brianlux said:

randynester said:

rgambs said:

tempo_n_groove said:

rgambs said:

After something I saw on FB this morning, I feel compelled to remind the boards that a Chicago police officer who posted here for a while before he was banned used to call having a family member killed by police "winning the ghetto lottery".

I don't remember that.  Really?

So if you get killed then the family sues?  I don't understand.

Yeah the lawsuits often end in settlements, so that's "winning the ghetto lottery".

Certainly worked for George Floyd...$14,487,400 and still counting. You know, for "funeral expenses" even though his funeral was paid for by celebrities.

Oh really now?  And where did you read that?  Nice try.

And what about his killer who could receive $50K a year even if found guilty of murder?

https://www.nytimes.com/2020/06/13/us/chauvin-pension-conviction-floyd.html

"Even if the former Minneapolis police officer Derek Chauvin is found guilty of murdering George Floyd, he will qualify to receive what could amount to around $50,000 a year in state pension payments."

mace1229 said:

brianlux said:

randynester said:

rgambs said:

tempo_n_groove said:

rgambs said:

After something I saw on FB this morning, I feel compelled to remind the boards that a Chicago police officer who posted here for a while before he was banned used to call having a family member killed by police "winning the ghetto lottery".

I don't remember that.  Really?

So if you get killed then the family sues?  I don't understand.

Yeah the lawsuits often end in settlements, so that's "winning the ghetto lottery".

Certainly worked for George Floyd...$14,487,400 and still counting. You know, for "funeral expenses" even though his funeral was paid for by celebrities.

Oh really now?  And where did you read that?  Nice try.

And what about his killer who could receive $50K a year even if found guilty of murder?

https://www.nytimes.com/2020/06/13/us/chauvin-pension-conviction-floyd.html

"Even if the former Minneapolis police officer Derek Chauvin is found guilty of murdering George Floyd, he will qualify to receive what could amount to around $50,000 a year in state pension payments."

On principle I don’t have a problem with that, it’s theoretically his money. I don’t know how his pension works, but I assume it’s like all other pensions I’m familiar with.
For my teacher pension it isn’t just money the state gives me when I retire for a job well done. They take about 10% of every paycheck and invest it, and when I meet certain criteria (age and years on the job) I can begin to collect. But it’s my money I put in.
As far as I know they don’t seize assets just because you get convicted of a violent crime, unless your crime is money related like being a drug lord or bank robberies. So I don’t see the connection between being found guilty as a cop and not allowing you to collect on your investments. Seizing your pension would be like seizing your stock portfolio or 401k.

Now what I don’t agree with is that pensions are off limits to civil lawsuits like with OJ. You should be able to garnish pensions to collect monies you were awarded in a civil lawsuit.

mace1229 said:

pjl44 said:

mace1229 said:

brianlux said:

randynester said:

rgambs said:

tempo_n_groove said:

rgambs said:

After something I saw on FB this morning, I feel compelled to remind the boards that a Chicago police officer who posted here for a while before he was banned used to call having a family member killed by police "winning the ghetto lottery".

I don't remember that.  Really?

So if you get killed then the family sues?  I don't understand.

Yeah the lawsuits often end in settlements, so that's "winning the ghetto lottery".

Certainly worked for George Floyd...$14,487,400 and still counting. You know, for "funeral expenses" even though his funeral was paid for by celebrities.

Oh really now?  And where did you read that?  Nice try.

And what about his killer who could receive $50K a year even if found guilty of murder?

https://www.nytimes.com/2020/06/13/us/chauvin-pension-conviction-floyd.html

"Even if the former Minneapolis police officer Derek Chauvin is found guilty of murdering George Floyd, he will qualify to receive what could amount to around $50,000 a year in state pension payments."

On principle I don’t have a problem with that, it’s theoretically his money. I don’t know how his pension works, but I assume it’s like all other pensions I’m familiar with.
For my teacher pension it isn’t just money the state gives me when I retire for a job well done. They take about 10% of every paycheck and invest it, and when I meet certain criteria (age and years on the job) I can begin to collect. But it’s my money I put in.
As far as I know they don’t seize assets just because you get convicted of a violent crime, unless your crime is money related like being a drug lord or bank robberies. So I don’t see the connection between being found guilty as a cop and not allowing you to collect on your investments. Seizing your pension would be like seizing your stock portfolio or 401k.

Now what I don’t agree with is that pensions are off limits to civil lawsuits like with OJ. You should be able to garnish pensions to collect monies you were awarded in a civil lawsuit.

That's interesting. The portion that's your contribution sounds like a traditional 401k. Is that considered part of your "pension?" I've always associated a pension with being employer-funded. That's how my dad's worked.

