The Tax Foundation picked up on recently released data from The Pew Charitable Trust on funded ratios of state pensions (based on data reported by the states themselves) and came up with a handy chart:
The Tax Foundation did the same thing a year ago and in most cases the ratios went up, significantly in some states that also happened to get new governors around the time the new numbers were calculated.
Among the states that showed the largest improvements:
- New Jersey: 31% to 36%
- Connecticut: 41% to 46%
- Virginia: 72% to 77%
- New Hampshire: 58% to 63%
- Maine: 77% to 82%
- Alabama: 67% to 71%
- Minnesota: 53% to 63%
- Ohio: 72% to 80%
- West Virginia: 72% to 79%
Looking over the list of governors you find these with their start dates:
- New Jersey: 1/16/18 Phil Murphy
- Connecticut: 1/9/19 Ned Lamont
- Virginia: 1/13/18 Ralph Northam
- New Hampshire: 1/5/17 Chris Sununu
- Maine: 1/2/19 Janet Mills
- Alabama: 4/10/17 Kay Ivey
- Minnesota: 1/7/19 Tim Walz
- Ohio: 1/14/19 Mike Dewine
- West Virginia: 1/16/17 Jim Justice
I blogged about the situation in New Jersey where we got a union-bought Democrat governor on orders not to cut benefits so fudging numbers was part of the game-plan. I leave it to you to judge what happened in the other states.
Burypensions Blog 
Posted by skip3house on September 14, 2019 at 5:42 pm
Does #1 Wisconsin have lower promises or people better at arithmetic than States in bottom half?
Posted by Rex the Wonder Dog! on September 15, 2019 at 1:31 am
Does #1 Wisconsin have lower promises or people better at arithmetic than States in bottom half?
What happened was Scott Walker was elected Governor and passed a huge overhaul of the public employee/union nexus with taxpayers-Act 10. This overhaul included making public employees SHARE in any unfunded pension costs; prevented public employees for getting raises in excess of the cost of inflation without a VOTE of the public; made public employees pay at least a share of their healthcare AND pensions costs because many of them did not pay a dime towards either. This saved BILLIONS of $$$$. It also made the WI pension systems WHOLE, so Walker was doing something right. And even though the public employees had their panties all bunched up I think even those ingrate trough feeders appreciate Walker NOW.
Posted by geo8rge on September 15, 2019 at 7:04 am
Assuming I am reading it right, this article the shared risk model was part of a 1975 merger of all retirement funds into one. https://projects.jsonline.com/news/2016/9/26/wisconsins-fully-funded-pension-system-is-one-of-a-kind.html
A 1975 law folded together various funds for teachers, state workers and local employees, leaving out only the city and county of Milwaukee and a few minor funds.
In the run-up to this merger, Max Sullivan, then the head of Wisconsin’s retirement system, and Gates, who was his deputy, conceived of the shared-risk model.
A Wisconsin retiree’s pension benefits can rise above the minimum level and also fall back down to that minimum if the plan’s investments underperform or if the cost of the benefits comes in higher than anticipated … This approach is called a “shared risk” model…
These adjustments are made automatically — no politician has to take a difficult vote to approve them. To smooth out the effects of up and down markets, the state spreads the gains and losses across five-year periods.
https://projects.jsonline.com/news/2016/9/26/wisconsins-fully-funded-pension-system-is-one-of-a-kind.html
I personally wonder if all the bad stuff is hidden in the Milwaukee pensions, but Milwaukee seems to be just 10% of the state population, which might be the reason it was possible to keep the state pension on track, Milwaukee was not included. NY state is said to be in much better shape than NYC pensions
There is a profile of Gates, who appears to have been and remains an advocate for non urban Wisconsin. Such people don’t seem to exist after the ‘Reagen Revolution 1980’. So in 75 it might be that the people of Wisconsin ex Milwaukee were able to organize in their interests against the Milwaukee-Madison axis and had the financial resources to put it into effect.
Posted by Anonymous on September 14, 2019 at 7:13 pm
From what I heard, they share the risk and they ante up full contributions every year.
