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Post by slimpickens on Dec 7, 2012 11:01:55 GMT -5
How does double dipping hurt the retirement system?
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Post by slimpickens on Dec 7, 2012 20:25:15 GMT -5
St., I am awfully dumb about some of this but I think you are using Obama math. You do not take into consideration the money the retiree and his empoyer pay into the system. Employees will be paying 8% and employers 10.9 and if you figure that on $60,000 for 12 years comes up to $136,080. if he continued to make the same salary with no raises whatsoever. (which is unlikely)The system is getting this 18.9 without having any additional obligation. So I still don't see where the double dippings hurts the retirement system.
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Post by buckshot on Dec 9, 2012 11:00:34 GMT -5
Slim,
I noticed a post by St. James in which he explained that most people don't know how double dippings hurts the retirement system. He put up 2 examples showing how it hurt and hoped that you would understand the financials of retiring early.
I also saw where you replied giving him an explanation that I had not heard before. Evidently you explained it well enough that he took his post and went home.
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Post by mountainhighway on Dec 9, 2012 23:11:23 GMT -5
I guess I never looked at the workers who chose to take the retirement benefit and keep working as being the strain on the system so much as financial projections that were unrealized. The folks I work with who have returned to work after taking the benefit still have the same percentage deducted from each paycheck as when they were working before, yet they don't realize any continued service credit for those deductions. I assumed this was a positive for the system since they would be contributing without increasing the liability to the system that a new hire to take their place would. They also don't accrue paid leave time. If they are out sick or take a couple of days off to go camping, they just aren't paid unlike a new hire. i always figured that was a net benefit to the agency itself since a days pay for that position meant a days work was accomplished, unlike a new hire who is out sick and gets paid with no production or benefit to the agency that day.
I would be interested to know how the financial planning took into consideration salary freezes. Did they assume the 6.5% that I contribute would gradually increase in terms of net due to cost of living adjustments or moving up the salary scale within my pay band? If so that throws the numbers off, also. For instance if my salary band was 17k at hiring to a max of 34K at seniority, did they assume I would be contributing 6.5% of 34k? continued
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Post by mountainhighway on Dec 9, 2012 23:25:32 GMT -5
If so, that throws the numbers off because I would never reach 34k no matter how long I worked. For years the state government has bled so much money in so many directions that longevity salary adjustments were scrapped, merit adjustments were scrapped also and cost of living adjustments come around every few years. The top salary attained in the example might actually be closer to 26k rather than 34k. In order to keep up, the percentage of employee contribution really needed to be adjusted years ago to make up the difference. I thought the fees paid in the millions were also questionable considering the low rate of return as compared to the optimistic projections.
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Post by Deleted on Dec 12, 2012 10:20:02 GMT -5
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Post by buckshot on Dec 12, 2012 16:02:59 GMT -5
Why not appoint someone who will not run for re-election in 2014. Anyone who wants to run could run then and they would all start out even. By that I mean they would not be an incumbent runnning. Looks like that would be the fair way to approach this.
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Post by Deleted on Dec 13, 2012 22:04:44 GMT -5
Why not put a strong Republican in the seat now so he can strengthen himself the next 2 years so he will more likely be victorious over any Democrat that challenges?
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Post by geraldgarrett on Dec 14, 2012 1:27:00 GMT -5
Why not put a strong Republican in the seat now so he can strengthen himself the next 2 years so he will more likely be victorious over any Democrat that challenges?
For that reason alone, I wouldn't expect it to get much support on this particular forum. |
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Post by Deleted on Dec 27, 2012 9:27:17 GMT -5
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Post by Deleted on Feb 11, 2013 22:49:11 GMT -5
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Post by Deleted on Jul 24, 2013 15:37:07 GMT -5
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Post by Deleted on Dec 18, 2013 13:49:18 GMT -5
Pass this pleeeeze. H. 4389 (Word version) -- Rep. G. M. Smith: A BILL TO AMEND SECTION 56-5-1555, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SPEED LIMITATIONS PLACED ON THE OPERATION OF A MOPED, SO AS TO PROVIDE THAT A MOPED MAY NOT BE OPERATED ALONG A ROAD, STREET, OR HIGHWAY WHOSE MAXIMUM SPEED LIMIT IS GREATER THAN FORTY-FIVE MILES AN HOUR
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Post by conservative on Dec 18, 2013 16:47:21 GMT -5
I understand the concern, but considering the demographic traits of who and why they travel on these, what good is a new law? When I see a moped and it's rider, I wonder the liability they pose. Probably no DL license, no insurance and most certainly no cares. True story--several years ago my wife and I caught up with one on Pickens Main St. He had two six-packs of beer strapped down tight on the luggage rack. Elbows up, head down, going a good speed to somewhere. We still chuckle when we see a moped while driving together.
