52 Year Old Stockton, CA Police Chief Retired With a $204k Pension After Eight Months

C

Crynos

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Dec 12, 2006
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Made me laugh (in sadness) too much not to share. Stockton, CA just recently declared bankruptcy. Now we know why--their most recent police chief retired after eight months on the job (of a four year contract) and gets a $204k pension (not a typo). He's only 52 year old:

Police Chief

Three of their last four chiefs retired after less than 3 years and got 92% of their final salary as pension.

Of course, there's obviously no causal relationship with public sector contracts and cities declaring bankruptcy, right?
 


And that's just a measly police chief. Think military generals, high-end CIA officers, senators... whew!
 
The fuck do they care, it's not their money.
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Governments don't exist in a market economy where they have to be cost-efficent to survive. They literally just take other people's money at gunpoint and then do stupid shit with it because who the fuck cares.

It's not like there's an alternative government that's going to steal their 'customers' away (at least not literally, or in the short-term, if at all). They don't have any consenting customers, or at least it doesn't matter if they do.

It's all a fucking scam. My own father collects ~400K/yr and doesn't do shit but he doesn't do shit with a whole bunch of other people who don't do shit so, so it goes.
 
Cam, didn't you switch governments for a while by leaving America? And if you paid taxes wherever you went, you've essentially become a customer of the other government.
 
mattseh said:
Cam, didn't you switch governments for a while by leaving America? And if you paid taxes wherever you went, you've essentially become a customer of the other government.
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everyone has the same issue with their system

what to do? surely trying to discredit people pointing out when something is wrong is not the solution though
 
Cam, didn't you switch governments for a while by leaving America? And if you paid taxes wherever you went, you've essentially become a customer of the other government.
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No. I still pay taxes to the US and now receive less (nothing?) for doing so.

I agree with you in part, hence my "(at least not literally, or in the short-term, if at all)"
 
That sort of hilarity is happening all over the world, even in Canada though not so bad as US and Europe.

1. Private/government entitly can't make pension payments to the fund.
2. Union takes them to court and WINS. The entity has to make pension payments.
3. So the entitly goes bankrupt.
4. Sometimes the union takes the bankrupt entity to court to forced them to make the necessary top up payments and WINS again.
5. Guess what happens. All the shit goes into legal limbo where the only people who bank are the lawyers. Everybody gets fucked in the end, nobody gets their pensions but the union exec feels good about fighting the righteous fight.

Confession: I was an union organizer waaaay back in the mid-nineties. Sorry about that. Let me tell you, people who run unions live in an alternate universe.

Enough said.
 
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