Erie Bureau of Fire assistant chief to retire

There are 34 comments on the Erie Times News story from Feb 7, 2013, titled Erie Bureau of Fire assistant chief to retire. In it, Erie Times News reports that:

Ray Welch's final day of work at the Erie Bureau of Fire will be Feb. 26, one day before he reaches the mandatory retirement age of 65.

Join the discussion below, or Read more at Erie Times News.

First Prev
of 2
Next Last
Boomer Wang

Erie, PA

#27 Feb 10, 2013
Tacks Know More wrote:
<quoted text>Yep! Your mom and wife pay big bucks for a quart of goo. They pay even more to drink it straight from my tap!
Must be the tap that runs from your ass to your mouth. Put your time to better use Skeeter, give your union boss some head.
Tacks Know More

Erie, PA

#28 Feb 10, 2013
TaxNoMore wrote:
.
.
.
How about listing the FF's who aren't millionaires?
.
.
.
All
*police officers,
*firefighters,
*teachers
*federal bureaucrats
are pension millionaires.
.........
Try reading POST # 11 again, teacher?
You won't because it paints a better picture than what you are trying to depict.
First of all dumbass no teachers or FF's or police currently on pension in Erie make 80K a year. Those that do in this country probably live where the cost of living is higher. You of course omitted that variable. To say that I or anyone else is a millionaire by virtue of the value of their pension is just another way to twist the numbers to depict a lie. A lie you want people to believe because you are jealous. If you were a banker and I wanted to take out a loan for a home for a million dollars, would you underwrite the loan? After all, according to you, I am a millionaire because the value of my pension and hospital benefits exceed a million dollars.
Lets also remind the readers here that anyone with a defined benefit pension does contribute to their pension. Again, you distort the truth by trying to make it appear as if we contribute nothing at all.
I look forward to your next twisting of the numbers. That article you posted is just another lame attempt to get people pissed at the government Union employees who have it good. Sorry that you chose the wrong profession.
tammany hall erie

Erie, PA

#29 Feb 10, 2013
back to walko and pol.....

Where is city council?

Where is the media?

Why doesn't the town have a civil service exam process to prevent unqualified people from being hired?

Why doesn't the union go public?

Why doesn't sinnott get any scrutiny about this?
Devildog

Erie, PA

#30 Feb 11, 2013
TaxNoMore wrote:
TALLY wrote:
I like how people have rated me "clueless" and disagree but shed no information on why they do so.
That makes your ratings credibility USELESS!
30K to 40K for a pension pales in comparison to what the Politicians and CEOS are making.
You disagree?
If you feel I am clueless then site your source and put up some information.
Educate me.
.
.
Read it real slow, it will sink in, I promise.
.
.
The Millionaire Cop Next Door
posted by RICH KARLGAARD
It is said that government workers now make, on average, 30% more than private sector workers.
Put that fantasy aside.
It far underestimates the real figures.
By my calculations, government workers make more than twice as much.
Government workers are America’s fastest-growing millionaires.
Doubt it?
Then ask yourself:
What is the net present value of an $80,000 annual pension payout with additional full health benefits?
Working backward, the total NPV would depend on expected returns of a basket of safe investments–blue chip stocks, dividends and U.S. Treasury bonds.
Investment pros like my friend Barry Glassman say 4% is a reasonable return today.
That’s a pitiful yield, isn’t it?
It is sure to disappoint the scores of millions of baby boomers who will soon enter retirement with nothing more than their desiccated 401(k) s, down 30% on average from 30 months ago, and a bit of Social Security.
Based on this small but unfortunately realistic 4% return, an $80,000 annual pension payout implies a rather large pot of money behind it–$2 million, to be precise.
That’s a lot.
One might guess that a $2 million stash would be in the 95th percentile for the 77 million baby boomers who will soon face retirement.
That $2 million also happens to be the implied booty of your average California policeman who retires at age 55.
Typical cities in California have a police officer’s retirement plan that works as follows: 3% at 50.
As the North County Times of Carlsbad, Calif., explains:
Carlsbad offers its police and firefighters a “3-percent-at-50&#8243; retirement plan, meaning that emergency services workers who retire at age 50 can get 3 percent of their highest salary times the number of years they have worked for the city.
City officials have said that in Carlsbad, the average firefighter or police officer typically retires at age 55 and has 28 years of service.
Using the 3 percent salary calculation, that person would receive an annual city pension of $76,440.
That does not include health benefits, which might push real retirement compensation close to $100,000 a year.
Who are America’s fastest-growing class of millionaires?
They are
*police officers,
*firefighters,
*teachers
*federal bureaucrats
who, unless things change drastically, will be paid something near their full salaries every year–until death–after retiring in their mid-50s.
That is equivalent to a retirement sum worth millions of dollars.
If you further ask the question:
How much salary would it take to live, save a build a $2 million stash over a 30-year career, the answer would be:
somewhere close to $75,000 more than the nominal salary, if you include all the tax bites associated with earning, saving and investing money.
In other words, if a police officer, firefighter, teacher or federal bureaucrat is making $75,000 a year, she is effectively making twice that amount.
Implied in her annual pension payout is that she diligently saved half of her annual salary–after taxes–in order to save, invest and build–again, after taxes–the $2 million pot.
So when you hear that government workers now make, on average, 30% more than private sector workers, you are not getting the full story.
Government workers make more than twice as much as private sector workers, on average, when you include the net present value of their pensions.
http://blogs.forbes.com/digitalrules/2010/06/...
....
Educate me.
I know of no millionair cops or firemen. Name one please...
Devildog

