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I personally know several dozen State employees that retired and rehired into the same job at the same pay.Quote:
Originally Posted by Nbadan
Actually, they net more because they're not longer contributing to their retirement accounts either.
Make a few calls next week. Ask if the practice exists -- and, for how long.
Oh, and when I've seen them hired back as consultants/contractors, they're being paid more than when they worked at the agency.
Yeah, no offense, but I'll wait for actual statistics to show me that state pensioners retire, collect from TRS and still work their regular jobs for regular pay...Quote:
Originally Posted by Yonivore
I'm not sure that's ever occurred but, it would benefit all retirees; not just the ones still working.Quote:
Originally Posted by Nbadan
Form where are you going to wait for them?Quote:
Originally Posted by Nbadan
It;a right there in the website that was posted earlier....Perry cannot collect both
http://www.ers.state.tx.us/Retiremen...ate_Officials/Quote:
If you accept a position as a state
employee after retirement from the
elected class, you are required to be
a member of the employee class and
to contribute to ERS. You will continue
to receive your annuity payment, and
service credit in the employee class
will provide you additional retirement
benefits.
If you retired with at least eight years of
service, exclusive of military credit as
an elected official, you will be eligible
to transfer employee class service to
your retiree elected class account.
If you return to the Texas Legislature or
any other elected state office, you are
again eligible for membership in the
elected class. Your annuity payments
will stop and be recalculated to reflect
any additional service and resume only
after you no longer hold the elected
position. No other type of employment
affects your rights to retirement
benefits.
In the same universe where $240,000 is greater than $150,000, apparently.Quote:
Originally Posted by Yonivore
You think wrong. You simply are unable to grasp what his point is.Quote:
Originally Posted by Yonivore
Hint: His point has nothing to do with hiring another governor.
Than again, you're just dumb Yoni. That's very likely the reason scott decided he had better things to do.
Quote:
Originally Posted by ElNono
Hard to believe Texas pays Perry to do anything...much less Govern
what a goober state...
Perry gives a whole new meaning to the term 'slick Perry'
http://gawker.com/5868489/all-your-r...-book?tag=2012Quote:
Glen Maxey, the first openly gay member of the Texas State Legislature and longtime Democratic activist, spent most of last summer helping a reporter for a "national news outlet" nail down persistent rumors of Rick Perry's sexual relationships with men. The story got killed. So Maxey has published an e-book laying out the evidence. Among the charges: Rick Perry has a small dick.
In Head Figure Head: The Search for the Hidden Life of Rick Perry, which was published today, Maxey tells the story of a four-month investigation (conducted, oddly, mostly through Facebook messages and chats that he liberally reproduces) he collaborated on with an unnamed reporter. According to Maxey—who, while obviously a partisan, is as far as I can tell not a crank and served 12 years in the state legislature—he located two men who claimed to have had sex with Perry. One was a male prostitute who told associates that Perry had hired him three or four times a year for hotel parties with Perry and an aide. The other was a man who responded to a Craigslist ad allegedly posted by Perry. Along the way, there are dozens of other more tenuous second-hand reports, including one man linked to Perry who pointedly refused to deny the accusations.
It's all very anonymous and hazy and who knows if any of it is true. But the fact that this is coming from a fairly prominent Texas political figure brings it out of the realm of pure rumor and offers an engaging little glimpse into how your news sausage is made (or in this case, not made).
Hey, take it up with ERS. Obviously, the Governor's interpretation of the requirements differ. And, I'm not going to research your out of context paragraph to figure it out. I do notice the bolded sentence says he is "eligible" for membership not that he again becomes a member and maybe that affects whether or not the annuity payments stop. I honestly don't know.Quote:
Originally Posted by Nbadan
I do know, however, the State isn't out any more money with Perry retired than they were when he wasn't.
It doesn't change the fact that the State isn't paying out any more in salary to the Governor -- in fact, with the ERS contribution gone, they're saving $9,000 per year.
The $90,000 annuity is not salary. It is a distribution from Governor Perry retirement account into which he contributed 12% and the State 6% until he retired. If he retired, left office, and got a $300,000 position with some private company, no one would say they were paying him $390,000.
And, depending on whether or not Perry beats the actuary, the ERS isn't out any money either -- but, that would be the case whether or not he was working.
Once again, this is why government shouldn't be in the business of pensions. People like you get their panties in a wad when they think someone is getting away with something they're not.
That's what the position pays and he won election fair and square.Quote:
Originally Posted by Nbadan
I'm sorry, I went and looked anyway and the second paragraph of the .pdf you linked clearly states, "Membership in the elected class is optional."
So, it is possible Governor retired and opted out of membership when he reach the age eligible to draw on the account.
I think part off the problem is you're stuck on the word "retirement" kind of like you were are on the word "waterboarding."
ERS determines eligibility to draw on retirement accounts based on factors other than whether or not you're working. Typically, when people retire, they leave employment and start drawing on their accounts. That doesn't necessarily mean they have to, though.
It's been 11 years as Governor and a few more before that as Lt. Governor.Quote:
If you are a member of the elected class with eight years of service credit, exclusive of military service, you are entitled to receive a monthly annuity upon reaching retirement age. Current law provides this “vested” right to retirement benefits if you do not withdraw your contributions, even though you leave an elected office. You do not have to be a contributing member at the time of retirement.
Quote:
Originally Posted by Yonivore
Nah, I did more research on it and Perry qualifies for retirement under the rule of 80 which ERS determines by a combination of age and years of public service, military service...yada, yada...legally he can start drawing retirement, but from a political and philosophical point, it would have been better for Perry to hold off on drawing retirement until he left public office...Perry is a horrible Governor and this just adds to that horrible legacy..
Okay, so now that we agree he can legally draw an annuity.Quote:
Originally Posted by Nbadan
Can you also admit to the fact the State is getting by $9,000 cheaper as well?
Whether or not you like him as Governor is irrelevant.
No, the state isn't saving anything...he and the state still have to continue to contribute to ERS...there goes your 'savings'...Quote:
Originally Posted by Yonivore
...nice creative financing too....no wonder Republicans can't balance a budget..
Where'd you find that?Quote:
Originally Posted by Nbadan
On the website linked above...
Probably not rail against other people using similar options available to them.Quote:
Originally Posted by Yonivore
I didn't see that. Care to point to the paragraph or should I re-read it?Quote:
Originally Posted by Nbadan
I'm guessing your alluding to something Perry's said?Quote:
Originally Posted by ChuckD
SS allows you to make a grand total of $14K on additional income if you take the early option before you start being heavily penalized.Quote:
Originally Posted by Yonivore
Thank God!Quote:
Originally Posted by ChuckD
Damn, I just saw yoni defend a man sucking off the government teat his entire adult life.