Promises, Promises; Public Union Pens...

Promises, Promises; Public Union Pensions NOT Sacrosanct; Mish...

There are 53 comments on the Mish's Global Economic Trend Analysis story from Nov 15, 2013, titled Promises, Promises; Public Union Pensions NOT Sacrosanct; Mish.... In it, Mish's Global Economic Trend Analysis reports that:

Numerous cities have filed for bankruptcy in recent years, and many more cities are on the brink.

Join the discussion below, or Read more at Mish's Global Economic Trend Analysis.

HighHardOne

Vallejo, CA

#22 Nov 17, 2013
Bald Fat man in a Hula wrote:
<quoted text>You are your own worst enemy, "there will always be a need for Police and Fire" how true that is. The fact is that Vallejo's payments to CalPers retirement system force us to reduce Police and Fire staff to pay for retirees...and you know of course that such retirees do absolutely nothing for Vallejo in retirement.
(t)urd enragement!
You know of course that the city skipped payments to CalPers for many years. Some retirees are helping out at the PD, as volunteers. Unlike your boy Sampayan who cut and ran on FBP Neighborhood Watch Coordinator after the grant money ran out.
lisa psu shill

Vallejo, CA

#23 Nov 17, 2013
HighHardOne wrote:
<quoted text>You know of course that the city skipped payments to CalPers for many years. Some retirees are helping out at the PD, as volunteers. Unlike your boy Sampayan who cut and ran on FBP Neighborhood Watch Coordinator after the grant money ran out.
so he wasn't doing the job because he loved vallejo, he loved the money. sheeesh!
lisa psu shill

Vallejo, CA

#24 Nov 17, 2013
he wanted to be paid too, how about that?
Bald Fat man in a Hula

Fairfield, CA

#26 Nov 17, 2013
HighHardOne wrote:
<quoted text>You know of course that the city skipped payments to CalPers for many years. Some retirees are helping out at the PD, as volunteers. Unlike your boy Sampayan who cut and ran on FBP Neighborhood Watch Coordinator after the grant money ran out.
LOL!
And your rant will help Vallejo balance its structural deficit how? I believe the ex-convict John Allen with the Fighting Back Partnership is working for free right?

(t)urd enragement!
anonymous

Vallejo, CA

#27 Nov 18, 2013
HighHardOne wrote:
<quoted text>You know of course that the city skipped payments to CalPers for many years. Some retirees are helping out at the PD, as volunteers. Unlike your boy Sampayan who cut and ran on FBP Neighborhood Watch Coordinator after the grant money ran out.
And this means So What? COV skipped payments to Pers so that they could keep paying obscene salaries. COV needs to get real about what it can afford, or not.
laughing all the way

Vallejo, CA

#28 Nov 18, 2013
they just can't shut up at vib about riley winning the majority back for the gobs. cry, wail, stomp, shout, then pound sand, vibsters. we won.
laughing all the way

Vallejo, CA

#29 Nov 18, 2013
at least the next five years of gob. all we need in one seat in 2016 to hold the majority. it's on now, where was your voice on nov. 5th vib? huh?
JD the Gin Bloomer

Vallejo, CA

#31 Nov 18, 2013
Sammies raw butt hurts wrote:
<quoted text>Yes the old union bought and paid for clowncil majority skipped payments, used the money to give you raises, and switches retroactively to the more lucrative 3 percent at 50 pension plan, even though older union members paid into the much less lucrative 2.5 at 55. After 30 years of service at 2.5 at 55 retired cops could get 75 percent of their salary in retirement at aged 55. The 3 percent at 50 allowed cops to retire after 30 years of service at 50 with 90 percent of their salary.
Sorry, but you fellows own this!
(t)urd enragement!
And your linky to prove out this creative assertion? Don't give me the W-2 list, show me where we skipped CalPers payments to give raises, etc. I never saw this plan on an agenda during the time we were skipping payments. Everybody was fat, dumb, and happy during the housing boom, including your banker Schivley.
anonymous

Vallejo, CA

#32 Nov 18, 2013
JD the Gin Bloomer wrote:
<quoted text>And your linky to prove out this creative assertion? Don't give me the W-2 list, show me where we skipped CalPers payments to give raises, etc. I never saw this plan on an agenda during the time we were skipping payments. Everybody was fat, dumb, and happy during the housing boom, including your banker Schivley.
Whether of how Schivley voted or not on this, I don't care about. As a younger person I have to pay for it now. Now the numbers don't work no matter what the reason. Its like the housing bubble. No body really cares about fault. Reality is kicking us in the face as taxpayers and will be kicking retirees in the butt soon enough if adjustments aren't made. Don't think so? Look at what happened with the United Airline employees a few years back. They get about 10% of what they thought they were going to. You can be in everyone's face all you want. It doesn't change the numbers. And, just like the election, there are more numbers ready to boot the fat pension plan as soon as possible. The pension bubble will burst soon enough.
lisa psu shill

