- NEWS
- SPORTS
- BUSINESS
- ENTERTAINMENT
- LIFE
- TRAVEL
- OPINION
$100,000-plus pension club in Mesa Consolidiated, Mission Viejo, Moulton Niguel
November 20th, 2009, 5:00 am · 152 Comments · posted by Teri Sforza, Register staff writer
So we continue our trek through the CalPERS database of public retirees today with three more OC agencies - which have five retirees who get pensions greater than $100,000 a year.
These three are interesting exceptions to the emerging rules. In general, the most well-paid retirees have been public safety types - police and fire chiefs - and they have been men.
But two of today’s agencies are water districts - so no expensive benefits for public safety employees; and the other is a city that contracts with the Sheriff’s Department for police services, thus keeping high public safety pension expenses off its own books.
And two of the three most well-paid retirees at these agencies are women. The agencies are:
- Mesa Consolidated Water District in Costa Mesa, which has two (the top dog being Diana Leach, former general manager, $145,393.56),
- Mission Viejo, which has one (former planning diretor Clinton Sherrod, $107,241.12)
- and the Moulton Niguel Water District, which as two (the top dog being former administrator Carol Sanders, $130,674.36).
This brings total membership in the local CalPERS $100,000-plus pension club to a round 200, from 15 different public agencies. We still have a dozen to go. See full lists, links to previous stories and standard disclaimer below.
Entities surveyed thus far:
- Anaheim, 59
- Brea, 13
- Buena Park, 11
- Costa Mesa, 27
- Fountain Valley, 11
- CSU Fullerton, 1
- Garden Grove, 14
- Huntington Beach, 35
- Irvine, 16
- La Habra, 4
- Laguna Beach, 2
- Los Alamitos, 2
And so here now, without further ado:
- MESA CONSOLIDATED WATER DISTRICT
- DIANA LEACH $145,393.56
- KENTON KEMP $120,796.68
- MISSION VIEJO
- CLINTON SHERROD $107,241.12
- MOULTON NIGUEL WATER DISTRICT
- CAROL SANDERS $130,674.36
- DAVID HAWLEY $122,293.20
For the record, Mesa Consolidated provides water to Costa Mesa, Newport Beach and John Wayne Airport. Moulton Niguel provides water to Aliso Viejo, Laguna Hills, Lagune Niguel, Mission Viejo and Dana Point.
And here are our regular disclaimers:
- We know that the number of public retirees in the $100,000-plus club — 6,133— is just a tiny fraction of those in CalPERS.
- We know that the average CalPERS pensioner collects just $15,948 a year.
- We know that many public employees pay into their retirement funds — but that many cities and special districts pay the employee contribution, as well as the employer contribution.
- But we also know that some public agencies still want to increase retirement benefits — and thus, the number of people in the $100,000-plus club — at the very time that CalPERS’ investments are tanking, and when CalPERS’ own eggheads say that the system is unsustainable.
- Who will be on the hook to pay those generous pensions if the money’s not there? The taxpayers.
- Once those generous pension benefits are granted, undoing them is virtually impossible — as Orange County’s $2 million legal battle to do just that illustrates.
More on pensions:
More Watchdog:
Reader Comments
Comments are encouraged, but you must follow our User Agreement.- Keep it civil and stay on topic.
- No profanity, vulgarity, racial slurs or personal attacks.
- People who harass others or joke about tragedies will be blocked.
152 Comments
Leave a Reply
You can follow this blog: on 
The greed of public employee’s is beyond belief.
They all live in an insulated world outside of the effects of real life and this has made them stupid.
Unemployment is 20% and growing, California has between 5 and 8 million illegal aliens that are taking normal jobs under the table that citizens have always done while they collect food stamps, schooling and every welfare freebee that crooked government bureaucrats can sign them up for.
Along with the gross pay, pensions and benefits the the public employee’s are recieving, all of which are unsustainable, these same employee’s are responsible for giving the store away to illegal aliens.
If they were not living in government fatasyland they would have realized years ago that they were running our once great state into the ground, but greed has blinded the whole lot of them.
public employees give the store to aliens??????? whoa you are a whack job!
unemployment at 20%??????? is there any air in your world? Keep making it up it’s fun!
