Monday, May 08, 2006

Milwaukee County Retiree benefits drain finances

The Milwaukee Journal reports:
In the 1960s, Virginia Schumann faced a difficult problem - how to support two young children after a recent divorce.

She took the advice and, after a 33-year career culminating as a court clerk, was glad she did. She was able to raise the kids by herself and pay for a house in Wauwatosa, where she still lives.

Schumann, now 65, retired in 1999 at a salary of about $36,000 a year and a pension that has now grown to about $26,000 a year. She left county service a year before the 2000 enhanced pensions were enacted, which could have given her a possible $350,000 upfront payment upon retirement.
Few counties in America can say this:
The county has the distinction of carrying more retirees (6,050) than active employees (4,631) on county health insurance. Add in 3,100 spouses and dependents of retirees, and the county is insuring more than 9,000 individuals on the retiree side. The county now pays out more in health care for retirees than for active employees.
If you make less than 100K a year you can't get a better deal than working for the government.As you can see government isn't about justice,fairness,or efficiency but large scale looting of the taxpayers through majority voting.We expect that many people will demand a Chapter 9 bankruptcy to try and void these unfair obligations on the taxpayers.