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Post by phillipbowers on Jan 22, 2014 23:14:24 GMT -5
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Post by geraldgarrett on Apr 2, 2014 12:38:21 GMT -5
For years, I've been debating whether to nominate Sen. Mike Fair of Greenville or Sen. Kevin Bryant of Anderson as South Carolina's "Official State Legislative Idiot" but, until now, the race has been too close to predict. Now, at least, I think I have a clear leader:
www.foxnews.com/politics/2014/04/01/mammoth-bible-south-carolina-state-fossil/
Turning a symbolic exercise (accepting an eight-year-old girl's nomination of the Woolly Mammoth as "State Fossil") into a political statement certainly earns bonus points for ... well, reckless disregard for public relations. Even those of us who have no problem with teaching both evolution and creationism in the schools understand that beating up on a little girl doesn't sit well with the general public. There is a time, a place and an appropriate opponent for every fight. Battling a kid over the theological underpinnings of what is basically meaningless legislation, at a time when the S.C. Senate has plenty of more worthy issues on its plate, doesn't meet any of those requirements.
Of course, you should never underestimate the ability of Sen. Fair to close the gap and surge back into the lead on my ballot. We'll see. |
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Post by alexsaitta on May 24, 2014 5:09:12 GMT -5
This is bill H3435 that just passed the House and moved to the Senate. It passed by one vote with Skelton sponsoring, Owens voting for. It doesn't seem like Hiott voted for or against. www.scstatehouse.gov/sess120_2013-2014/bills/3435.htmwww.scstatehouse.gov/sess120_2013-2014/hj14/20140430.htm#p55At such low grades -- kindergarten through five. It all sounds like good intentions, but the government always starts with good intentions. The Comprehensive Health Education Act SECTION 3. Section 59-32-30 of the 1976 Code is amended to read: "Section 59-32-30. (A) Pursuant to guidelines developed by the board, each local school board shall implement the following program of instruction: (1) Beginning with the 1988-89 school year, For grades kindergarten through five, medically-accurate instruction in comprehensive health education must include the following subjects: community health, consumer health, environmental health, growth and development, nutritional health, personal health, prevention and control of diseases and disorders, safety and accident prevention, substance use and abuse, dental health, and mental and emotional health. Sexually transmitted diseases as defined in the annual Department of Health and Environmental Control List of Reportable Diseases are to be excluded from instruction on the prevention and control of diseases and disorders. At the discretion of the local board, age-appropriate medically-accurate instruction in reproductive health may be included. (2) Beginning with the 1988-89 school year, For grades six through eight, medically-accurate instruction in comprehensive health must include the following subjects: community health, consumer health, environmental health, growth and development, nutritional health, personal health, prevention and control of diseases and disorders, safety and accident prevention, substance use and abuse, dental health, mental and emotional health, and reproductive health education. Sexually transmitted diseases are to be included as a part of instruction. At the discretion of the local board, instruction in family life education or pregnancy prevention education or both may be included, but instruction in these subjects may not include an explanation of the methods of contraception before the sixth grade. (3) Beginning with the 1989-90 school year, At least one time during the four years of grades nine through twelve, each student shall receive medically-accurate instruction in comprehensive health education, including at least seven hundred fifty minutes of reproductive health education and pregnancy prevention education. |
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Post by columbia on Sept 11, 2014 15:58:32 GMT -5
If these charges are true, Harrell will be taken out of office. It is right that he step down.
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Post by alexsaitta on Sept 13, 2014 10:00:04 GMT -5
www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htmSomeone the other day said the Haley Campaign is saying SC’s economic growth was the highest on the east coast. That wasn’t true last year. 5 states had higher growth. SC’s growth was less than that of the southeast. She is the best choice for governor, but this notion there has been this outstanding growth in SC is untrue. The growth in this country is coming from the mid-west.
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Post by columbia on Oct 22, 2014 7:01:52 GMT -5
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