View Single Post
Old 01-24-2011, 05:09 AM   #2
Argurnenoni

Join Date
Oct 2005
Posts
344
Senior Member
Default
Here's the current job listing for this job in New York:
The current starting salary of a Sanitation Worker is $31,200 per year. The current labor agreement provides for periodic increases to a maximum of $67,141 after 5 1/2 years. Did WND make this number up? Probably. Are they conflating the pensions of thousands of retirees into a wonked-up number to make it look like someone making below average pay is getting a huge windfall? Likely.

Pensions are an outdated system that was embraced decades ago when cities and their tax bases were growing like crazy and nobody thought there would ever be a balancing act between tax revenues and pension obligations. It's time to phase them into modern solutions like 401(k) and IRA plans.
Argurnenoni is offline


 

All times are GMT +1. The time now is 01:03 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Design & Developed by Amodity.com
Copyright© Amodity