Sunday, May 08, 2011

The Answers To All of Your Compensation and Pension Problems


Step 1 - Go to the Pension Tsunami web site and join the mailing list ( It is published daily)

Step 2 - Read every article every day.  Check all the links to other web sites daily

Step 3 - Get you emotions under control - Getting mad will accomplish nothing

Step 4 - Articulate an appropriate response to each article each day

Step 5 - Forget about using the usual diatribe put out by most unions

Step 6 - Develop a position paper to give a rational, credible, economically sound rebuttal

Step 7 -  Forget about your personal investment in the issues

Step 8 - Start thinking like a independent consultant that has no horse in the race.

Step 9 - Use a three ring binder to keep your work product

Step 10 - Review the three ring binder weekly

When you can effectively dispatch the issues raised on the Tsunami web site you are ready to deal with your employer.  Forget about branding the publisher as a "nut", he isn't.  Pension Tsunami publisher, Jack Dean, is an intelligent and decent guy.  He is a friend of mine.  I have known him for several years and I have learned that he researches and thinks out everything he says.  Don't focus on Jack, focus on his message and your response.  Jack is only the provider of the issues.  Any solution has to come from you.

If it too much for you, contact us.  You can hire us to do it for you. rjy@policepay.net

Study Compares Public, Private Employee Compensation and Retirement Costs

CALIFORNIA FOUNDATION FOR FISCAL RESPONSIBILITY

SACRAMENTO – State and local government employees in California earn similar salaries as their counterparts in the private sector, but generous retirement benefits push total compensation costs significantly higher than what California’s largest companies spend, according to a study released today.

California’s largest employers typically spend less than one-third what state taxpayers spend on employee pensions and retiree health benefits. A state employee earning $60,000 annually will accumulate pension and retiree health benefits valued at $19,000 a year. A comparably paid employee of a large California company will receive retirement benefits worth less than $6,000.

In California, Study Says, Teachers’ Pensions Fall Short of Other Public Workers

CALIFORNIA FOUNDATION FOR FISCAL RESPONSIBILITY

In California, Study Says, Teachers’ Pensions Fall Short of Other Public Workers’ | Fix Pensions First | FixPensionsFirst.com: "The study, by the California Foundation for Fiscal Responsibility, analyzed employee benefits only in that state, one of the most fiscally troubled and the seat of a long-running debate about public pensions and whether they are crowding out other public spending. But the foundation’s president, Marcia Fritz, said her researchers had devised a straightforward way of comparing retirement benefits that could be used easily by analysts in other states."

Borenstein: Dispelling the public-sector salary myth - ContraCostaTimes.com

BY DANIEL BORENSTEIN
CONTRA COSTA TIMES


PUBLIC EMPLOYEE unions often defend their members' pricey pensions by claiming the benefits make up for salaries that are lower than those in the private sector.
A study released Thursday undermines that rationale. In California, wages of state and local government workers are similar to, or slightly higher than, wages for comparable workers in the private sector, according to the analysis. Add in pension and retiree health benefits for government workers, and the total compensation for career public sector employees is substantially more than in the private sector."

Have the heroes of 9/11 become today's scapegoats? - San Jose Mercury News

BY JOHN WOOLFOLF
SAN JOSE MERCURY NEWS

After hundreds of firefighters and scores of police officers died trying to save others in the Sept. 11, 2001, terrorist attacks in New York, thousands of miles away in San Jose, strangers would buy officers coffee or burritos and approach firefighters at the supermarkets just to thank them for doing their jobs."