Click to access -aei-economic-perspective-march-2014_160053300510.pdf
Posted by Paul Brophy on September 14, 2019 at 8:52 pm
Other than the extreme cases like IL and NJ, I wonder how much these numbers are affected by what each individual plan uses for their assumption on returns. Unless the study sets a common return assumption for all plans examined, ignoring the fact that some plans assume 8% while others use 6.5% would make the data useless.
Posted by Rex the Wonder Dog! on September 15, 2019 at 12:10 am
Unless the study sets a common return assumption for all plans examined, ignoring the fact that some plans assume 8% while others use 6.5% would make the data useless.
I wonder if the Pew people thought about this? Because you’re right, comparing a plan using 8% to a plan using 6.5% to 7% discount rate is cannot be compared….
Posted by Paul Brophy on September 15, 2019 at 5:37 pm
Rex, having now gone back and read the Appendixes to the Pew report, I see that they say that they did not adjust any of the plans’ assumptions including rate of return. Like most of the issues in pension accounting and projection, the devil is in the details.
Posted by Rex the Wonder Dog! on September 16, 2019 at 2:13 am
I see that they say that they did not adjust any of the plans’ assumptions including rate of return.
Invalidates the entire study. They need to run ALL the plans with the exact same discount rate- 7%. Heck, run them all at three different discount rates, 7% 6% and 5%. Then see who is funded at 100%.
Posted by Rex the Wonder Dog! on September 15, 2019 at 12:22 am
What is truly alarming is that we are in the LONGEST Bull Market in US history, 11 years, yet only ONE of the state plans is above 100% funded (barely), Wisconsin at 103% funded. #2 is South Dakota at 100% funded. Only nine states are 90% funded or above, then there is a 7 point drop to #10 Oregon @ 83%. 40 states are at 83% and BELOW, after the LONGEST Bull Market in US history. That 80% of the 50 states are BELOW 84% funded is shocking. Insane. Krazee. I can’t wait until the NEXT downturn. It is going to be lights out. Bye-Bye $100K++ at age 50 public pensions. I say this to Sylvester all the time-Lights OUT Baby!
Posted by E on September 15, 2019 at 9:20 am
You just hate cats
Posted by E on September 15, 2019 at 11:18 am
And I don’t really get these “I can’t wait for the next downturn” people. You do realize that your 401k will also take a huge hit and many will lose jobs also.
Outside of my pension, my 457 would fall as much as your 401k. The next downturn will come, followed by another run up like always.
I look at it is another chance to buy low.
Posted by Rex the Wonder Dog! on September 16, 2019 at 7:01 pm
EG, may this wise K-9 make s suggestion? To reduce daily conflict, rivalry and contention, I propose that we have a DOUBLE Wedding for our beloved commentators on JB.
EG weds TL!
Then immediatly after the:
Stephen Douglas weds Seesaw (although technically seesaw does not comment here I feel safe including her!).
How AWESOME that would be… All the turmoil and conflict here would be replaced with heavenly bliss 💘
https://static.toiimg.com/photo/64370327.cms
Posted by bpaterson on September 21, 2019 at 6:46 pm
are these same sex marriages?
Posted by Tough Love on September 21, 2019 at 8:19 pm
Why anyone would put themselves out there as a dog, commenting on a Blog escapes me.
Posted by Marine1 on September 15, 2019 at 1:40 pm
Rex- I love recessions. It really separates the skilled from the unskilled. Most private sector folks are completely unskilled. They sell crap that no one needs and that becomes abundant ly clear when a recession hits. Off to the bread line they go ! . Now contrast that with every civilization since the Roman times. Guess who doesn’t get sent to the bread line ? The guys who secure civilization, the people who educate civilization,the people who rule civilization. All the rest besides farmers are fluff. Don’t believe me ? Find out how many police and teachers were laid off in every recession that ever happened.
Posted by E on September 15, 2019 at 2:11 pm
And when they did lay them off, because Christie said so, they were ALL rehired very quickly when it became apparent that there was NO fluff in police staffing levels. Laying off police anywhere, doesn’t work. Same with teachers. The cut backs get out back in pretty damn quick.
A gainfully employee private sector employee who “hopes for the next recession”, is cutting off his nose to spite his face.
