Monday, March 12, 2012

Wisconsin retired public employees face more pension cuts


Tens of thousands of retired public employees in Wisconsin whose pensions have been reduced for four straight years probably will see another cut in 2013.

For tens of thousands more, pension payments will remain frozen at levels that in many cases fall far short of the rate of inflation.

The situation is unprecedented in the history of the plan that covers most teachers and government employees - Milwaukee County and city workers are an exception - in the state.

Many people in the Wisconsin Retirement System have seen their pensions sliced by 11% since 2008. And it would take an extraordinary investment performance to avoid a further reduction next year.

Not everyone is taking cuts. Wisconsin guarantees public retirees that they won't fall below their initial pension level. People who have reached that mark - a rapidly growing number that next year will exceed half of all retirees - are exempt from further reductions.

But that also shrinks the pool of retirees eligible to absorb a cut, and increases the size of the reduction for them.

"Fewer shoulders to bear the burden," said Keith Brainard, research director for the National Association of State Retirement Administrators.

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16 comments:

Rosemarie "Ro" Giambalvo said...

Hate to say it, but it's going to turn into a blood bath over there!

Anonymous said...

Did they cut the welfare payments by 11%?

Anonymous said...

And hopefully every drop of blood spilled is from the cocksucking elected officials that enacted, supported and helped push this bill through legislature.

There are a few things that belong to a man that you absolutely NEVER fuck with: his wife, his children, his property and HIS MONEY. And any real man will kill any miserable bastard that dares fuck with what he's earned and what he loves. You cunts better think again if you think fleeing to Illinois will stop someone that wants to get their hands on you. You fuckers tread on thin ice.

Aldo Raine

Anonymous said...

The base pension is not getting cut! The only cut is in the dividends! That is common sense. They didn't complain when the stock market did well and they were earning well in excess of the cost-of-living increase. If they didn't want to take the risk, they should have only reaped a COLA in good times. They could have easily negotiated a fixed COLA when times were good, but didn't want to give up the extra! Oh well, they gambled! It's like Vegas, you put your money down and take your chances!!! With a return in the stock market, the dividends will once again be increased! Let's look at the Wisconsin public pension difference from CPD. CPD employees contribute 9% in which the city (supposedly) matches. Wisconsin public pension participants did not contribute to their pension funds. The governmental agency contributed ALL the funds. Because we contribute to OUR pension fund, under Rostenkowski's bill, we are not allowed to collect full social security. Whereas, because they do NOT contribute to their own pension fund, they are entitled to full social security benefits in addition to their pensions. That is on average of $2000.00 extra a month. If you want to argue THEIR point, at least understand what you are argueing for!

Mark12A said...

Ro's got it right. Problem is...it's going to spread. Taxpayers are sick of tax increases to pay for this extra shit, and the workers are tired of taking it in the shorts for the sake of the welfare queens.

I get tired of hearing the libtards scream about..."it's for the children!" Screw the children. They grow up to be unproductive welfare suckers themselves.

Anonymous said...

Coming soon to a neighborhood near you! Won't be long.

Anonymous said...

"Libtards", "...fleeing to Illinois.."; WTF - This is being done by REPUBLICANS. Loosen those hats and let the blood flow.

I Voted For Obama said...

Obama is thrilled. Liberals cause the problem and conservatives have to fix it and take the blame. Perfect.

Mr. SouthSide said...

My, my, my, Ro! Every time I see you, you look lovlier.

Coming to Beatrice's soon?

Anonymous said...

Well boo hoo screw those fat ass teachers and public tit suckers it's their own greed that got Them into this fuck Em.

Anonymous said...

WHY SHOULD I PAY FOR YOUR PENSION WHEN I DON'T GET ONE?

Rosemarie "Ro" Giambalvo said...

Not or ever was a bar person! Sorry Mr. Southside, not a drinker either!

Anonymous said...

You fuckers tread on thin ice.

Aldo Raine


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Hey fuckstick. The saying is "You tread in deep water" or "You are skating on thin ice"

Nice job master of the mixed metaphor motherfucker!

Anonymous said...

Vote Republican!!What sort of socialist pussies need pensions?Or medicare?

Anonymous said...

Hey fuckstick. The saying is "You tread in deep water" or "You are skating on thin ice"

Nice job master of the mixed metaphor motherfucker

********************

Nice job on your unintended alliteration. I say unintended because you're obviously not smart enough to plan something like that out all by yourself. Had help, did ya??

I don't adhere to the unwritten rules of language because I'm smart enough to convey meaningful thoughts regardless of the words I choose to use. After all, it WAS still easy enough for your primitive brain to figure out, hence your ignorant mini-tirade.

"Treading on thin ice" evokes the same meaning as the phrases you chose to regurgitate, only my wording is original...unlike any of yours.

P.S. - "Fuck Stick" is two (2) words and it's the thing I have planted balls-deep in your Mom's ass while you sleep soundly directly below us in the basement on that shitty old couch.

Aldo Raine

Anonymous said...

Nice job on your unintended alliteration. I say unintended because you're obviously not smart enough to plan something like that out all by yourself. Had help, did ya??

I don't adhere to the unwritten rules of language because I'm smart enough to convey meaningful thoughts regardless of the words I choose to use. After all, it WAS still easy enough for your primitive brain to figure out, hence your ignorant mini-tirade.

"Treading on thin ice" evokes the same meaning as the phrases you chose to regurgitate, only my wording is original...unlike any of yours.

P.S. - "Fuck Stick" is two (2) words and it's the thing I have planted balls-deep in your Mom's ass while you sleep soundly directly below us in the basement on that shitty old couch.

Aldo Raine

March 13, 2012 12:27 AM
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Hey fuckstick (part deux)

First of all, yes the alliteration was planned. I even briefly thought of pointing it for the hell of it but I figured a pseudo-intellectual cocksucker as youself wouldn't have known what an alliteration was. You get an alliteration "A" asshole.

As far as you being "smart enough", you would have to get smarter just to be a stupid nigger.

Yes you are "orignal". You are definitely an original douche bag!

Listen Dildo Raine, if mother jokes is the best that you can do you might as well hang it up. Dumb fucking niggers have more potential than you do and they have NONE!

Show me where, anywhere fuckstick is two words. That being said I am sure your daughter is used to three fucksticks in her three holes at the same time. Question is which one of you has been bent over more and "fucksticked" in the ass? How is that for creativity, fuckstick?