The U-6 unemployment # in California is on the cusp of 20%. That’s a FACT, Jack. Whether you know it or not.
U-6 was the same figure used during the great depression of the 1930’s. At that time it was 25%. So we are only 5 percentage points short. And that’s in a population that has more than doubled.
Now who’s the whack job?
you are a joke amigo…
oc observer just misinterprates or makes it all up— what a clown.
craig says:
unemployment at 20%??????? is there any air in your world? Keep making it up it’s fun!
===========================
Sorry, you are nuts if you do think the UE rate is below 20%.
The “official” UE rate in CA is 12.5%, but they do NOT count anyone who has been out fo work more than 6 months-or those who are working part time but want FT work.
The UE rate is at LEAST double the “official rate of 12.5%.
Donkey-you’re on the money. The trough feeders live in a fantasyland of employment, not subject to the free market.
As the saying goes ‘you reap what you sow’. These incompetent morons(not all) have trashed this state. And they STILL are. As soon as they ‘borrowed’ state income tax they hire more people in UED and welfare. Gawd forbid they actually have to be more productive like the rest of the world. Education cuts and UC raises their tuition fees. My gawd who in their right mind lives like this in their personal lives. Spend spend spend when you don’t have it. What is it going to take? civil unrest.
Be patient, donk.
There is an old chinese proverb “Let the stupid bird fly first”. hah.
You see, all the taxpayers and income producing companies are fleeing the state.
Young hose pullers like ntheoc will have to depend upon the illegal foreigners and transplated indigent peasants to fund his fat pension. How’s that going to work out???
people who play by the rules are fed up and leaving in droves.
look at the state tax revenues.
why do you think arnold has to STEAL 10% MORE from the citizen’s paycheck every 2 weeks??? hah!
and running at $20 BILLION plus deficit, do you think those fine citizens will get their overpaid taxes REFUNDED in April of 2010 or receive a single-ply IOU impractical to even use as toilet tissue??? HAH!
zzzzzzzzz zzzzzzzzzz zzzzzzzzzzzah this is an unethical dull series—- after you read the ocr’s disclaimers you come to the conclusion that none of this is news—- but—- oath keepers, obama haters, malitias, gun nuts etc etc etc—– carry on register! It’s like the deep south here in oc…
Once again, I noticed you did not counter any of my claims. All you’re good for is more personal attacks in an effort to silence the messenger. Well, I’m going to continue to ram the FACTS down your throat whether you like it or not.
Enjoy your day, darth vadar!
Darth Vader? I knew they’d bring space aliens into this at some point
Yessup, you are the darth vader of hope for the taxpayers
he is not taking his meds…..
hah. Under “• MESA CONSOLIDATED WATER DISTRICT” Donna LEACH rakes in $145, 393.56 hah.
Take your place at the feeding trough, folks. Gorge yourselves at will. Oh yes, we already know. You so deserve it. hah. You earned it. hah. Yeah, we know.
You are a broken record pal. Thanks for funding my retirement.
OC Observer, donkey and jonnyblazesurpippy balh blah blah zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Now playing the part of Ocobserver’s dumb side-kick… Donkey! Not that OC’s all that smart mind you. These guys are wackjob conspiracy theorists hoping for a general downfall of society. Enjoy their show!
Why is it always the same people who whine and gripe about government pensions? Between Ocobserver, Donkey, JR and Johnny Vegas Blaze we have about 0.00001% of the population and about 99% of the whining about government programs, employees, benefits, etc.
I’m going out to play a little golf now and spend some of my pension money. Hope the rest of you have a fine day!
wrong, kimosabe.
2 years ago 75% of the OC voters approved Measure J.
that means any future pension increase for the public safety trough feeders must come to ballot.
most everybody is onto the scam.
and the pendulum has turned and is swinging back to the right.
we’re onto ya. we see the shakedowns and the swindle. just give it a little time. the trough is being cleaned out.
Ta da!!! I love when these guys appear on cue!
I like it when they appear too– i just wish they could EVER counter ANY of what we say— they are sleepy—– like this–
CALPERS has rebounded 42% since the high losses of 08—— come on ….