Posted by Marine1 on September 15, 2019 at 2:43 pm
E- Luckily for our dumb private sector posters Donald Trump is getting re-elected and we won’t be having a recession. You have to shake your head at these people,thinking guys like us won’t be ok. I already have my next gig lined up and you will as well. Schools all over the country need resource officers and a friend of mine owns a security company that only employs veterans, ex police,ex Feds. If that doesn’t appeal you can work as a class II for many county Sheriff’s at the rate $20 per hour or at the Federal Court houses for $25 per hour. Doesn’t matter if recession or not,money is there.
Posted by stanley on September 16, 2019 at 12:28 pm
The Sarge: “Luckily for our dumb private sector posters Donald Trump is getting re-elected and we won’t be having a recession.”
Ahhhhhhhh Yeahhhhhhhhhhhhhh. I don’t think that I’ll bet the farm on your forecast. Hopefully, your LE skills are better. I wouldn’t bet the farm at this point that the Donald will be reelected.
In ’91, all of the big boys saw big Dubya as a sure thing and stood aside which allowed the boy president to step in and get the big job with the fringe benefits.
LE may not face reductions in staff but like it or not adjustments in pay and benefits will be unavoidable. Reality will have a big say in evaluating your desires and the tax paying public’s ability to hand over the goods.
These are very troubled, uncertain times. Sorry that I have to be so downbeat.
Posted by E on September 16, 2019 at 2:41 pm
Cmon. Stanley. Troubled, uncertain times. Yea for social issues no doubt. Not for economic ones.
Posted by MJ on September 16, 2019 at 3:49 pm
Marine1 I am happy for you that you have options and surely you realize that many if not most of the higher skilled higher intelligence private folks do as well.
Bragging is not becoming an officer of the law or a marine………I am not one to wish for a recession of wish hardships on anyone. In fact, it makes me happy to see so many doing well. Please don’t lump us all together just as I don’t lump all police or public workers together into a generality.
Peace my brother
Posted by stanley on September 16, 2019 at 7:29 pm
C O N S T A B LE, Do you understand the words coming out
of my mouth?
Posted by Rex the Wonder Dog! on September 15, 2019 at 4:28 pm
Rex- I love recessions. It really separates the skilled from the unskilled. Most private sector folks are completely unskilled.
The irony of your comment is killing me! You do know you have an unskilled/semi-skilled GED job with 100% on-the-job-training don’t you? Do you understand the hypocrisy of your comment now? Stop it, this is too easy 🙂
Posted by Marine1 on September 15, 2019 at 5:23 pm
Rex- Negative. My position requires a 4 year college degree which I have. Regardless you no marketable skill in troubled economic times. You know it and I know it. The world only needs so many dogs rex. Your a dime a dozen. You’ll be in the bread line as soon as the next recession hits. Guys like you always are.
Posted by Marine1 on September 15, 2019 at 5:25 pm
Rex- Maybe you can get a job posting GIF’s on forums. You seem good at that. Stay in your lane rex.
Posted by NJ2AZ on September 15, 2019 at 5:46 pm
Marine1,
Your job doesn’t persist through recessions because of some inherent value that people cannot possibly live without
your job persists through recessions because unlike my employer, your employer than threaten to take my house or send me to jail if i don’t continue to pay taxes for your salary.
but i agree, the people rooting for the next recession are idiots. .
Posted by E on September 15, 2019 at 5:57 pm
AZ. Some folks would argue that you definitely can’t live without the po po. Look at our inner cities as it is. It sucks there with the PD. Imagine none at all!!! And most rich guys don’t want to be bothered protecting themselves. You and Marine1 appear to have one thing in common. You both married teachers. Candidly, one would think that you, (AZ) would have a different opinion of public employees than our mangy mutt Rex. One would think that you would be more cognizant of the fact that your wife is a real person who works hard. Not some nameless “moocher” that some on here think she is. You also should know that being from NJ, it is expensive here and salaries will generally be somewhat higher.
@rex— you stated u don’t live in NJ. What state does your mom live…oophs I mean do you live in?
Marine1 and I don’t go around saying we deserve what some High priced attorney or ceo gets. We say that we deserve everything that we negotiate with our employer. Just like you do.
