Here is why we need reform and it all needs fixing: 4 hr. rule. Salaried employees work 4 hrs., get paid for 8 if you leave for a sick day, you get to keep your sick day for retirement and for spiking your pension....and this is the best part---no sick leave slip required. The PHX version of a Government shut down 10 people retired in 2011-walked away with over $700,000 cash and started yearly pensions over $114,000/yr. All employees get to accumulate sick leave and vacation hrs. year after year-cash them in at retirement spiking their pensions. Yes walk away cash and spike pensions(double dip) 12 million hrs.-amount of accrued vacation and sick leave taxpayers still owe employees $283 million-amount of total retirement paid out this year alone(pension, medical, comp) $12 million- amount paid out yearly for just spiking alone $8.5 million- amount paid out last year alone for vacation and sick leave payouts at retirement $137 million- amount paid out in pay raises since the food tax was enacted on the public $2.4 billion- amount of unfunded pension debt PHX owes today(you owe) Every employee gets walk away money at retirement and their yearly pensions 40.5- days off an entry level employee gets off their very first year on the job $105,000- Avg total compensation for over 14,000 employees(Total comp is salary/wages, health, retirement benefits, etc.) Next year we will have over $40 million in new revenue-but, city staff is already deciding where this will go-you can guess you are not on this list. City staff during the pension discussion declares a conflict for our executive session- but, in public has no conflict of interest. So why in E-session, but not in public meetings? Staff helped create the mess we are in now, they wrote the contracts, gave the legal advice on their own contracts, negotiated their own contracts, prepare the presentations defending their contracts, give the presentations defending their own contracts. Everyone but staff, the mayor and a few councilmembers see this as a problem, but they are still allowed to continue business as usual. Additionally, they are also the ones who select the outside attorneys to defend lawsuits that have an impact on their benefits. One really big question, who designed the “snapshot” approach-staff. Ending pension spiking is just the start in the pension overhaul debate. It is just the most outrageous part of the debate and needs to be the place to start. The Mayor made a promise, a pledge to taxpayers this would completely end. Cut the double talk and then let’s just do it
Posted on: Thu, 24 Oct 2013 03:36:41 +0000
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