CalPERS is still only 65%, doofus. Your own actuary says it’s unsustainable. His words. Not mine! hah.
game, set, match………
65% true– but comming back like it has time and again– watch and see rookie!
You’re a broken record ocobserver. Thanks for funding my retirement.
what? says:
November 20, 2009 at 12:18 pmI like it when they appear too– i just wish they could EVER counter ANY of what we say— they are sleepy—– like this–
CALPERS has rebounded 42% since the high losses of 08—— come on ….
==========================
The gov GED mind at work again!
Calpers funding is at $200 billion, but their FULLY FUNDED level is about $310 billion, so you’re short about $120 billion Einstein, I know it is hard to do the math with limited brain power, but try to figure that out.
I see all the bitter, out of work malcontents are already furiously pounding away on the keyboard this morning….you guys should spend more time reading the classified sections of this newspaper.
It is definitely time to level the playing field. All plans for workers who receive pensions (or are in a plan where they will someday receive pensions) should be revisited. The money contributed to these pensions should be re-calculated as though it were in a IRA during the duration of their employment (this would include the recent economic downfall). That money should be allocated to the employee following retirement. This would eliminate the need for hard working, non-government employee taxpayers to not only fund their own retirement, but those who have worked for the government.
The government workers would still receive a larger sum of money for retirement than their hard working non-government counterparts, but would not receive the never ending sum of money that drops from the sky (the sky being the tax payers). This would definitely make retirement more realistic and equal for all hard working citizens.
Keep in mind that I am not saying that government workers do not work hard, but non-government employment does not include the benefits, stability, and structure allotted to government workers. Non-government workers also have the added concern of reinventing their skill sets on an annual basis, else they will not retain their employment. Non-government workers deserve more respect as they fund the system so that government workers can work under these wonderful circumstances.
cc; from the other pension thread
————————————————————————-
JR, thank you for pointing out so vividly this whole argument, both sides and the middle of the road, comes down to nothing more than different opinions about “worth”. You talk about entitlement? I don’t feel entitled to any thing. The rules were laid out by negotiation, and I was true to the bargain, and I am grateful. You think otherwise, fine. “Arrogant”? “Egotistical”? “Abusive” attitudes? Invest some time in reading what people post. The abusive language, name-calling, allegations, threats and other colorful comments come, overwhelmingly from those 6-7 posters I’ve mentioned before. Don’t like the system, change it. If the rules change I’ll play by them, always have. In the meantime, all you outraged people sitting at your computers all day, railing about other people’s pensions, watch you 6 o’clock, somebody may be after something else you should be paying attention to. You’re spending so much time worrying about 2.5% of the state/local budget, meanwhile “they” are syphoning the 97.5% out of you pockets. You know what’s so entertaining here? I am personally involved in the issue, and I allot myself no more than 20 minutes a day to read and/or comment on these blogs. Some of you spend up to 18 HOURS a day (Obs?) on this and similar issues. Wow, that’s dedication.Question: on election day do you tear yourself away and go to the polling place, or do you vote by mail? Or vote at all?
————————————————————————–
Yessup says:
Ignore the deranged conspiracy theorists everyone. They have no power at all
———————————————————————–
See oldski, this what I am talking about.
They think breaking this state is funny while they live merrily ever after. Unfortunately, I do more than vote; I have been active in political causes and KNOW how it really operates. Yessup is correct, it’s all about money, favors and power. And just look how some gloat about it and take great pleasure in it. From the sounds of it, you probably have EARNED your compensation. The problem is alot don’t. I have friends and family who have either work/worked in govt and they will be the first to tell you so. And one who milked the system. Once that probationary period is over, they turn into greedy monsters because they know you can’t get rid of them. It needs to stop and government needs to be held accountable and efficient. The problem is none of them want to see ANY portion of government held accountable because it will be a slip of POWER for them. One of my pet peeves is tenure for teachers. It doesn’t matter how much money we toss to the vulchers, they want more. There are some excellent teachers out there who deserve to be compensated for their efforts. But you also have ones who should have been let go a very long time ago. Same goes in all departments. I’m glad to know at least one on here doesn’t seem to be high on power. This is not a bash towards FF or PD, but answer this: You have seen numerous people bash engineers and what a cake walk it is. If that’s the case, why are there so many people applying for FF and PD jobs while the sciences are dropping at record rates in this country?
yes, JR. we know the game.
