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Superintendent will draw 100k pension, plus continue 150k job
04-05-2011, 11:56 AM
Post: #1
Superintendent will draw 100k pension, plus continue 150k job
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Mr. Bejarano is one of an increasing number of public employees here who are retiring one day and going right back to the same jobs the next, enabling them to supplement their income with retirement benefits without really retiring at all. The practice, restricted under Arizona law but common nonetheless because of loopholes, has come under fire recently from critics who say such “double dipping” is endangering the financial health of state pension funds.

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That he will receive the same salary and benefits of about $150,000 a year, along with a pension of about $100,000, has angered many local residents because Mr. Bejarano’s own financial restructuring comes as the struggling school district he oversees is planning to lay off staff members and close two schools.

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http://www.nytimes.com/2011/04/02/us/02s...ndent.html

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04-05-2011, 01:01 PM
Post: #2
RE: Superintendent will draw 100k pension, plus continue 150k job
I worked while putting money into my pension plan (worked for the community colleges for almost 25 yrs.). When I retired my pension amount each month did not come close to what I earned when working. My pension is frozen. The problem is not the pension plan for public workers, it is the pension plan for elected public officials. They are the ones who serve less years, and to be honest if one wants to be nitty about this they are actually considered temp. workers.
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04-05-2011, 02:34 PM
Post: #3
RE: Superintendent will draw 100k pension, plus continue 150k job
(04-05-2011 11:56 AM)Still a Democrat Wrote:  ...

Mr. Bejarano is one of an increasing number of public employees here who are retiring one day and going right back to the same jobs the next, enabling them to supplement their income with retirement benefits without really retiring at all. The practice, restricted under Arizona law but common nonetheless because of loopholes, has come under fire recently from critics who say such “double dipping” is endangering the financial health of state pension funds.

...

That he will receive the same salary and benefits of about $150,000 a year, along with a pension of about $100,000, has angered many local residents because Mr. Bejarano’s own financial restructuring comes as the struggling school district he oversees is planning to lay off staff members and close two schools.

...

http://www.nytimes.com/2011/04/02/us/02s...ndent.html
Not good! And not Fair! Double Dipping, WTF!

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