Mt. Vernon Register-News

Opinion

February 15, 2013

Private and public pensions - no comparison

(Continued)

Rip, political corruption and health care/public pensions should provide you with unlimited journalistic fodder. Let me relate one example: I retired from General Tire in 1996 with over 30 years of service and, as you know, was well compensated. I also taught eight years part-time at Akron University plus one year on Green City Council and eight years as mayor. This totaled for pension purposes nearly 16 years.

"This entitled me to a public pension plus health care benefits for me and Judy. This pension increases by 3 percent each year AND they reimburse me for my payment to Medicare, over $100 per month. My pension from PERS (acronym for Public Employee Retirement System) exceeds my GTR pension by nearly $300 per month!

"This just ain't right. And the public pension will continue to increase for the rest of my life. In 10 more years, the public pension will exceed the GTR pension by 50 percent! Truly unbelievable!   Dan”

I work out with a union leader that represents faculty and employees at a large university. You would probably be amazed to find that we agree on a lot of things in the area of treating people with dignity and health care being provided for all our citizens. I admire the guy for raising five kids and sacrificing to see that they are all well educated in professions with a future. I suspect a lot of credit goes to Mom also. I jokingly tell him that he is a good father because he married over his head. We discuss issues from time to time.

I broached the issue of my colleague’s email with him and he rightfully reminded me that most of the items were copied from the public sector. I explained to him that he was probably right, but the items that almost put General Motors and other companies out of business caused change because the customers were not willing to pay for them and their unions lost over 300,000 jobs as they fled to China and elsewhere.

Text Only
Opinion
  • Why Obama shouldn't go to Ferguson On Monday, ABC’s Ann Compton asked President Barack Obama whether he would visit Ferguson, Missouri, amid the continued unrest. Obama didn’t give a firm answer, but he did suggest it’s probably not a good idea.“When they’re conducting an investigatio

    August 20, 2014

  • Food stamps' $80B secret spending program Imagine a government program that has exploded in size, is the subject of bitter partisan haggling and spends almost $80 billion a year in secret.No, not the National Security Agency, the Central Intelligence Agency or the Department of Homeland Secu

    August 20, 2014

  • Vouchers provide greater choice I was chatting the other day with a fellow who, along with his wife, homeschool his children. We joked about the stereotype: Moms in denim skirts.But then he expounded on the benefits his youngsters have derived from being taught at home: a customize

    August 20, 2014

  • A rare experience Alexandra Petri’s editorial, “What exactly are we seeing in Ferguson” is well written and did something which has increasingly become a rare experience for me. Her article caused me to think!Petri makes the case for media coverage of American events,

    August 19, 2014

  • Naive? Simple? I will admit outright that I may be a little naïve and tend to look at things through a simple prism. I received a suggestion for a column with an accompanying article written by By Reed Abelson and Eric Lichtblau concerning the failure of our govern

    August 19, 2014

  • Don't pass 'coup clause' with a security waiver It is a sad reality that national security waivers often render human rights laws moot, inviting the government to overuse the loophole to accommodate immediate needs. The “coup clause,” which mandates foreign aid suspension to countries after a mili

    August 19, 2014

  • Clinton could end up like Gore Although we’re all still sort of pretending that it remains to be seen whether Hillary Clinton will run for president in 2016, she recently gave the most definitive confirmation she has to date of her impending candidacy. No, she didn’t say the words

    August 16, 2014

  • Guru will work for food ‘At the height of its power, the photography company Kodak employed more than 140,000 people and was worth $28 billion dollars. They even invented the first digital camera. But today Kodak is bankrupt, and the new face of digital photography has beco

    August 16, 2014

  • Ferguson police fumbled protests From the chief of the police department to the president of the United States, government officials on Thursday promised a different approach to the racially-charged unrest in the St. Louis suburb of Ferguson. But the situation demands a lot more tha

    August 16, 2014

  • A better tax code solution: taxing consumption According to much conventional wisdom, the flap over corporate “tax inversions” is just the latest evidence that the tax code needs a comprehensive overhaul like the one agreed to by congressional leaders and President Reagan in 1986.Whether you cons

    August 15, 2014

Twitter Updates
Facebook
Stocks