public employees to the growing number of people with insufficent retirement income is going to be helpful for Pennsylvania's economy ?
Calc

Springfield, NJ

#8 Nov 14, 2012
Ex times wrote:
<quoted text>
The public employment retirement systems invests more than 80 billion in Pennsylvania businesses.
401 (K) plans designed to supplement defined benefit pension plans are failing to accumulate enough to meet the basic living expenses.
Millions of Pennsylvanians with 401 (K) as their primary source of retirement income retire and find they cannot pay their basic living expenses .
Do you really believe adding hundreds of thousands of public employees to the growing number of people with insufficent retirement income is going to be helpful for Pennsylvania's economy ?
Actually, this has been a problem for a long time not just here but everywhere. End the pensions now, supplement those who are currently on pensions and in the future do away with them. Tax payer funded retirement plans paid for by people who can't afford their own retirement is just plain ridiculous.
Ex times

Allentown, PA

#9 Nov 14, 2012
Calc wrote:
<quoted text>
Actually, this has been a problem for a long time not just here but everywhere. End the pensions now, supplement those who are currently on pensions and in the future do away with them. Tax payer funded retirement plans paid for by people who can't afford their own retirement is just plain ridiculous.
I think the teachers unions and individual school districts have upped the anty for new hires medical and pension contributions .

I doesn't do anything to relieve the taxpayer or state of the responsibility of paying these school districts taxes or the pensions for teachers that are currently in the program. The taxpayer and state (us) are the same donkey in this horse and pony show ?

If you can believe State representatives , State employees , and School pensions offer any benefit to Pa, I know of quite a few homes you can buy cheap in New Jersey and Staten Island .

You can read it here by typing in :

Public pensions offer many plusses to Pa. economy
By Stephen M. Vak
Ex times

Allentown, PA

#10 Nov 14, 2012
Calc wrote:
<quoted text>
Actually, this has been a problem for a long time not just here but everywhere. End the pensions now, supplement those who are currently on pensions and in the future do away with them. Tax payer funded retirement plans paid for by people who can't afford their own retirement is just plain ridiculous.
Laws are in place in the Pa State to protect any underfunding of pensions being placed on the responsibility of pensioners . The State and taxpayer bear the brunt of any underfunding .

Since the 2005 pay raise that raised the state legislator pay from
$70.000.00 to $81,000.00 and was repealed benefits and COLA's have increased legislators pay to $ 82,000.00 . In 2011.

There just isn't any way to win the taxpayer fight to decrease taxes in all the hundreds of state , municipal , borough pension obligations . Maybe another Tsunami like Sandy of Biblical calamity proportions . Until that happens you will just have to wait around , watch retirement pensions eat your money or move somewhere ?

Back to callahan and the subject matter of "Bethlehem faces pension problems" They aren't facing it or fixing it . "It" can only get worse. Getting rid of them isn't an option . The mayor of Allentown doesn't get it yet and neither does the Bethlehem mayor.
Calc

Blandon, PA

#11 Nov 14, 2012
Ex times wrote:
<quoted text>
I think the teachers unions and individual school districts have upped the anty for new hires medical and pension contributions .
I doesn't do anything to relieve the taxpayer or state of the responsibility of paying these school districts taxes or the pensions for teachers that are currently in the program. The taxpayer and state (us) are the same donkey in this horse and pony show ?
If you can believe State representatives , State employees , and School pensions offer any benefit to Pa, I know of quite a few homes you can buy cheap in New Jersey and Staten Island .
You can read it here by typing in :
Public pensions offer many plusses to Pa. economy
By Stephen M. Vak
I see your point, I really do. But paying for someone to retire is no longer in the best interest of the tax payer. We pay the taxes to pay their salaries while they are working. It should be up to them to invest, save, etc. to keep afloat in their retirement.

I have to ask, if the pensions are so good for the economy of Pennsylvania, why then is the pension system and the economy in such shambles?
Ex times

Allentown, PA

#12 Nov 14, 2012
Under the Ridge administration he and the legislators were living on a pay and pension longevity thinking that the pension investments were so high that public employees could go for 40 years without any employee contributions ?

Then 2008 and the pension funds have been underfunded by millions or billions and growing .
I'd have to look the exact figures up but you get the idea !

I think it's going to get worse under the Obama plan , whatever that will bring . He has to take care of the 47 % that Romney said he knew he couldn't count on . No bull ,in Philly alone $%%^&*($#@@ what's the use in explaining it , we know where the Obama vote came from.
Ex times

Allentown, PA

#13 Nov 14, 2012
Calc wrote:
<quoted text>
I see your point, I really do. But paying for someone to retire is no longer in the best interest of the tax payer. We pay the taxes to pay their salaries while they are working. It should be up to them to invest, save, etc. to keep afloat in their retirement.
I have to ask, if the pensions are so good for the economy of Pennsylvania, why then is the pension system and the economy in such shambles?
Public pensions aren't good for the economy . When teachers and state workers can retire with 80 some % of their working salary, get social security and cheaper medical paid by the taxpayer they retire on more than their working salary. Then every once and a while they ask for a cost of living allowance to keep from having their basic living expenses eroded by inflation .

Give me a break !

Calc

Blandon, PA

#14 Nov 14, 2012
Ex times wrote:
<quoted text>
Public pensions aren't good for the economy . When teachers and state workers can retire with 80 some % of their working salary, get social security and cheaper medical paid by the taxpayer they retire on more than their working salary. Then every once and a while they ask for a cost of living allowance to keep from having their basic living expenses eroded by inflation .
Give me a break !
I couldn't agree more.
Ex times

Allentown, PA

#15 Nov 14, 2012
A lot of PSEA and union money has been contributed to elected legislators to pass laws that make you , me and all the taxpayers responsible for all the bennies state workers get.

The whole lot of crooked people in this state makes it look and smell like a pig sty . You won't get any of them to agree with you or make any waves or changes to a system that would have to have a congressional panel convened before they would even start to look at pension problems .

Non of these suk^$$ money grabbers will get on these sites and debate anyone about pension underfunding . The taxpayer of Pa will keep paying til we get rid of all of them .

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Allentown Discussions

Title Updated Last By Comments
News Barack Obama, our next President (Nov '08) 2 min Realtime 1,566,034
News Thousands Protest Roe V. Wade Decision (Jan '08) 14 min weaponX 315,291
News The Machine, Pink Floyd tribute, coming to Alle... 21 hr weaponX 1
News Man exposes himself near agency for abused chil... 23 hr weaponX 2
News PA Off-Duty Cop Gets Knock on House Fire with E... Mon weaponX 1
News Tamaqua man who didn't return to jail is caught Sun Theorist 1
News Get furnace checked or face a fine (Nov '14) Sun weaponX 144

Allentown Jobs

More from around the web

Personal Finance

Allentown Mortgages