I bet you won’t give any of her pension back when she retires, and I’m sure you wouldn’t complain if her health care costs plummeted. And that’s fine. But don’t expect me to do it. Never happen.
Family first. (Then sports betting?!?—-😎 kidding)
Posted by NJ2AZ on September 15, 2019 at 6:05 pm
E,
i have no inherent issue with public employees, nor do i have anything bad to say about their compensation other than the true value of it when promised was never truly known, so the public was never able to make a fully informed decision. Still, i hardly thing that’s an inflammatory statement.
generally speaking i only deal in the business of individuals and will almost never judge an entire group…except for cross fitters. all of them need to STFU about cross fit already 🙂
Posted by Tough Love on September 15, 2019 at 7:17 pm
Quoting NJ2AZ ………………….
” …. nor do i have anything bad to say about their compensation other than the true value of it when promised was never truly known, so the public was never able to make a fully informed decision. ”
That’s one heck of an understatement. While I agree that the Elected Officials who granted these over-the-top pensions & benefits likely did not know “it’s true value”, they assuredly (a) KNEW what they were promising was MUCH MUCH more generous than what Private Sector workers are typically granted by their employers, (b) that those promises were assuredly VERY VERY costly, even if the true amount as not known, and (c) didn’t CARE anyway because:
(1) by pleasing these Public Sector Unions/workers they would be locking in years of campaign contributions
(2) they would likely gain the large block-votes of the Union members and their families, and
(3) when the SH** hits the fan (with the cost of those promises coming due), they would be long out of office likely enjoying similar pensions and benefits as a Public Sector retiree.
————————
The right and JUST answer is for Taxpayers to RENEGE on the 50+% share of these ludicrously excessive Public Sector pension & benefit “promises” that assuredly would NOT have been granted in the absence of the Union/Elected Official Bribery, Collusion, and Racketeering.
Posted by E on September 15, 2019 at 8:07 pm
Ugh…the neighborhood blow hard is back. Let’s renage on your ability to post on here. lol.
Let’s also cut your compensation by the same amount. Jealous fool. 😎
You’re not gonna get 50% of it. You’ll more than likely get path to progress at some point in the next year or two. And that’s about it. Long live the working stiff.
Posted by NJ2AZ on September 15, 2019 at 8:44 pm
for the most part i agree with Larry Littlefield (who occasionally posts here) that the single biggest issue here is generational theft.
In that regard, if people my age (30s) decide they don’t owe retirees in their 60s, i wouldn’t think it immoral, but that doesn’t mean i wish it on the retirees or look forward to them not getting what they thought they were promised.
Posted by Tough Love on September 15, 2019 at 9:04 pm
NJ2AZ………… you are xconflicted BECUASE your wife is a Public Sector teacher , anticipating one of these pensions.
El gaupo ……….. nothing new from you, just a repeat of your “moocher” mentality, and your great difficulty dealing with the truth.
Posted by Anonymous on September 15, 2019 at 11:02 pm
NJ2AZ September 15, 2019 at 5:46 pm
“Your job doesn’t persist through recessions because of some inherent value that people cannot possibly live without”
Actually, it kinda does. In 2008-2009, my son in law, along with many others, had his hours cut back to four days/week for almost a year. He’s a machinist, and with the recession, there were fewer orders, ergo his boss couldn’t afford to pay him to stand around idle. That’s what recessions do. Then he spent less money on dining out and entertainment, etc. So waitresses and others get laid off. And so on and so forth.
The esteemed Arnold Governor Schwarzenegger at the time decided to furlough state workers three days a month because they weren’t “sharing the sacrifice”. Thing is, unlike my son in law, there was NO reduced demand for government services. In fact, in Employment Department and Social Services, state workers were furloughed while workload increased, and temp contractors were hired to do the added work. Recessions are funny (not). Meanwhile, in the state capital, dozens of restaurants and other local businesses took a hit, some permanently, because state worker take-home pay was cut fifteen percent.
Our department (Transportation) was bureaucratic insanity because, again, demand did not decrease, so our hours lost to furlough were made up by… increased overtime.
Posted by Rex the Wonder Dog! on September 16, 2019 at 12:48 am
Actually, it kinda does. In 2008-2009, my son in law, along with many others, had his hours cut back to four days/week for almost a year….
