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Retired NY Sanitation Worker Receives $285k Per Year Pension

Thought it would be blank, didn't you? https://nypost.co...
light mildly autistic gay wizard
  02/21/18
Good on him for gaming the system.
titillating slap-happy abode
  02/21/18
Sounds like he should have retired earlier.
Sooty boyish philosopher-king bbw
  02/21/18
yeah tbf he worked til his fucking 80s lol
Exhilarant toilet seat associate
  02/21/18
Yeah. Don't hate the playa But fuck public unions and fu...
concupiscible factory reset button
  02/21/18
"Asked about his lifetime golden handshake on Tuesday, ...
Charismatic Reading Party French Chef
  02/21/18
"Pensions like these are unheard of in the private sect...
Kink-friendly jet-lagged lettuce international law enforcement agency
  02/21/18
(guy who doesnt undersatnd diff between pensions and severan...
Exhilarant toilet seat associate
  02/21/18
It's not limited to severance.
Sooty boyish philosopher-king bbw
  02/21/18
(guy letting perfection be the enemy of the good wrt context...
Kink-friendly jet-lagged lettuce international law enforcement agency
  02/21/18
lol he worked until he was 83. let him get his crazy pensio...
charcoal razzmatazz tattoo
  02/21/18
Even at 86, that guy looks like a guy you don't want to fuck...
lake godawful selfie
  02/21/18
Labor relations for sanitation eh...?
stimulating cruel-hearted quadroon
  02/21/18
he would have made 40-50x in the private sector
Ruby Frozen Twinkling Uncleanness
  02/21/18
(police union)
Sooty boyish philosopher-king bbw
  02/21/18
nice
Carnelian hot crackhouse patrolman
  05/09/18
https://www.ssa.gov/oact/STATS/table4c6.html 5.5 years un...
Sooty boyish philosopher-king bbw
  02/21/18
...
crawly psychic
  05/09/18
180
low-t filthpig
  05/09/18


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Date: February 21st, 2018 11:14 AM
Author: light mildly autistic gay wizard

Thought it would be blank, didn't you?

https://nypost.com/2018/02/20/retired-sanitation-worker-rakes-in-285k-a-year-from-pension/

By Alex Taylor and Carl Campanile

A former Sanitation Department honcho is pulling in an astonishing $285,047-a-year pension — more than twice what he was making on the job, according to newly released data.

And that’s just one of dozens of huge pension payouts revealed in records published Tuesday by the Empire Center for Public Policy — data that lay bare the city’s insanely generous pension system, the government watchdog said.

“Pensions like these are unheard of in the private sector — and deserve the close scrutiny of taxpayers,” said Tim Hoefer, executive director of the Empire Center.

“The long list of six-figure pensioners in the New York City Employees’ Retirement System shows just how great a burden the city has placed on its finances,” Hoefer added.

Eugene Egan, the garbage-hauling agency’s longtime director of labor relations, was earning $128,189 a year when he retired in 2015, public records show.

But because the 86-year-old Bronx man started working for the department before July 1973, he was enrolled in the city’s most lavish pension plan — known as Tier 1 — and was able to continue growing his retirement pot throughout a lengthy career.

Asked about his lifetime golden handshake on Tuesday, the golden oldie became defensive and called the figures “fake news.”

“You’ll go ahead and say I’m ripping off the city ’cause I got a pension,” Egan said at the door of his two-story home in the Bronx, saying he didn’t want to look “like a bum.”

“The fact is that I worked almost 60 years for it,” he added.

While he was still working for the Sanitation Department, Egan didn’t like other workers at the agency knowing how long he’d been there, a department insider who worked with him told the Post — but said he was known as a good and knowledgeable guy.

The source said Egan kicked in his own contributions over the years to help fatten his final pension check.

Egan wouldn’t break down the details of his sweet Tier 1 deal, which is no longer available to today’s city workers. The average Department of Sanitation pension is $49,405, according to the Empire Center.