The bottom line to all of this is really very simple: NO ONE IN GOBBLEMENT IS HELD FINANCIALLY ACCOUNTABLE BECAUSE THEY ARE PLAYING WITH OTHER PEOPLE’S MONEY.
In gobblement if you run out of money YOU JUST ASK FOR MORE!
Well, the well is beginning to run dry. This is plainly obvious. Look at the State and Federal deficits.
And as the well runs dry you will see continued thieving like you do now because the thiefs understand that soon there won’t be any left.
So you grab with gusto while there’s still marbles left in the bag.
The mathematic reality is obvious to anyone with a functional brain.
It is simply unsustainable. When will it implode. Very hard to forecast. But if I were a betting man I would lay my money on less than 5 years for sure. A high probability of less than 3.
what is gobblement. Is that a word? Idiot.
I’m just impressed you know how to cut and paste… conspiracy theorist!!!
Yay me! I’m correct yet again!
When it all implodes you won’t have to even invest in an empty bag, Yousuck.
We’ll give you one of those, compliments of the house.
Clean all that artificial orange off your face “Cheetos Boy.”
I’ve never understood the whole attempted “Cheetos Boy” put-down. It must be an OC thing? Totally lost on me. Donkey… really? That’s all? And then Ocobserver is absolutely fixated with “hose pulling”… that’s curious as well..
I just wanted to say hi.
Pensions are dinosaurs thay have all but disapeared from the private sector. Why does the gov still have them? I guess it will take a few bankruptcys here and there to settle this all out. Start saving your money pensioners, the well is gonna run dry.
Oh Mike.
You must be late to the party.
The gobblement workers are the elite. That’s why they get on average higher salaries (for the same skillset), big fat defined pensions, better benefits and bullet-proof job security. Your job is to keep them fat ‘n happy while they don’t contribute a thin dime to the nation’s GDP.
And during tough times Obama provides more tax money to hire gobblement workers while private sector workers get axed left and right!
But you remain calm while the pilots of this aircraft fly you right into the side of a mountain, Mike.
Just stay bucked up, keep your mouth shut and say a prayer. Obama is here to give you more hope than you could believe in!
‘bullet-proof job security’ gawd you’re a riot! ROFLMAO
I’ll be using that one f-o-r-e-v-e-r.
Wow, is ocobserver cross-posting with two accounts now? That’s one way to drum up support I suppose.
Over the course of this debate I’ve noticed one constant and that’s placing the blame on the employee and not the boards and commissions that approved thesee salaries and benefits. What I do know is complainers like Donkey and Observer voted for these people just like all the other complainers. You’ve had your chances over the years to address these issues with the officials you elected but you failed to do anything about it. Now that you have an anonymous forum to complain day after day you continue to do so. When’s the last time any of you went to a board of supervisors meeting? Why don’t you go out and campaign and seek election to an office where you might actually make a difference. During negotiations the employees are going to ask for everything they can get, it’s normal just like in the private sector, then there’s the counter offer and so on and so on. They didn’t have to say yes to all the pay and benefits they now have but they did. Maybe you elected the wrong people. Maybe you should have done your homework and asked the right questions during the elections and then pick the candidate that fits your agenda no matter how twisted that is. Its so easy to pick at the employees but they merely asked and then recieved what they asked for. These elected officials are the ones that should have been held accountable. One last thing, I find it oddly curious that no one ever includes the OC Fire in their complaints even though they make substantially more than other public employees including the Sheriff’s Deputies. But I guess law enforcement is an easy target for those who’ve recieved a ticket they “didn’t deseve” right?
Hmmm why don’t they go to a supervisor’s or county council meeting? Jeff… these fellers ain’t exactly the kind of folks who are gonna inspire confidence in their opinions at a public meeting. That’s why they troll around in anonymous blogs where they can make outlandish claims, use errant, unsubstantiated numbers, bash public servants as “thieves and criminals”, and not have to answer directly to any of it. You think these guys would get any respect out in the light of day? Not a chance. They wander around here in the shadow worlds of blogs because they feel safe to spew their hatred and conspiracy theories.
