The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Cop salaries when including present value of pension
Poast new message in this thread
Date: June 18th, 2013 10:53 AM Author: Harsh Lilac Roast Beef Box Office By salary I meant compensation. What is this like 200k+? And 500k+ for the special cases who retire with 150k-200k per year pension for 40 years?
Are we all fucking retarded for not being cops or what? |
 |
Date: June 18th, 2013 10:53 AM Author: Tan Lodge they are all constantly putting their lives at risk! (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421581) |
|
Date: June 18th, 2013 10:54 AM Author: Odious milk cholesterol is deadly (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421584) |
|
Date: June 18th, 2013 11:05 AM Author: Harsh Lilac Roast Beef Box Office lol (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421633) |
|
Date: June 18th, 2013 11:36 AM Author: Contagious abusive friendly grandma ratface Watch this.
*drives to work* |
|
Date: June 18th, 2013 11:41 AM Author: Harsh Lilac Roast Beef Box Office I know this was sarcastic, but serious question: Why do they have pensions instead of just paying out the present value as a salary?
To me the answer is:
1. Taxpayers OVERWHELMINGLY would never ever approve of what they are making if they understood it, and a pure salary would be too easy to understand.
2. They can't afford to pay themselves that much in real time, so they irresponsibly saddled the next generation with the obligation. |
|
Date: June 18th, 2013 11:45 AM Author: Contagious abusive friendly grandma ratface Correct. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421807) |
|
Date: June 18th, 2013 12:04 PM Author: Splenetic umber main people legend all executive comp is basically designed to be so complex and to defer realization for long enough that no one can get upset about it.
CEO's get made like an even $1m in salary but then make $10m in stock appreciation units and supplemental retirement plans |
|
Date: June 18th, 2013 12:34 PM Author: Harsh Lilac Roast Beef Box Office LOL, this isn't true at all.
1. Executive comp is deferred for two reasons: taxes, and in order to make it contingent on performance over time.
2. Executive comp is constantly scrutinized and broken down into totals.
3. Directors and the vast majority of stockholders by volume are more than sophisticated enough to understand executive compensation. (Unlike the average voter/taxpayer). |
|
Date: June 18th, 2013 12:43 PM Author: Splenetic umber main people legend yeah right. why do companies have a dozen comp plans? why is exec comp disclosure take 40 pages of text and tables.
because the inmates run the asylum |
|
Date: June 18th, 2013 12:51 PM Author: Harsh Lilac Roast Beef Box Office Retard, find me a multimillion dollar agreement that does not include many pages but that is heavily regulated and fraught with complex legal issues. But yes the mechanics of the actual scheme can also be complex.
I'm not going to argue that executive compensation is justified or right, but the relevant people understand what execs are getting paid.
|
|
Date: June 18th, 2013 1:20 PM Author: razzmatazz digit ratio (Actual retard who is unable to understand the 40 pages of disclosures clearly explaining compensation and thus believes they are incomprehensible to everyone) (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422227) |
|
Date: June 18th, 2013 1:09 PM Author: Judgmental Water Buffalo if you don't like apple's exec comp plan, don't invest in apple.
now, try doing that with your taxes. |
|
Date: June 18th, 2013 1:10 PM Author: Harsh Lilac Roast Beef Box Office cr (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422181) |
|
Date: June 18th, 2013 11:58 AM Author: bespoke travel guidebook Sorry bootlicker, being a cop isn't really that dangerous of a job. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421868) |
|
Date: June 18th, 2013 11:58 AM Author: Orchid deep address *runs backpage.com escort stings*
oh what a hero! |
Date: June 18th, 2013 11:42 AM Author: Orchid deep address I hate all cops so fucking much. More than terrorists. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421798) |
|
Date: June 18th, 2013 11:45 AM Author: histrionic lime wagecucks and yet who is teh first person you turn to when you need help frmo crime man (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421808) |
|
Date: June 18th, 2013 11:46 AM Author: Motley meetinghouse what help from crime? the odds of a cop showing up and saving you from a crime are astronomically low, the threat of them solving it is all that helps you (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421811) |
|
Date: June 18th, 2013 11:47 AM Author: Contagious abusive friendly grandma ratface Unless you live in a shithole, you'll probably never need cops to help with anything other than keeping an eye on traffic. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421816) |
|
Date: June 18th, 2013 11:47 AM Author: Orchid deep address im probably more likely to be accidentally shot by a full blown retard cop than to have my life saved by one. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421819) |
|
Date: June 18th, 2013 11:48 AM Author: Brass chapel gaming laptop Hugely credited (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421824) |
|
Date: June 18th, 2013 12:35 PM Author: Harsh Lilac Roast Beef Box Office I don't hate cops. Most of them are good people. But there is a problem with the pensions. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422010) |
|
Date: June 18th, 2013 1:00 PM Author: comical cruise ship cumskin good people, but most lie under oath because the guy was guilty, anyway |
|
Date: June 18th, 2013 11:45 AM Author: painfully honest ruddy weed whacker state Plus, I'm sure that they get opportunities to pocket drug money and the like. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421806) |
|
Date: June 18th, 2013 12:05 PM Author: Splenetic umber main people legend why do we spend so much time policing the speed limit.
