Well wanna be lawyer boy, I see that my time is wasted on you. You and the rest of your ilk would not even be happy if we worked for minimum wage with no benefits. You would still be beating the FauxNews drums of hate while cheering on the ALEC/Koch/Kasich regime. You cannot refute a word that I said above. Can't be done.
At the end of this, I am still right and you are still completely and totally WRONG.....
Case closed.
Wanna Be Lawyer Boy exposed and proven WRONG....you are DISMISSED....I shall say no more....
Yes, I am a beneficiary of one of these plans. This has no bearing what so ever on my above post, because none of it is opinion, it's all fact and a matter of public record so it is quite easily verified... I notice that you did not try to refute anything I said....because you can't...every bit of it is public record...the fate of these 5 pension funds rests in the lap of REPUBLICAN Keith Faber ...unions did NOT create these pension funds, nor did they create this mess, the LEGISLATURE did. Unions have absolutely NO power to change these pension funds...ZERO...
Now, are you going to apologize for your inflammatory and completely erroneous remarks and admit that you were wrong?
formerytown, if you are indeed a lawyer, I surely hope you research subjects better in your practice of law before you go spouting off about things you obviously know little to nothing about.
These 5 pension funds are NOT "union" pension funds. Unions have absolutely nothing to do with these pension funds other than there are union members who contribute to them. Frankly, there are just as many, if not MORE NON UNION public employees who contribute than union members. (anyone who is a supervisor is not in a union and uses the SAME retirement system) Unions have absolutely NO control over these funds what so ever. Also, unions have absolutely ZERO power to change these funds. ZERO.
Why? (go look this up in your law books to confirm this formerytown)
These funds were created as an act of law by the legislature back in the 30's. They were created over 50 years BEFORE collective bargaining (unions) was even legal in Ohio. They were created by the legislature and can ONLY be changed by the legislature themselves...neither the pension funds themselves, nor their managers can legally change the structure of the funds...it MUST be done by the legislature...the funds and the process to change them are written into law and any changes needed are legally bound by the legislative process...all 5 pension funds submitted proposed reforms back in 2009 and the legislature is needlessly stalling the reform that the pension funds themselves are desperately trying to effect....the past legislature did nothing about it and now the current legislature is doing nothing but stalling....Keith Faber's (R Celina) insistence that an additional actuary study the proposals of the 5 pension funds is redundant and unnecessary because the pension fund proposals for reform were written after actuaries studied each of the pension funds...so he wants an actuary to study the findings of actuaries that have already studied the pension funds and recommended the necessary changes to bring about reform...someone needs to light a fire under Keith Faber and tell him to stop this ridiculous waste of time and money...they have stalled long enough...get on with it!...the entire mess in now under Keith Faber's (R Celina) control, he is the chairman of the committee charged with control of these funds and it is HIS responsibility to act on the proposed reforms...and no one else...and ESPECIALLY NOT UNIONS!!
Those spouting hate towards unions need to read up on this subject before demonstrating to everyone that you really don't understand what you are spouting off about....
Public pensions in free fall
Well wanna be lawyer boy, I see that my time is wasted on you. You and the rest of your ilk would not even be happy if we worked for minimum wage with no benefits. You would still be beating the FauxNews drums of hate while cheering on the ALEC/Koch/Kasich regime. You cannot refute a word that I said above. Can't be done.
At the end of this, I am still right and you are still completely and totally WRONG.....
Case closed.
Wanna Be Lawyer Boy exposed and proven WRONG....you are DISMISSED....I shall say no more....
December 31, 2011 at 4:30 p.m. permalink suggest removal
Public pensions in free fall
Yes, I am a beneficiary of one of these plans. This has no bearing what so ever on my above post, because none of it is opinion, it's all fact and a matter of public record so it is quite easily verified... I notice that you did not try to refute anything I said....because you can't...every bit of it is public record...the fate of these 5 pension funds rests in the lap of REPUBLICAN Keith Faber ...unions did NOT create these pension funds, nor did they create this mess, the LEGISLATURE did. Unions have absolutely NO power to change these pension funds...ZERO...
Now, are you going to apologize for your inflammatory and completely erroneous remarks and admit that you were wrong?
December 29, 2011 at 9:48 p.m. permalink suggest removal
Public pensions in free fall
formerytown, if you are indeed a lawyer, I surely hope you research subjects better in your practice of law before you go spouting off about things you obviously know little to nothing about.
These 5 pension funds are NOT "union" pension funds. Unions have absolutely nothing to do with these pension funds other than there are union members who contribute to them. Frankly, there are just as many, if not MORE NON UNION public employees who contribute than union members. (anyone who is a supervisor is not in a union and uses the SAME retirement system) Unions have absolutely NO control over these funds what so ever. Also, unions have absolutely ZERO power to change these funds. ZERO.
Why? (go look this up in your law books to confirm this formerytown)
These funds were created as an act of law by the legislature back in the 30's. They were created over 50 years BEFORE collective bargaining (unions) was even legal in Ohio.
They were created by the legislature and can ONLY be changed by the legislature themselves...neither the pension funds themselves, nor their managers can legally change the structure of the funds...it MUST be done by the legislature...the funds and the process to change them are written into law and any changes needed are legally bound by the legislative process...all 5 pension funds submitted proposed reforms back in 2009 and the legislature is needlessly stalling the reform that the pension funds themselves are desperately trying to effect....the past legislature did nothing about it and now the current legislature is doing nothing but stalling....Keith Faber's (R Celina) insistence that an additional actuary study the proposals of the 5 pension funds is redundant and unnecessary because the pension fund proposals for reform were written after actuaries studied each of the pension funds...so he wants an actuary to study the findings of actuaries that have already studied the pension funds and recommended the necessary changes to bring about reform...someone needs to light a fire under Keith Faber and tell him to stop this ridiculous waste of time and money...they have stalled long enough...get on with it!...the entire mess in now under Keith Faber's (R Celina) control, he is the chairman of the committee charged with control of these funds and it is HIS responsibility to act on the proposed reforms...and no one else...and ESPECIALLY NOT UNIONS!!
Those spouting hate towards unions need to read up on this subject before demonstrating to everyone that you really don't understand what you are spouting off about....
December 29, 2011 at 6:05 p.m. permalink suggest removal