One last thing, I find it oddly curious that no one ever includes the OC Fire in their complaints even though they make substantially more than other public employees including the Sheriff’s Deputies. But I guess law enforcement is an easy target for those who’ve recieved a ticket they “didn’t deseve” right?
———————————————————————–
Welcome Mike. You HAVE to be new, there’s plenty of FF complaints. LOL
Jeff if you had been following this topic over the years you would know that these people whom you speak of have been writing about the cleaver and convoluted scam that the public employee unions have been running on the private taxpayers for years.
We all have pointed out in some fashion how the government unions have used the taxpayers dollars to install their own hand-picked politicians to do facillitate their crooked scheme of raping the taxpayers.
California Public employee’s were not unionized until 1975. It has taken them only 30 years. It took them 15 years to get control of the state and a little longer to control the cities and counties.
If not for the passage of Prop.13 they would be throwing citizens from their homes to feed their greed.
Don’t believe for a minute that citizens have not been aware of what the unions have been doing. The difference now is that the internet allows one a voice that they can’t get at a public meeting that is filled with union members waiting to respond to every opposing POV.
Where is the OCR moderator, when ocobs and donkey start their cyber bullying and personal attacks?
The don’t ‘moderate’ the Freedomblogging site ~ you have to email Dennis Foley or the writer of the article……
Thank you for the info.
ocsays, you might look at some of the folks on your side of the table who are hurling insults and personal attacks.
see what they do, donkey???
when they can’t handle the TRUTH they call it “cyber-bullying”!
hillarious!
but they’re allowed to bully as much cyber as they want!!! HAH!
You don’t even know what’s on my side of the table, and nothing was said about what the truth is or isn’t. For your info, “cyber bullying” is OCR’s term used to report abuse of their user agreement. The one that you agreed to when you signed up to make comments.
You are a broken record. Why don’t you go get a job instead of whining all day.
Ocsays, the truth hurts huh. If anyone is bullying it is the Cops and FF’s.
Criminy ~ my pension is $167 per month. Guess I worked in the wrong field!
These gov employees bargained for these conditions and we elected the people who signed off on it– case closed— and by the way isn’t that just ethical? I think so— Now…we can certainly change the future but the past is past and contracts are a US Constrritutional right– that’s just our system. Here is what’s going to happen clowns-
1. Things will get tighter
2. The gov will have to pay more
3. The employee will have to pay more
4. a new tier will be added– that will save $$
5. The markets and investments always come back (calpers is back 43% already)
6. This will all roll on and the employees will be paid.
7. In the future after the mouse has moved through the snake, maybe there will be other retirement options for public service.
This will all wotk out because we the people obligated ourselves to the rule of law and contracts are law– end of story.
There will always be trolls and clowns…God bless em it’s what they do– and I for one love reading thier drivel— like slowing down to see a bad accident…sorry I do it.
This is a brand new day, what. Your rule of law has been tossed out the window. Look at immigration enforcement if you don’t believe me. Look at the Wall Street crook who have committed MASSIVE financial criminal fraud without even ONE of them being held accountable. So you’re rule of law has lost it’s meaning. Today contract are made to be broken. Don’t believe me??? Look at Vallejo, CA. Google is your friend. hah. You are living in a fantasy world. You must be one of those clowns who believed everything you were taught in school. Grow up.
Big smile! Read Ocobserver’s statement? He wants to throw out the rule of law in our nation. THAT says it all.
You must be one of those clowns who believed everything you were taught in school. Grow up.
Looks like you just proved Ocob’s point, Yessup. lol
JR…. um… huh? Could you guys please just attempt to make a cohesive statement? Dear God, sometimes it’s like debating with mushrooms.
I mean I try to use you for a little entertainment… but it’s no fun if you can’t keep up.
OK DOES THIS HELP…
YOU ARE VERY NAIVE!
LOL
JR… precisely why am I naive?
He wants to throw out the rule of law in our nation. THAT says it all.