seems like a huge racket. |
|
Date: June 18th, 2013 12:18 PM Author: fuchsia lascivious public bath In some cities you see a fucking cop like every couple hundred yards sitting there looking for speeders. There is no fucking way they give out enough speeding tickets to justify their employment. And I really don't think the public gives a shit whether we catch every single person who goes 50 in a 35 zone. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421936) |
|
Date: June 18th, 2013 12:24 PM Author: Orchid deep address grossly overpaying people to fuck us in the ass (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421965) |
|
Date: June 18th, 2013 12:59 PM Author: Iridescent psychic speeding ticket revenue pays for most of the expenses of police dept (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422132) |
|
Date: June 18th, 2013 1:00 PM Author: comical cruise ship cumskin if it saves one life (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422136) |
|
Date: June 18th, 2013 1:05 PM Author: Contagious abusive friendly grandma ratface Actually, I rarely see cops doing traffic work in my area. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422160) |
|
Date: June 18th, 2013 12:15 PM Author: fuchsia lascivious public bath I have a cop friend and the state website lists his all-in yearly compensation at like 140k+. He was complaining how bullshit that was because it includes his benefits and present value pension. It's funny how these guys take the benefits for granted and think like everyone gets them or something. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421922) |
|
Date: June 18th, 2013 12:26 PM Author: Brass chapel gaming laptop His benefits are the best of the best as well. This is rightly considered as part of compensation. Its especially important for people with families, where routine medical bills could easily cost 1000s. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421971) |
|
Date: June 18th, 2013 12:32 PM Author: salmon principal's office affirmative action It's even worse than that because it probably includes the contributions, not the actual present value (which is far greater than contributions) (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23421996) |
|
Date: June 23rd, 2013 2:04 PM Author: dun overrated puppy hairy legs nah bro, i'm sure those projected 11% returns will come through. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23456924) |
|
Date: June 18th, 2013 12:37 PM Author: Harsh Lilac Roast Beef Box Office lol at complaining that it shows the truth. what state is this?
These fuckers are despicable when it comes to this. They really think that anyone else gets stuff like this? |
|
Date: June 18th, 2013 12:45 PM Author: Stirring forum They need to raise 401K limits for people who don't get matching. That would even things out somewhat. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422050) |
|
Date: June 18th, 2013 12:48 PM Author: salmon principal's office affirmative action LOLOLOLOLOLOL (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422067) |
|
Date: June 18th, 2013 12:50 PM Author: Stirring forum These people are effectively making $150K while paying taxes on $75K, whereas people who actually make $150K are paying taxes on the whole $150K. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422081) |
|
Date: June 18th, 2013 12:51 PM Author: salmon principal's office affirmative action Lol if you think that is the only advantage of a defined benefit public pension (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422088) |
|
Date: June 18th, 2013 12:54 PM Author: Stirring forum It's the biggest advantage. If we could take $100K of our biglaw salaries and put $100K in a 401K, we'd be doing pretty well. Assuming you are somewhat competent in investing your own money, which many people are not. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422107) |
|
Date: June 18th, 2013 12:57 PM Author: Harsh Lilac Roast Beef Box Office No. You'd be doing as well as cops IF:
1. You worked an average of 20-25 hours a week for the year.
2. You did a job that could easily be COMPETENTLY filled at 40-50k per year.
3. Your total compensation was like 300k per year each year that you actually worked, and the people paying your salary didn't even know/care and if they did would have a very hard time doing anything about it.
4. You did not have to spend any time (opportunity cost) or money going to law school or even college really.
5. Little to zero chance of being LAYOFF PWNED (compared to 100% chance in biglaw).
6. For the second half of your working life you get to have another chill career doing whatever you want, starting a business etc, and any money you make is on top of your pension. |
|
Date: June 18th, 2013 1:01 PM Author: Stirring forum What's the average total compensation for a cop? Is this just in certain cities or is this a national phenomenon? Regardless, I can't be too upset that other people are beating the system. I made the ill-advised choice of going to law school and have to deal with it. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422139) |
|
Date: June 18th, 2013 1:07 PM Author: Harsh Lilac Roast Beef Box Office There are extreme cases of 200k+ pensions that are limited to certain places but even these are by no means a rare thing. They are all over NJ, NY, CA, and IL.
But even the norm is to work for 25 years and retire around 45 and then collect a pension, maybe 80-100k or something, for 40 fucking years or even much more as life expectancy goes up. And as medical costs go up, so does your total compensation all throughout retirement.
I'm not angry at your average cop, and I don't get upset or jealous at people making money. But these are public employees. That means taxpayers and voters are supposed to be deciding what kind of service they want from these institutions and what compensation should be. So this is exactly the kind of thing that we should be deliberating on. |
|
Date: June 18th, 2013 1:01 PM Author: Orchid deep address BUT
THEY
RISK
THEIR
LIVES |
|
Date: June 18th, 2013 1:08 PM Author: Contagious abusive friendly grandma ratface *trims palm trees*
*doesn't get cushy, secure life* |
|
Date: June 18th, 2013 1:37 PM Author: Harsh Lilac Roast Beef Box Office (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422326) |
|
Date: June 18th, 2013 4:46 PM Author: Harsh Lilac Roast Beef Box Office (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23423350) |
|
Date: June 18th, 2013 12:59 PM Author: salmon principal's office affirmative action Brother, it sounds like you need to read up on this scam a bit more (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422133) |
|
Date: June 18th, 2013 12:53 PM Author: Harsh Lilac Roast Beef Box Office Yes that's another big fucking scam aspect of it, but not as much as the issue that these people are making 300k and nobody even knows it, not even THEM half the time, they are too fucking stupid to even understand present value. (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23422100) |
|
Date: June 18th, 2013 1:16 PM Author: Narrow-minded lay they shouldn't get their pensions until age 65.
or every year before 65 that they retire should cut 5% from their pensions. |
|
Date: June 23rd, 2013 1:51 PM Author: Harsh Lilac Roast Beef Box Office (http://www.autoadmit.com/thread.php?thread_id=2285282&forum_id=2#23456855) |