OMD Stephen Douglas, that is a WHOPPER lie for the AGES!!!!!! Hold on … Let me make a funny for that WHOPPER LIE!
Posted by Rex the Wonder Dog! on September 16, 2019 at 2:19 am
My position requires a 4 year college degree which I have. Regardless you no marketable skill in troubled economic times. You know it and I know it. The world only needs so many dogs rex.
YourYou’re a dime a dozen.Johnny, if you have a 4 year college degree, a Bachelors degree, I would go back and SUE the fanny off of whomever awarded it to you. Because I don’t know ANYONE with a 4 year college degree that does not know the difference between:
1- Your = possessive pronoun; and
2- You’re = a contraction of “you are”.
Posted by NJ2AZ on September 15, 2019 at 9:22 pm
i’m not conflicted at all. her pension (if she even stays 20 years) will be peanuts. i don’t even factor it into my retirement planning.
Posted by Tough Love on September 15, 2019 at 9:42 pm
In NJ. it’s peanuts at 20 years and caviar at 30 years.
Posted by NJ2AZ on September 15, 2019 at 10:35 pm
I just looked it up. our multiplier is 2.1% for 0-20 years, with a max of 2.3% at 30 years, and there are all sorts of age requirements too depending on years of service…so even though the Mrs will hit 20 years in her 40s, she can’t ‘retire’ without taking a hit.
I have to figure out how it works if she stops teaching after 20 years but puts off drawing the pension until she’s 62 (full retirement age)
Posted by Tough Love on September 15, 2019 at 11:47 pm
2.3%/yr at 30 years. That’s 69% of final (or final 3 or 5 year average) wages.
That a GREAT DEAL more than even the better large Corporate Plans most of which are now “Frozen”….. and not “fair” to your State’s Taxpayers.
Posted by Anonymous on September 16, 2019 at 12:16 am
It is invalid to compare pensions outside the context of total compensation.
Don’t be invalid.
Posted by Tough Love on September 16, 2019 at 12:23 am
It SHOULD be “invalid” just to be you, Stephen Douglas …. with your comments colored by the biased views of a retired CA Public Sector worker.
Posted by Rex the Wonder Dog! on September 16, 2019 at 12:42 am
“It is invalid to compare pensions outside the context of total compensation.”
Public
Trough FeedersEmployees make MORE in cash salary in ALL jobs except highly educated Professions like doctor, dentist and lawyer. Especially the unskilled/semi-skilled Firewhiner type jobs. And one need to only look at the unskilled/semi-skilled “public safety” jobs on Transparent California to prove that up.Posted by Anonymous on September 16, 2019 at 12:59 am
Andrew Biggs,1992-1995 Ph.D. Government, London School of Economics and Political Science
Says “Pay no attention to the dog.”
As of 2008-2012, state workers in California and across the nation averaged 12 percent less in wages than equivalent private sector workers. Nationwide, about 60 percent of state workers, even with their pensions and benefits, earned less than, or equal to equivalent private workers.
And he is the outlier. Other major studies showed state workers earning even less.
Posted by Anonymous on September 16, 2019 at 1:18 am
What is the sound of one hand?
Transparent California does not “prove that up.”
You drank the Flavor Aid.
Posted by NJ2AZ on September 16, 2019 at 9:56 am
total contributions are almost 25% of salary (half by her, half from the state). some fast back of envelope math suggests her plan isn’t obviously unfair to the taxpayers….and believe me, i’m a taxpayer before i’m a teacher’s husband, much to the Mrs’ chagrin 🙂
that is to say, at those contribution rates (which have crept up by about 10-15 bps every year) and with some modest return expectations (i used 4%) working for ~30 years should result in contributions that can pay the pension for another 30 years or so (with no COLA, which i can’t find any mention of, so have to research more if there is one or not)
Posted by Tough Love on September 16, 2019 at 10:15 am
Quoting Stephen Douglas…………
“Nationwide, about 60 percent of state workers, even with their pensions and benefits, earned less than, or equal to equivalent private workers. ”
Please provide a LINK to the exact source of that comment.
—————————-
As well as LINKS link to support you other statement ….”Other major studies showed state workers earning even less.”