—————————————————————————
You are living in a fantasyland, there is no such thing as’ rule of law in our nation, kid.’ Enjoy those idealist years while they’re still left.
Ok, I’ve been told there’s no moderator on this post, so here goes. Ocobs, you are ignorant of the law. Immigration, criminal fraud, and employee contracts are all different aspects of law. If you had paid attention in school, you would be familiar with the many different codes of law such as Federal Immigration statutes, State Penal codes, State civil codes, etc. Blowhards like you only remember the Constitution, but you only like to say it, you rarely know what it really is. You are truly living in a fantasy world to think that violations of all of the numerous codes of laws could enforced. If they were, you’d be complaining about the amount of public employees needed for the task. We don’t need to tell you to grow up, because your are truly a dinosaur. We could put you out to pasture, but that would be a violation of the Employee Equal Opportunity act. Another set of laws you probably didn’t know existed. You should, it protects you from abuse as an elderly person. I’m sorry I called you a dinosaur, please don’t report me to the EEO police!
I’m hoping to remain idealistic for the rest of my life… thanks
The issue that I see with public pensions is that there is no failsafe. First by law once a pension benefit has been given it cannot be taken away. The only way that it can be takend away is for the company to declare bankruptcy and then dump the pension off on the PBGC. Then usually becaue there isn’t enough money to fund the full benefits the PBGC can then reduce the benefits. This has happened to multiple private companies that setup expensive pension plan’s only to discover 20+ years down the road they cannot sustain it. This acts a failsafe and can force the Union to the negotiating table when negotiating pension benefit changes.
However in the public sector they cannot just declare Bankruptcy and pass the pension plan assets over to the PBGC where they can be reduced. Basically no matter what is agreed to the tax payers are on the hook to make up the difference. I am happy that Measure J passed so hopefully this will slow down the guarantee of fat pensions for life. However I fear that a lot of damage has already been done.
Greg– well said but I would add this— when the taxpayer via his elected rep signed off on this— it is well presumed (by law!) that they knew the consequences and that they may have to pay more—- it was a bargain— you live up to those— and luckily if you don’t want to — our laws makes it so—- things will come back they always do—-
Promises are broken all the time. When the well runs dry you can’t “wish” the water to return. The unemployment in CA goes higher and higher. 12.5% now. And that’s the U-3 number. The REAL U/E rate is about 20% in California. Tax revenues will continue to fall. Last February the slimedog legislators thought they solved the problem by implementing the biggest tax increase is AMERICAN history. hah. Now we find out that they’re right back where they started. The citizens simply won’t accept higher taxes in 2010. Won’t happen. They’re coming after YOUR PENSION now, what. Whether you want to acknowledge it or not. You’re next. States can’t go bankrupt but they can sure “reorganize” and void out all previous contracts if there’s no more water in the well. You are very naive, sir. VALLEJO, CA. Google is your friend.
You leave in a fantasy world troll— and the u6 numbers reflect people thet NEVER intend to get a job (probably like yourself dear sir) no one uses them in this context— well….except trolls— oooooooooooouch owned again oooooouch that must hurt—– ohhhhh my— case closed—–fine——the end—– oh dear another troll road kill—- type away!! weeeeeeeeeeeeeeeeeeeeeeeee
We’ve found another one with a 2hp brain pushing a 10 ton mouth!
U-6 are those who lost their jobs and are unable to find another, those who normally made $40hr who had to settle for a new job at $10hr, or those who simply became so frustrated that the gave up searching for work alltogether. Obviously, you have no idea of what you speak. But we figured that out several posts ago.
I noticed that you didn’t counter any of my other FACTS. Which tells me that you’ve been owned. The most intelligent part of your referenced post was “weeeeeeeeeeeeeeeeeeeeeee”.
Now go out and play with the other village idiots.
Ocobserver, this is the typical tactic these same clowns use at county and city meetings. Try and discredit and drown out any opposition.
As long as the truth is out there the people will know.
These clowns are so deep in the well they have lost sight of reality. The only world they know is the world of government, everything is free.
Maybe when hell freezes over you clown. Federal contract law trumps your attmept to void pension contracts. Taxes will be raised first.