“You retire. That’s it,” he snapped, before shutting the door on a Post reporter, instructing him to “get an honest job.”

There are only 853 active Tier 1 members left in Gotham, according to the Comptroller’s Office.

But the eye-popping pensions still show the city should move toward defined contribution systems like 401(k) plans instead of such unsustainable schemes, according to Citizens Budget Commission vice president Maria Doulis.

“This is sweet for the retirees. A little bitter for the taxpayers,” Doulis said.

“Pension costs are now a $10 billion expense in the city budget,” she added.

Despite the fact that taxpayers are footing the bill, the Empire Center had to fight in court for years to get unredacted records from the New York City Employees’ Retirement System — which manages the pensions of more than 135,000 retirees.

The figures released on the center’s SeeThroughNY online database show payments of $3.8 billion in 2016.

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35451792)



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Date: February 21st, 2018 11:15 AM
Author: titillating slap-happy abode

Good on him for gaming the system.

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35451803)



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Date: February 21st, 2018 11:31 AM
Author: Sooty boyish philosopher-king bbw

Sounds like he should have retired earlier.

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35451913)



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Date: February 21st, 2018 11:32 AM
Author: Exhilarant toilet seat associate

yeah tbf he worked til his fucking 80s lol

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35451918)



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Date: February 21st, 2018 11:32 AM
Author: concupiscible factory reset button

Yeah. Don't hate the playa

But fuck public unions and fuck the politicians who enable them for their votes

Public unions should be banned

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35451920)



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Date: February 21st, 2018 11:33 AM
Author: Charismatic Reading Party French Chef

"Asked about his lifetime golden handshake on Tuesday, the golden oldie became defensive and called the figures “fake news.”

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35451924)



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Date: February 21st, 2018 11:34 AM
Author: Kink-friendly jet-lagged lettuce international law enforcement agency

"Pensions like these are unheard of in the private sector"

guy that's never heard of golden parachutes or beefed up CEO severance packages

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35451933)



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Date: February 21st, 2018 11:34 AM
Author: Exhilarant toilet seat associate

(guy who doesnt undersatnd diff between pensions and severance

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35451939)



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Date: February 21st, 2018 11:35 AM
Author: Sooty boyish philosopher-king bbw

It's not limited to severance.

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35451948)



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Date: February 21st, 2018 11:44 AM
Author: Kink-friendly jet-lagged lettuce international law enforcement agency

(guy letting perfection be the enemy of the good wrt context)

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35452014)



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Date: February 21st, 2018 11:36 AM
Author: charcoal razzmatazz tattoo

lol he worked until he was 83. let him get his crazy pension.

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35451951)



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Date: February 21st, 2018 11:37 AM
Author: lake godawful selfie

Even at 86, that guy looks like a guy you don't want to fuck with.

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35451963)



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Date: February 21st, 2018 11:43 AM
Author: stimulating cruel-hearted quadroon

Labor relations for sanitation eh...?

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35452003)



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Date: February 21st, 2018 11:47 AM
Author: Ruby Frozen Twinkling Uncleanness

he would have made 40-50x in the private sector

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35452043)



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Date: February 21st, 2018 2:15 PM
Author: Sooty boyish philosopher-king bbw

(police union)

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35453298)



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Date: May 9th, 2018 1:09 PM
Author: Carnelian hot crackhouse patrolman

nice

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#36015466)



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Date: February 21st, 2018 2:15 PM
Author: Sooty boyish philosopher-king bbw

https://www.ssa.gov/oact/STATS/table4c6.html

5.5 years until death.

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#35453301)



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Date: May 9th, 2018 12:59 PM
Author: crawly psychic



(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#36015394)



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Date: May 9th, 2018 12:38 PM
Author: low-t filthpig

180

(http://www.autoadmit.com/thread.php?thread_id=3899374&forum_id=2#36015204)