Vallejo, CA

#34 Nov 18, 2013
i thought there were supposed to be plenty of vallejo residents that would step up to work in the police department? you people whine about cops not living here, but few if any residents put in for the job, so of course we have a department of outsiders, same with city hall staff, mostly outsiders. i believe the only staffer that lives here is the city attorney? time to light a fire under the city manager to get to the truth about recruiting and hiring police officers.
lisa psu shill

Vallejo, CA

#36 Nov 18, 2013
Sammies raw butt hurts wrote:
<quoted text>Why would any employee want to come to Vallejo when the city might be BK at any moment?
LOL!
Good luck with running things now.
(t)urd Enragement!
this is what i call the "ah-ha" moment. so big mouths gomes and brown hurt the recruiting effort by predicting bankruptcy all over the bay area. recruiting and hiring was bad before they shot off their mouths, again. thanks for pointing that out. would you agree that we might not be in bankruptcy again? the city manager said he's not playing that.
anonymous

Vallejo, CA

#38 Nov 18, 2013
When I see lisa psu it means lisa pure s..t unlimited.
lisa psu shill

Vallejo, CA

#39 Nov 18, 2013
lol, it's great to be on the winning team! i can imagine how you felt two years ago when vib took the majority. well, we took it back, and that's that! hooray for jon riley, burky worel, and sam kurshan, hoorayyy!
lisa psu shill

Vallejo, CA

#41 Nov 18, 2013
yes! hoorayy (t)urd enragement too, hoorayyyy! we won!
Captain

Pleasanton, CA

#42 Nov 18, 2013
HighHardOne wrote:
<quoted text>You know of course that the city skipped payments to CalPers for many years. Some retirees are helping out at the PD, as volunteers. Unlike your boy Sampayan who cut and ran on FBP Neighborhood Watch Coordinator after the grant money ran out.
Psss, Vallejo never skipped a single payment. CalPERS told the city they didn't have to pay anything for at least a decade if they approved 3@50 - probably the biggest taxpayer rip-off in CA history thanks to a combination CalPERS lies and incompetence. Of course local governments had to approve the nonsense and Vallejo was one of the first to do so.

Vallejo only compounded the problem by making 3@50 retroactive while also providing public safety with the worst contract I've ever seen (9.62% raises on top of increased pension benefits, that were then made retroactive - which had a significant compounding effect. The city then went on a hiring spree, probably without knowing how much the Police/Fire contract was even costing, spending a tremendous amount short term money on long term financial commitments.

What happened in Vallejo back in 2000/2001 was the pinnacle of bad management, and it's costing taxpayers dearly today. That bad management had everything to do with this city being under union controll, just as the VPOA raises of 7.6% during bankruptcy had everything to do with the Safety unions controlling Vallejo's elected majority during bankruptcy.
anon

United States

#44 Nov 19, 2013
Captain wrote:
<quoted text>
What happened in Vallejo back in 2000/2001 was the pinnacle of bad management, and it's costing taxpayers dearly today. That bad management had everything to do with this city being under union controll, just as the VPOA raises of 7.6% during bankruptcy had everything to do with the Safety unions controlling Vallejo's elected majority during bankruptcy.
Being under union control? That council was controlled by Intintoli, Cloutier, Schivley and Rey. Do you really believe that the union "controlled" that majority? Yes, there was Pitts and Davis as well as Donahue (Pearsall's roommate while between marriage 4-5) but they were not in "control".
anonymous

Vallejo, CA

#45 Nov 19, 2013
anon wrote:
<quoted text>
Being under union control? That council was controlled by Intintoli, Cloutier, Schivley and Rey. Do you really believe that the union "controlled" that majority? Yes, there was Pitts and Davis as well as Donahue (Pearsall's roommate while between marriage 4-5) but they were not in "control".
By then it was Intintoli who called the shots. He was [and still is] pro union, pro subsidized housing, pro helping needy people, no matter who. Pitts, Ray(I have to support my mayor) Donahue, all went along to get along. Schivley and Cloutier were outvoted. The same thing with Davis, Malgapo, Dew, and Roz is about to happen.
The Pilot

Vallejo, CA

#46 Nov 19, 2013
Yes, it's true. Vallejo will be taught a lesson.
NoShowSam

Walnut Creek, CA

#47 Nov 19, 2013
Greey Union Thug wrote:
You'll play hell taking back something already given to us.
Oh yes Spamtard II the no show specialist that likes to threaten folks on the internet, VPD at it's finest. Guess you and your "brothers" had to clean the sh!t out your pants and couldn't make it huh?
lisa psu shill

Vallejo, CA

#48 Nov 19, 2013
i see gomes tried to push a council resolution in support of the pension reform bill she is pimping but it was removed. wonder what the deal is?

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