Poncherello· Grey Squirrel
Civil service workers were always underpaid but had job security. When the market is flying high no one says boo about retirement payments because most municipalities rake in millions of dollars by skimming from the pension funds. Now that times are tough these same municipalities are the first to complain. The truth is, these muncipalities negotiated these deals because in the long run it works out finacially for them.Unfortunately, it seems TX law prohibits that. We taxpayers will have to come up with it one way or the other.
I have no issues with negotiating new pension tiers.What we must do immediately is change the rules for future employees.
I have to be honest with you, if I ever have to call the police I don't want a 57 year old man rolling out of the car to protect me. Let them retire and hire younger people who get paid less and can do a better job physically.Why should these people retire at 50? I realize it's a tough job, but, in any other job if you tried to retire at 50, your benefits would be minimal.
These lump sum payments are usually the result of unused sick time which is a pretty standard practice across most employment fields. I think we should be thankful that these people were able to stay healthy during their careers in order to protect us.