ADVrider

Go Back   ADVrider > Riding > The perfect line and other riding myths
User Name
Password
Register Inmates Photos Site Rules Search Today's Posts Mark Forums Read

Reply
 
Thread Tools Search this Thread Display Modes
Old 04-25-2013, 06:48 PM   #121
Riteris
Dessert Runner
 
Joined: Aug 2002
Location: A place many ADV Riders fear: The Nation's Capital
Oddometer: 2,866
Quote:
Originally Posted by GI_JO_NATHAN View Post
I agree with almost everything you said, except I think the cop seemed like an old pro at the intimidation thing.

I refer to it as "copitude." As in having "copitude."
__________________
Chris

I am taking the advice of all those people that told me, "Hey kid, why don't you go play in traffic!"
Riteris is offline   Reply With Quote
Old 04-25-2013, 08:53 PM   #122
PT Rider
Studly Adventurer
 
Joined: Aug 2009
Location: NW Washington State
Oddometer: 673
Quote:
Originally Posted by windmill View Post


FYI, most police pensions are funded during service as part of their compensation. Pensions are administered and paid by the Teamsters, not the tax payers.

An earned and vested pension can't be denied.
What? Washington State police have a state and sometimes local pension. I find no links to teamsters and Las Vegas police. Most public pensions are not funded during service (but should be). A 2011 Congressional Budget Office report shows that public pensions are underfunded at least $700 billion dollars. There is an ongoing question on whether the current Stockton, CA, city bankruptcy can include an end to the city funding their pension obligations to the California Public Employee Retirement System.

Earned and vested pensions are denied every day. If they aren't fully funded then a simple bankruptcy filing can take it all away. Take the case of the bakers union and Hostess Brands. First, the bakers agreed for part of their wages to go to their pension. The hedge funds that owned Hostess Brands "borrowed" the wage contribution without telling the bakers then filed for bankruptcy. The bankruptcy judge deemed the "borrowings" to be unsecured creditors and the bakers lost their wage contributions into the pockets of the hedge funders. The second bankruptcy of Hostess Brands resulted in nothing for the workers. The new owners of the Hostess Brands is blacklisting the former union bakers.
__________________
It's not what you look at that matters, it's what you see.
Henry David Thoreau

PT Rider screwed with this post 04-25-2013 at 09:00 PM
PT Rider is offline   Reply With Quote
Old 04-25-2013, 09:36 PM   #123
ttpete
Rectum Non Bustibus
 
Joined: May 2009
Location: Dearborn, MI
Oddometer: 5,683
Quote:
Originally Posted by PT Rider View Post
What? Washington State police have a state and sometimes local pension. I find no links to teamsters and Las Vegas police. Most public pensions are not funded during service (but should be). A 2011 Congressional Budget Office report shows that public pensions are underfunded at least $700 billion dollars. There is an ongoing question on whether the current Stockton, CA, city bankruptcy can include an end to the city funding their pension obligations to the California Public Employee Retirement System.

Earned and vested pensions are denied every day. If they aren't fully funded then a simple bankruptcy filing can take it all away. Take the case of the bakers union and Hostess Brands. First, the bakers agreed for part of their wages to go to their pension. The hedge funds that owned Hostess Brands "borrowed" the wage contribution without telling the bakers then filed for bankruptcy. The bankruptcy judge deemed the "borrowings" to be unsecured creditors and the bakers lost their wage contributions into the pockets of the hedge funders. The second bankruptcy of Hostess Brands resulted in nothing for the workers. The new owners of the Hostess Brands is blacklisting the former union bakers.
The screwup here is that the unions allowed the investors to regulate the pension fund. The unions should have done it with court administered oversight.
__________________
15 BMW RnineT
10 Ducati 1098 Streetfighter S - "Sleipnir"
09 Kaw Versys
67 Triumph Bonneville TT Special
ttpete is online now   Reply With Quote
Reply

Share

Thread Tools Search this Thread
Search this Thread:

.
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


Times are GMT -7.   It's 05:24 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ADVrider 2011-2014