tag:blogger.com,1999:blog-21123853.post5087535542549592868..comments2024-02-12T04:30:53.556-05:00Comments on Tim White Listens: Some municipal pension plans of CT townsTim Whitehttp://www.blogger.com/profile/16588518063096822071noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-21123853.post-69505841302204171972009-03-25T20:01:00.000-04:002009-03-25T20:01:00.000-04:00Same goes for the sup. of schools and the town man...Same goes for the sup. of schools and the town manager. Over paid and under workedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-75088360920025745712009-03-23T19:55:00.000-04:002009-03-23T19:55:00.000-04:00I couldn't believe the Police Chief asked for a ra...I couldn't believe the Police Chief asked for a raise from 93k to 107k. It seems that he was recently made chief and I would suppose he got a pretty good bump. <BR/><BR/>There have been cases in other town where the Police chief got a pretty good raise and then retired within a few years. Since the retirement amount is, I believe based of the last 3 highest years earnings, a significant raise could provide a good reason to retire, and this is just the opposite of what a raise is intended for. <BR/><BR/>I noticed that someone mentioned that the chief may not be making an amount comparable to surrounding towns. Well, who really cares. At 93k or less, there would be many qualified applicants who would be very happy with the salary. Should we look at other towns trash contracts and if we find that they are paying more, should we pay our contractor more?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-9576194786668518822009-03-23T19:12:00.000-04:002009-03-23T19:12:00.000-04:00more specifically, I was wondering about the 4.5% ...more specifically, I was wondering about the 4.5% / 12.7% ee / er match.<BR/><BR/>Isn't that unusually high? I think my 401K is up to a 4% er match.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21123853.post-30566843986538952222009-03-23T14:14:00.000-04:002009-03-23T14:14:00.000-04:00What else is there to say Tim? How many times can ...What else is there to say Tim? How many times can you ask for something without any real follow up from the rest of the TC. I really can't see continuing the DB plan. Just went thru a meeting regarding our DB plan- which has been phased out for new hires over the last 3 years (we had the foresight to see we can't keep gauranteeing a DB to our employees- and this was before the market tanked). Our liability sky rocketed due to the market turn. I think you will see the corporate world taking a real beating in their liquidity due to the extra funding involved this year. As far a Cheshire goes: if they were ever going to hire a consultant, this would be the topic. I have seen the finance lady talk about DB vs DC but I don't think she has enough knowledge of what is going on in the real world with these plans.Anonymousnoreply@blogger.com