Posted by Tough Love on September 16, 2019 at 10:33 am
NJ2AV,
You stated that …”at those contribution rates (which have crept up by about 10-15 bps every year) and with some modest return expectations (i used 4%) working for ~30 years should result in contributions that can pay the pension for another 30 years or so (with no COLA…………”
Your definition of ‘fair” seems to be limited to weather the contributions made during the working years can support the pension payout w/o the need for additional taxpayer contribution after retirement.
Let me ask you ………… if her pension were 2x (or 5s or 10x) as generous, and both her and Taxpayer contributions were 2x (or 5x or 10x) as much as they are now, wouldn’t (by your approach) your answer be the same ? But now the Taxpayer contributions would go from 12.5%-of-pay to 25% (or 60% or 120%) of pay.
With the MOST COMMON retirement security granted Private Sector workers today being a modest (typically 3%-of pay) contribution into a 401k Plan, why are ANY of those taxpayer contribution %s “fair” to the Taxpayers …… unless demonstrably lower wages offsets that greater Taxpayer pension contribution (AND the Taxpayer contributions needed to pay the assuredly greater value of her “benefits” such as subsidized retiree healthcare that is extremely rare in the Private Sector)?
Posted by NJ2AZ on September 16, 2019 at 11:05 am
i would say you: her total compensation package (salary + state retirement contributions to the degree that they are known + health benefits) is clearly below “market value” since Arizona has a much publicized teacher shortage. It seems readily apparent to me that the compensation is inadequate since it is demonstrated as not being enough to attract enough bodies.
If the ranks of Arizona teachers were fully staffed such that in the rare instance when a job actually opened up, they had dozens of qualified applicants (like my hometown in NJ), i would readily admit the total compensation (salary + retirement + benefits) was clearly excessive.
So yes, if her pension were 2x, 3x, 5x (or whatever multiple) more and that resulted in a surplus of teachers, i would agree that would demonstrate excessiveness.
Posted by Tough Love on September 16, 2019 at 11:44 am
Responding to Stephen Douglas ………..
That was a question directed to NJ@AZ, but not surprised AT ALL at your response as a biased Retired CA Public Sector worker. And FWI, “shortages” are a complicated subject, and often Union-“manufactured” as Police do with their claims of never being able to find sufficient “qualified” candidates (from hundreds or thousands applying for every open position).
And ……….. I was asking about “fair”, directly pointing to the MUCH MUCH greater Taxpayer contribution , AND even including that that would be OK if wages were offset the pension/benefit advantage.
Posted by Rex the Wonder Dog! on September 16, 2019 at 1:17 pm
Transparent California does not “prove that up.”
OMD,Dougie was just slapped to the CURB!!!!!!! The TRUTH can be painful my lil troll buddie …
Posted by geo8rge on September 15, 2019 at 6:55 pm
“Now contrast that with every civilization since the Roman times. Guess who doesn’t get sent to the bread line ? The guys who secure civilization, the people who educate civilization,the people who rule civilization.”
Where do retired police and teachers fit into your schema? That’s the problem, the retirees claim they get paid first but when push comes to shove actual working police and teachers are all that need to be paid to keep civilization going.
Posted by stanley on September 15, 2019 at 9:03 am
On a percentage basis, it looks like Murphy show the best improvement. A gold star and a big attaboy for Gov Murplhy. I wonder if all of his improvement was due to restoring the expected return on assets? LOL Why was Connor Rooney always smiling?
Posted by E on September 15, 2019 at 9:22 am
Btw. Put ur $$ on Steelers today. At home against the Seahawks.
Posted by E on September 15, 2019 at 10:33 am
You can thank me later
Posted by NJ2AZ on September 15, 2019 at 3:33 pm
You were saying? 🙂
Anyways I’m glad we don’t have sports betting here because I totally expected the Ravens to cover :p
Posted by Marine1 on September 15, 2019 at 3:39 pm
Eagles !!
Fly Eagles Fly on the road to victory !!
Posted by E on September 15, 2019 at 4:27 pm
I had the ravens in a teaser. Won that but lost on the Steelers. To my defense, the result may have been different if Big Ben didn’t get hurt. Lol. Seahawks surprised me.