We don’t have a 401k, they just take about 10% of our paycheck and put it into PERS (public employee retirement system). They draw form that to pay out pensions. Mine is employee funded. And since baby boomers are living forever they have to increase the percent and take out more and more every year. Maybe it’s different there. But either way it doesn’t really matter, it’s money they would have paid the employee as part of the salary compensation. It really makes no difference if they pay me 10% less but contribute directly towards the retirement system.

what dreams said:

pjl44 said:

mace1229 said:

pjl44 said:

mace1229 said:

brianlux said:

randynester said:

rgambs said:

tempo_n_groove said:

rgambs said:

After something I saw on FB this morning, I feel compelled to remind the boards that a Chicago police officer who posted here for a while before he was banned used to call having a family member killed by police "winning the ghetto lottery".

I don't remember that.  Really?

So if you get killed then the family sues?  I don't understand.

Yeah the lawsuits often end in settlements, so that's "winning the ghetto lottery".

Certainly worked for George Floyd...$14,487,400 and still counting. You know, for "funeral expenses" even though his funeral was paid for by celebrities.

Oh really now?  And where did you read that?  Nice try.

And what about his killer who could receive $50K a year even if found guilty of murder?

https://www.nytimes.com/2020/06/13/us/chauvin-pension-conviction-floyd.html

"Even if the former Minneapolis police officer Derek Chauvin is found guilty of murdering George Floyd, he will qualify to receive what could amount to around $50,000 a year in state pension payments."

On principle I don’t have a problem with that, it’s theoretically his money. I don’t know how his pension works, but I assume it’s like all other pensions I’m familiar with.
For my teacher pension it isn’t just money the state gives me when I retire for a job well done. They take about 10% of every paycheck and invest it, and when I meet certain criteria (age and years on the job) I can begin to collect. But it’s my money I put in.
As far as I know they don’t seize assets just because you get convicted of a violent crime, unless your crime is money related like being a drug lord or bank robberies. So I don’t see the connection between being found guilty as a cop and not allowing you to collect on your investments. Seizing your pension would be like seizing your stock portfolio or 401k.

Now what I don’t agree with is that pensions are off limits to civil lawsuits like with OJ. You should be able to garnish pensions to collect monies you were awarded in a civil lawsuit.

That's interesting. The portion that's your contribution sounds like a traditional 401k. Is that considered part of your "pension?" I've always associated a pension with being employer-funded. That's how my dad's worked.

We don’t have a 401k, they just take about 10% of our paycheck and put it into PERS (public employee retirement system). They draw form that to pay out pensions. Mine is employee funded. And since baby boomers are living forever they have to increase the percent and take out more and more every year. Maybe it’s different there. But either way it doesn’t really matter, it’s money they would have paid the employee as part of the salary compensation. It really makes no difference if they pay me 10% less but contribute directly towards the retirement system.

Huh. I didn't realize a lot of that. I don't want to take things down a pension detour, but I'm fascinated by the shifts that are happening and wonder if people are reading the handwriting on the wall. I have a couple friends in the public sector with pensions and I'll have to ask them about this. The employee-funded portion is honestly new to me.

I've been teaching for 26 years. I have been paying a percentage of my pension for 26 years. That fact is not a shift -- the only thing that has shifted is the burden. Since the 2008 crash, the burden has shifted toward teachers paying more. It used to be that I paid 1% and the district paid 4%. Now it's the complete opposite. I think my state matches another 5%, but I'd have to double check on that. I remember my retirement planner telling me that my pension is guaranteed a 5% annual growth, whatever that means. But yes, there are a lot of myths out there about teacher pay and benefits that have persisted for decades, as the right wing has succeeded in casting government employees as leeches on society.

Baltimore Police sergeant arrested, accused of kidnapping contractor and extorted him for a refund while on duty, county police say

Most State Police troopers implicated in overtime fraud scandal will keep their jobs

mace1229 said:

pjl44 said:

Also, question for both of you: Is that a lump sum of money or will you be guaranteed a percentage of your salary as annual income for life?

Percent of your salary for life. It was a percent of your 3 highest paid years averaged, now I think it’s average of 5 highest. And it was like 3% per year, now I think it’s 2.4.
so if you teach 30 years you get 72% of your last 5 years averaged.
its a gamble, if you live until you’re 90 years old then you did well. If you get cancer and die at 65, your family missed out on an inheritance.

And I believe that percent is locked in. Those who were hired 15 years ago are getting that 3% per year. Those hired more recently are only getting 2.4% per year, even though they will have put in far more over the course of their career. It’s pretty jacked.

pjl44 said:

In between lamenting George Washington and censoring Golden Girls episodes, I'm hoping we might be able to see some police reform