ALL OCCUPY PROTESTS is ending up doing is increasing pension burdens on the CITIES

Discussion in 'Wall St. News' started by darwin666, Nov 15, 2011.

  1. ha ha.. we all know. how this works.. the police will get overtime. and this will increase thier annual salaries. .Their pension components are usually tied to their average 5 year salaries or some twisted formula..

    END RESULT is.. CITIES will be burdened with more PENSION OBLIGATIONS... gee.!

    Police and protest: Occupy officers' overtime increases weekly pay

    Big city police officers and the Occupy Wall Street protesters are natural allies, rather than enemies. If the Occupy Movement Protests shutdown today, thousands of police officers raking in overtime pay over the past two months will go back to regular paychecks.

    While the 99 percent floods Wall Street, Oakland, Portland, Atlanta, Cincinnati and other big cities around the U.S., police officers are reaping the oats that protesters have sown. With bigger paychecks coming in for the holidays, police officers across the nation are due for a bountiful holiday season. Ironic because the police and their methods have been targets of citizen anger in the protest movements.

    Also ironic because civil servants aren't getting any love from the Obama Administration. Fire fighters, police and teachers have all had a bad run with an administration swamped with financial woes and no real bail out for its citizens in sight.

    Take a look at overtime totals charged to city budgets as a result of the Occupy Protests:

    1. Portland, Oregon: In five weeks, hundreds of police officers have raked in overtime surpassing $300,000. There are approximately 1150 Portland police officers employed across 20 city districts. Police officers in Portland earn an average $39,000 per year.

    2. Cincinnati, Ohio. There are approximately 1,057 police officers working for the City of Cincinnati. In one month, from October through November, the city is footing a $128,000 bill to pay officers who manned overtime hours patrolling Occupy Cincinnati protesters. Average annual salary: $41,000.

    3. New York, New York At the end of October, a thirty day tally of Occupy Wall Street Protests cost the city more than $3.8 million in overtime. New York City Police Department operates on an annual budget of $3.9 billion. There are 35,000 city officers who work special events, including Presidential visits, year round that tap into the city's overtime budget. lists the average police officer salary in NY at $59,000 per year.

    4. Oakland, California Although Oakland police complained of not getting a paid day off during the city's strike day, Oakland officers raked in $1 million dollars worth of overtime in a month. There are fewer than 700, approximately 645 police officers sworn in at the Oakland police department. Average officer salary: $57,000 per year.

    5. Atlanta, Georgia Occupy protests in Atlanta have cost the city somewhere in the ballpark of $451,000, city officials say most of it accounts for police overtime. Atlanta's police department operates on an annual budget of $172,418,028. There are 1,567 on the force. Average police take home pay: $50,000 per year.

    6. Philadelphia, Pennsylvania In the first 5 days of the Occupy Philadelphia movement, police officers in Philly made $164,000 in overtime. There are 6,646 officers in the Philly police department. Average salary: $43,000 per year.

    Most cities alerted citizens via media early in the movement that Occupy protests would cost governments extra. The Occupy Protests have had considerable support from the public, particularly when the protests were in earlier stages. But recent polls show that 42 percent of those polled support the Occupy Movement while some 60 percent are opposed.

    In cities where protests are peaceful, police force en masse is an extra security measure. In other cities where arrests, tear gas, pepper spray and rubber bullets were used to contain protesters, police presence feels like enemy presence. The tension between police and protesters erupted in major cities, most notably Oakland and Atlanta.

    In Portland, protesters are celebrating victory today because they've remained at their Occupy site overnight, despite threats to shut them down. In Oakland, the city's mayor remains in foggy quandary as her will to see the Occupy Oakland shut down is defeated by the protesters who aren't backing down.

    But every police department allots for police overtime in its yearly budget. As the Occupy Protests move forward, voters are ripe to shape newer political landscapes with politicians sensitive to employee demands.

    At the end of the protests, in the event the protest movement impacts the country in a similar manner to the Tea Party movement, civil servants are reaping the early advantages of what many consider an economic protest with heavy socialist and Marxist roots.
  2. have u heard of double dip... some police officers. join at 20 and work for 20 years .then transfer and move to highway patrol and work another 20 years.then pull pensions. plus SSN. from all .fleece us to the bone..


    City, county and state government pensions are one of the less publicized rip-offs of the American taxpayer.

    Newspapers throughout the nation sporadically print back page stories about government employees who retire after 20 years with full benefits and pensions (generally east coast states). These same people then go to work for another municipality and after 3 to 5 more years they collect another full pension, resulting in taxpayer’s footing the bill for billions of additional pension dollars. On top of that, these same governments are not funding the pensions while handing out huge increases in long-term retirement benefits; instead, they are stealing the money to cover their bloated budgets. This process is a national disgrace with horrendous implications on the economy regardless of your views on government’s place in society. The problem not only exists with city, county and state pensions, its ugly head has also reared in the private sector as well. Someday, someone is going to have to cough up an enormous amount of money to even out the books, and it won’t be the current politicians who face up to this fiscal banditry – they’ll be long gone.

    But how does this work? How do the politicians ignore their fiscal responsibility by playing dangerous and fraudulent games with pension monies? We’ll explain it in terms that you most likely can readily identify with.

    The Mechanics of Pension Rip-Offs

    Let’s say you work for the XYZ Manufacturing Company and every month they withhold $50.00 for deposit in your 401(k) fund. That money is supposed to automatically be deposited in some vehicle such as a bank account or into a mutual fund. If the owner is faced with a lousy month of sales and he can’t make payroll in full, he may elect to not make the deposits and hope he can make it up later. Now first of all, what he is doing is illegal and secondly it is most likely being done without your knowledge. Since it’s illegal few small companies push the envelope because they don’t want to be thrown in jail. But the legislators and administrators in many states are doing the same thing except on a much grander scale. Instead of depositing the money in a bank or fund, they use the money to pay city, county or state bills. Yes, it’s illegal in all branches of government, too.

    Over the last few years, we have been inundated with stories about how Congress has stolen your Social Security payments to pay out-of-this-world federal bills. On top of these unfunded liabilities, state government has been giving enormous pay increases to state employees too, which aggravates the total pension-funding problem. We can all remember the old adage, “Robbing Peter to pay Paul.” At some point, we all must recognize that our younger citizens will be presented with a huge bill because the older taxpayers have run out of money to make up the difference.

    In total, America’s private pension plans are under funded by $353 billion for all private-sector American workers, while public-sector plans are under funded by $450 billion, for close to $1 trillion in debt.
  3. This is funny, why didn't the Tea Partiers think of it? Starving the beast and all that. In fact, why don't the Tea Partiers support OWS now?
  4. This is the funniest thing I've read about OWS.

    No wonder that one cop pepper sprayed the girl. They don't want the furor to stop. Talk about messed up incentives.