Four Faces of a Dysfunctional Pension System

“It has great symbolic importance, however,  as the double-dippers have become the ‘face’ of a dysfunctional public pension system. For this reason, the task force should consider ways to further limit this practice.”  NJ Pension and Health Benefit Study Commission report, page 31

Mark Lakerqvist of NJWatchdog in a story today makes Patrick Higgins, a 1999 state police retiree who retired a second time (this time on disability) this month from a job in the Sussex County prosecutor’s office, and every other similarly situated double-retiree that face judging by the picture he selected to illustrate his piece:

double dipper

The pension system would have been paying out the same amount had Sussex County hired a different detective, presumably less qualified, but it would have been paying it to two separate people.  Patrick Higgins is not destroying the New Jersey pension system.  These are the faces who are:

Politicians who underfund the system and even hypocritically assign blame elsewhere (which is why Christie beats out Whitman):

christie3

An actuarial profession that provides the veneer of credibility for these crimes as represented by Mary D. Miller current president of the American Academy of Actuaries (AAA) which actuaries signing public pensions valuation reports often claim association with since there are no federal credentials to cite:

MaryDMiller_frontpage

Real pension gamers with political connections who cash in at the end:

Mirabella

Taxpayers disengaged from the workings of government who buy the media propaganda (hence the mirror though it does not apply to about 60% of the readers of this blog and about .001% of the general population):

mirror

3 responses to this post.

  1. Posted by george on March 23, 2015 at 8:29 pm

    Taxpayers? I kind of wonder how many people pay more in taxes than receive income from the government as Social Security, government benefits, government salary, bond payments, or tax rebates? There might not be as many taxpayers as you think.

    Reply

  2. Posted by Javagold on March 24, 2015 at 9:34 am

    What I never hear anyone mention is how the public takers have gamed the system so well , that they are actually able to claim the double dipper is saving the town, county ,state money by hiring them a 2nd time. It’s disgusting !!!
    I for one can’t wait for the whole rotten pyramid to collapse. The rest of you can keep punching in, paying your many many many taxes to keep the ponzi going.

    Reply

  3. Posted by Anonymous on May 24, 2015 at 2:21 pm

    TL and devout followers; individuals presenting a right wing conservative perspective based on half-truths and lies.

    TL continual posts repetitive misinformation citing sources with extreme ideology. Yet sumarial dismisses other posts with conflicting opinions and sources.

    Specifically, purposely misstated the tax status of public pensions in the following post; https://burypensions.wordpress.com/2015/05/22/christie-curses-out-nj-media/#comments When called to task tried to double talk their way out of it. Standard operating procedure for most of their commentary.

    Fair and equal for all is the mantra. Fair enough, but not when I suggest Federal workers and members of our beloved Armed Forces be part of the bigger conversation. The response, they’re different. But why, because they risk their lives like first responders at home. Their DBP are paid with Federal tax dollars as opposed to State or Local. Everyone knew the job risks when they accepted employment. But they also knew what their salary, pension, and benefits were supposed to be.

    To blame and demonize public workers for the current situation is unfair and untrue. Do politicians make “deals” with unions that don’t always have the taxpayers best interest? I think everyone knows the answer to that is yes. But politicians are always making “deals” it’s what they do. Just ask the various segment market corporations; defense spending (lucrative contracts), farming (subsidies) and the list goes on and on.

    Your bully tactics and demeaning attitude only motivate me more to push back your parties ridiculous vision for NJ and America. Yes I’m sure John knows all of our IP address, so you and your business name can be exposed as well.

    The purpose of continually posting this comment is to allow the counterpoint perspective to be heard. I will no longer personally engage your comments tit for tat.

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: