Another Example Of How Unions Are Bankrupting America

[red states rule]

Unions allow this to go on while blasting Wall Street and corporations for what they call "greed"






Sarah Zatik retired two years ago, at the age of 53, but she never stopped working.

The Parma schools superintendent immediately was rehired into the same job. It was all pre-arranged, just a matter of paperwork.

The bookkeeping move brought Zatik a big financial benefit, despite a $15,000cut in salary after being rehired. By retiring, she could start collecting well over $100,000 a year in retirement payments from the state in addition to her $158,000 superintendent's pay. Thanks to a state retirement system that allows retirement at a young age, Zatik can collect both a paycheck and her retirement payments for 12 years before she hits the standard retirement age of 65.

She is a member in an exclusive club of double-dipping superintendents, who retire and return to their same jobs or rotate to other school districts.

An analysis by Ohio's eight largest newspapers found:

One in four public school leaders in Ohio's 614 districts bring home the bacon twice.

Allowing superintendents to retire early halts their contributions into the fund and pulls millions of dollars out -- while a variety of factors threaten the fund's long-term financial health.

http://www.cleveland.com/open/index.ssf/2010/06/one_in_four_public_school_lead.html

[Gaffer]

And they wonder why ohio is always short on cash and raising taxes through the roof.

[cat slave]

We are a retired union family. The union was good until
the government started their social engineering. That
is when the union became a tool for protecting mediocrity.
This got votes for the Dems and now here we are!

No, no one should pay for pensions....after 40 something
our pension was fully vested by deductions from every
paycheck. So where is it now?

Good union jobs put enormous money right back into the
economy as families with good incomes took vacations,
paid for their homes, bought boats, motorcycles and all
the fun things in life....and paid for them because they
had the income to do it. These things created jobs for
other people. Reagan was right.

Todays unions are like mafia hit squads and are run by
thugs, the most thuggish is the teachers unions followed
by the service workers unions.

As I said before, todays unions protect mediocrity and
are nothing more than valuable voting blocks to keep
the likes of what we have today in power.

[Binky]

Darn good post Cat......:clap:

[red states rule]

And they wonder why ohio is always short on cash and raising taxes through the roof.

and given this, I want to know why Dems are talking about a tax increase and Federal bailout of union pensions?

Also, remember all the money unions spend to get Dems elected

Why the hell should taxpayer money be used to fund unions and their their pensions?

[cat slave]

Darn good post Cat......:clap:

Thank ya, thank ya!

[cat slave]

and given this, I want to know why Dems are talking about a tax increase and Federal bailout of union pensions?

Also, remember all the money unions spend to get Dems elected

Why the hell should taxpayer money be used to fund unions and their their pensions?

OK, is this different from the Pension Benefit Guaranty Corporation (PBGC) formed back in '74????
Or is it in addition to?

The PBG is probably going broke with all the jobs going
either away or over seas where nothing is paid back in
to insure pensions of Americans. But isnt it tied to
indemnities??