Erie, PA

#31 Feb 11, 2013
I'm a Sergeant with 22 years on the EPD. My base pay is about $68,000. If I retired today I would get $34,000 a year with no pay increase untill my pay is equal to 50% of a class A patrolman's base salary. That could be many years. How does that make me a millionair? You want to compare that to the average pay for Erie? Sure it's a pretty good pension, but I work for it! I work almost all weekends, almost all holidays and work all three shifts changing on the first of every month!I roll around with drunks, get spit on and have blood thrown at me! No, I'm not complaining, but don't expect me to feel guilty for a $34,000 pension. Hell by the time I retire people on welfare will probably have more income than me.
Tacks Know More

Franklin, PA

#33 Feb 11, 2013
tammany hall erie wrote:
back to walko and pol.....
Where is city council?
Where is the media?
Why doesn't the town have a civil service exam process to prevent unqualified people from being hired?
Why doesn't the union go public?
Why doesn't sinnott get any scrutiny about this?
The Union won't go public because you can be fired for this. Then you have to fight to get your job back. Until you do it's tough though.....
Tacks Know More

Franklin, PA

#34 Feb 11, 2013
Devildog wrote:
I'm a Sergeant with 22 years on the EPD. My base pay is about $68,000. If I retired today I would get $34,000 a year with no pay increase untill my pay is equal to 50% of a class A patrolman's base salary. That could be many years. How does that make me a millionair? You want to compare that to the average pay for Erie? Sure it's a pretty good pension, but I work for it! I work almost all weekends, almost all holidays and work all three shifts changing on the first of every month!I roll around with drunks, get spit on and have blood thrown at me! No, I'm not complaining, but don't expect me to feel guilty for a $34,000 pension. Hell by the time I retire people on welfare will probably have more income than me.
I've tried to tell that numb skull this. He adds in the CUMULATIVE value of a pension over X amount of years to get his million dollar figure. Then he adds hospitalization too. This is all to inflame and make the general public despise those who are civil servants and/or who are Unionized government employees.
Thank You for your service to my family and the citizens of Erie Sergeant!
Tacks Know More

Franklin, PA

#37 Feb 12, 2013
Boomer Wang wrote:
<quoted text>
Must be the tap that runs from your ass to your mouth. Put your time to better use Skeeter, give your union boss some head.
I would but you keep running interference so I guess I will have to settle for your wife, daughters and your mom. I sure love taco meat!
Tacks Know More

Franklin, PA

#38 Feb 12, 2013
TaxNoMore wrote:
<quoted text>
.
.
.
With 22 years on the EPD, could you have saved $1,000,000?
.
.
1 million divided by 22 =$45,454.55.
.
.
You would have to save $45,454.55 a year for 22 years
.
.
You are a pension millionaire.
WOW! Based on that logic and way of thinking, my power ball lottery ticket for a drawing that hasn't been done yet, is worth MILLIONS!
You also omit the fact that we don't get our pension as a lump sum. We can't borrow against it nor can we get our distributions ahead of time once we start drawing. You're inflating the numbers in an attempt to prejudice the common people against Government Union employees.
Based on "future earnings" you are probably a millionaire too if we add up ALL the "potential" revenue you will have coming in in the next 20 years.
Amazing the twisting games you try to play DENNIS!
Tacks Know More

Erie, PA

#39 Feb 12, 2013
Tacks Know More wrote:
<quoted text>I would but you keep running interference so I guess I will have to settle for your wife, daughters and your mom. I sure love taco meat!
I love taco meat so much I eat it fresh from my ass. Nothing like Taco Bell for dinner in my trailer. Yes I am a well educated Public School Teacher.
TALLY

Franklin, PA

#40 Feb 12, 2013
Tacks Know More wrote:
<quoted text>
I love taco meat so much I eat it fresh from my ass. Nothing like Taco Bell for dinner in my trailer. Yes I am a well educated Public School Teacher.
....and nothing like you being SO OWNED by someone that you have to hi-jack their handle. Man that is lamer than FDR's legs dude!
Tacks Know More

Franklin, PA

#42 Feb 12, 2013
TaxNoMore wrote:
<quoted text>
.
.
Amazing,you are a pension millionaire and you are unable to comprehend how it all works.
Amazing
I understand EXACTLY how it works. I understood it from day one when I began teaching. I do my job and part of my compensation is a defined benefit pension. Over the years many of your ilk have whittled away at the pay and benefits of the working class but alas those stubborn Unions are just TOO strong. How would one over come that? By crying poor and trying to turn others who have it worse, against the Unions. Doom and gloom is the battle cry. No one seems to mention the politicians compensation packages out of control and everyone forgets about the wasteful spending on welfare. Just those pesky Government Unions. YES, they are to blame! Gimme a break. If you had your way you'd have everyone working for minimum wage. 401K's for retirement is the biggest scam going on in this country today.
You've been worshiping Glenn Beck for too long! Yes, I understand perfectly! You are jealous.
boomer

Ocala, FL

#43 Feb 12, 2013
Poor Poor tax no more(dennis),at least your good for something,the biggest Azzhole around,get a REAL life!
boomer

Ocala, FL

#44 Feb 12, 2013
boomer wrote:
Poor Poor tax no more(dennis),at least your good for something,the biggest Azzhole around,get a REAL life!
Tax no more,AKA-civil service exam(FAILURE).

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 2
Next Last

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.

Fire Discussions

Title Updated Last By Comments
News Looking Back at Monterey County: Fire on Canner... Tue Joe 1
News Chemical leak closes highways Tue Doctor Mayo 2
News Lawrence Town Board rescinds decision to consol... Mon Tax Payer 3
News Anglesey garage re-opens less than a month afte... Mon Gawaine 1
News Michael Jackson's Alligators Die In Zoo Fire Mon Like a Baby 6
News Family members rescue young children from house... Sun Farter 2
News The Burning Hatred that Divides OdessaBy Anna N... Sun FASCIST Ukraine 2
More from around the web