If I hit every game, I sure
Wouldn’t be on here so much. Haha.
Saints moneyline in the late game.
I usually bet small, I win and lose small.
Posted by NJ2AZ on September 15, 2019 at 5:59 pm
i probably would have plopped down an even hundred on Ravens -13.5
and i’d be $100 lighter in the wallet. shows how much i know 😀
Posted by Marine1 on September 15, 2019 at 6:06 pm
E- My wife isn’t a teacher. She is a social worker for the state. Someone has to keep all the bad parents accountable.
Posted by Rex the Wonder Dog! on September 15, 2019 at 6:20 pm
E- My wife isn’t a teacher. She is a social worker for the state
WHY doesn’t this surprise me (that your wife is a social worker, the fact you’re actually married surprises the hell out of me 🦴🦴🦴 )!!!!
Posted by Rex the Wonder Dog! on September 15, 2019 at 6:18 pm
Btw. Put ur $$ on Steelers today. At home against the Seahawks…You can thank me later
Like the rest of your allegations here EG, wrong again! Ouchie! Steelers suck eggs! 0-2 😥😥
https://www.nfl.com/gamecenter/2019091507/2019/REG2/seahawks@steelers?icampaign=scoreStrip-globalNav-2019091507
Posted by E on September 15, 2019 at 8:15 pm
@Marine1 — thought she was a teacher. Even less respect for social workers. I had one that lived on my block that has since moved that had to travel to crappy dumps like Passaic and Paterson often alone and at night. She was able to use on older model state vehicle to take home to make things easier travel wise. Really nice lady. I had 2 neighbors on my block complain to me about how she “got it so good with a take home car”, and genuinely didn’t think that was fair, and in general complained about her overall job. Clueless. Performing a truly thankless function where parenting was non existent. Kudos to your wife. That’s why I just do my job to the best of my ability, I don’t try extra to keep people happy. They don’t like it they can lump it.
Posted by E on September 15, 2019 at 8:17 pm
At AZ— I had a teaser w NE and ravens so I was only giving six and pushed that game and won NE.
Last hurrah with the eagles tonight. Sorry Marine1, I hate them. Lol. But I bet on them tonight.
Posted by NJ2AZ on September 15, 2019 at 8:35 pm
E – can you explain how a teaser works? I fancy myself a pretty sharp guy and yet i’ve never found an explanation that makes it clear what the heck they are.
dumb it down, like i’m a second grader.
Posted by E on September 16, 2019 at 7:10 am
I’m assuming you know what a parlay is….betting on two or more games and you have to hit on each leg (game) of the parlay.
A teaser would be effectively reducing your ultimate payout by giving you points on each leg of the parlay.
I.e. if the cardinals were -5 and the cowboys +2, and you took a teaser (has to be on each leg of the parlay, and is usually 6, 6.5, or 7 points) your new line would be (if you took 7 pt teaser) cards +2 and cowboys +9 if you took those teams. (-12 and -5 if you took opponents). It reducing your winnings but gives you a much better chance of winning.
Posted by E on September 16, 2019 at 7:24 am
I’m assuming you know how a point spread works. Versus a moneyline. (Pick the winner and payouts will vary based on team talent).
You can also buy or sell the points if betting a single game. You can do the same for over/unders. (Betting on the game having less or more points/runs etc than the line the book comes out with). And so much more on these websites. I only drop a few bucks on them for fun. As most guys do, it is hugely popular. But alas, I’m sure some guys bet over their head for sure.
Posted by NJ2AZ on September 16, 2019 at 9:06 am
Does the bettor get to specify the extra points added to the spreads (with corresponding changes to the payout) or is it set by the casino?
Posted by E on September 16, 2019 at 11:08 am
The casino or book sets the line and then the bettor can manipulate the line either way to what they feel will be the outcome. Before online betting that didn’t exist. The line was the line except for teasers.
Obviously, as you manipulate the line in either direction, the payout changes. Longer odds lead to higher payouts but less chance of hitting. Download the DraftKings app. You won’t be able to bet unless your in NJ (I think there are 2 or 3 other states too) but you can kinda see how it works. It has replaced entirely, fantasy football for me. And I have quadrupled the amount of $$ i initially deposited a year ago. Haven’t put in another dime. Easy to withdraw too.
Surprised to hear you’re a taxpayer first, while I am a taxpayer as is my wife, she is a policeman’s wife first and I am a medical billers husband first. Family first. Unless my wife was involved in something I was morally opposed to, animal research, etc. I would support her 100% lol. I’m sure TL is a finance lady first than a taxpayer.
As John Smith said to Joe Blake in “man in the high castle”
“You must trust the woman in your life, with you life”.
Absolute great series on Amazon Prime.
Posted by NJ2AZ on September 16, 2019 at 11:49 am
I’m a strange guy. I have my particular ideas of ‘right’ and ‘wrong, and while those might change, i can’t come down on the ‘wrong’ side of something for the sake of personal relationships. Its probably why i don’t have many friends, because at some point friendship always means telling someone what they want to hear even though they screwed up. Luckily the Mrs tolerates me 🙂
I supported our “Red for Ed” movement out here not because the Mrs was part of it, but because (as i said to TL in a post above), the fact that we have a teacher shortage out here clearly demonstrates we are not compensating them enough. If we had a full complement of teachers and they were still threatening walkouts, i would gladly root for “management” instead and tell the teachers to pound sand.
Generally, i don’t support blank checks either no matter how good the intentions. At one point the Mrs said something about “crappy AZ education spending” and i point blank asked her if she really believed that any amount of money would change the fact that so many of her students dont care about learning because no one in their home cares about learning. She was like “damnit..you’re right”
Posted by E on September 16, 2019 at 12:59 pm
Youngins back east aren’t really lining up for teaching jobs here anymore. No where near as bad as AZ and what you say, but that is because they have a strong union.
Personally, I feel your wife has the absolute right to try to make as much $$$ as possible. Just as you do.
Just remember, management isn’t the one that’ll be changing your diaper 50 years from now. Lol. And TL sucks. Don’t listen to her BS. She is a communist. Always wants to compare salaries instead of supply and demand and negotiation determining compensation.
In AZ case, increasing compensation should lead to more qualified and talented teachers in the classroom.
BTW, did I succeed in explaining how a teaser works and “buying” points?
Posted by NJ2AZ on September 16, 2019 at 2:13 pm
Yes (re: the tease). The part that I never got was how the ‘extra’ points work, so thank you
Posted by MJ on September 16, 2019 at 3:58 pm
Marine 1 it is not becoming a police officer or a marine to brag. I’m happy that you have options bc that means that you will be working and surely you realize that those of us in the private sector with higher level skills and higher intelligence levels have many options as well. That’s all a good thing, I don’t wish ill on anyone and never would I be hoping for a recession. So don’t lump us all together just as I don’t lump all cops together.
BTW I don’t gamble but I thought E was explaining how to use a “tazer” until I went back and saw “teaser” ha ha ha good laugh!
Posted by E on September 16, 2019 at 4:30 pm
Lol. Our department doesn’t carry tasers.
In fact, with 1-6 years left, I can do without them.
Posted by Rex the Wonder Dog! on September 16, 2019 at 7:09 pm
Lol. Our department doesn’t carry tasers.
Are you KIDDING ME? Where do you live, Podunk USA? Do you leave the pepper spray, video and digital audio recorders at the office too (with the TASERS)? Does the term “non-lethal force” ring any bells with you and your PD🚓?
Posted by E on September 16, 2019 at 8:03 pm
Umm…as you know I live and work In northern NJ. However, I recall asking you where you lived(general area) and you didn’t answer Except to say that your not a NJ resident. NJ just recently loosened ridiculous restrictions on taser use. I already carry on my belt an ASP(expandable baton), OC (pepper) spray, 2 non lethal choices there, 3 if you include my fists.
How about it pup! Where’s your dog house? General location of course.
Podunk is fine w me. More like a nice suburb, but as u know I’m nearing retirement.
Posted by Rex the Wonder Dog! on September 17, 2019 at 12:21 pm
I already carry on my belt an ASP(expandable baton), OC (pepper) spray, 2 non lethal choices there, 3 if you include my fists.
LOL.. Come on EG, you can’t count your “fists”. That’s like claiming Scrappy Doo was a “tough guy” 🥰