The politicians that funded your pay,pensions and benefits were elected by an evil union cabal that used taxpayer dollars funneled through government union contracts that were negotiated on a “quid pro quo” basis.
It was a complete scam to enrich people with connections to government. Most private citizens were trusting and too busy making a living to supervise these crooks.
Having said that, it is still a crooked and dishonest scheme the unions and politicians have perpetrated on the taxpayers of California.
Donk… do you have a machine gun stashed in your attic? I’m betting you do
donkey— you are the best troll EVER!!! weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
What?
Don’t worry Donkey. I have it on good authority that Frodo and Sam have nearly made their way to the Dark Lord’s lair and will be throwing the One Ring into the fire soon.
Once that’s done, all these evil union orcs will disappear and you’ll be saved.
Hunkered down… tin can propped in the door to make noise when the jack-booted government storm troopers bust down the front door after being dropped off by the ultra-silent black helicopters…
yes and the Tri-Lateral Commission!
those darn masons!!!
I forgot about them yessup— them too……
Teri, keep the truth flowing, I appreciate everything you write about the abuse of the Californian taxpayer.
Yes Teri…. heck…. please keep these guys talking in these blogs…. all 5 of them!
well… make that 6 guys— I love jacking these trolls up—– lol thanks Teri it’s fun!
High Five!
The government workers propaganda is failing them! I love the internet and Teri too.
poor donkey—– keep typing—- do it now!
oh I believe you love the internet Donkey… I truly do
ocobservy— actually mr what is correct—- you Never use the U6 stats because the group contains bonifde non seekers of work– that is –some folks who do not intend to work for various reasons…. but it’s fun to read your little hissy fits….
but let me tell you a secret Donkey… Teri would feel much safer hanging around these firefighters than you…. dude… you are kinda creepy
Teri, thank you for posting the facts. Keep them coming, we need to know.
Now if only she’d print ALL the facts instead of selecting only those that support her “stories”. But that would entail journalistic integrity, so not much chance it’ll happen anytime soon.
Simply outrageous !!
What IS outrageous is that you would publish locations and names and salaries—- very unethical—– ocr has slid to a new low.
Why? All state, city and county funds transactions should be pellucid.
Steve, these are public servants, they work for us, the taxpayer. We pay their salaries, we have every right to know exactly what they are doing with our money! Stand up for yourself, this is a democracy and you have a a right and in fact, an obligation, to monitor these government agencies.
Actually, while salaries may be a public record, “what we do” with our salaries is not. And let say from the bottom of my heart that if you want a “servant”, go hire a maid. I am a public employee and I’m not your servant or anyone else’s.
Yes, the pensions, pay and benefits for government workers has become the impetus for taxpayer anger and the actual cause of the financial melt-down taking place in California.
Instead of speaking truth to the obvious and trying to correct the impending collapse the charlatans from the government union propaganda machine send forth the likes of Ocsays to try and censor the opposing voices to the greed of the unions and common sense ideas.
The government unions sends forth the likes y-up, ntheoc, what, craig and skipp to attack intelligent citizens speaking the truth and assult citizens with their childish fifth grader taunts.
These unions can either try and help correct the problem they created or they can continue in the manner that has brought us to this point and have it all collapse.
Childish attacks on intelligent discourse is not the solution to the obscene pensions, cuts and renegotiating is the solution.
The five pillars preventing the union workers from stopping the collapse is: honsety, integrity, ignorance, greed and an extremely large dose arrrogance.
ah yes… the government unions waste their resources to place people on blogs that nobody reads to argue down fringe lunatics no one listens to. There’s some fine conspiracy theorist reasoning. The union sure isn’t gonna waste it’s time with you Donkey… Not sure why any of us should.
I look at these gobblement employees like little children in denial. Like little children somehow they developed the false notion that the world revolves around them. Like if they weren’t here the world would stop spinning on it’s access. hah. It would actually be comical but part of their fantasy is that based on this ‘false notion’ they have concluded that they deserve higher salaries, better benefits, outrageous pensions at a young age and bullet-proof job security. Just as with children, now is the time to feed them a harsh dose of reality. Sometimes childhood fantasies wear off on their own and you can just laugh and play along until nature takes its course. But with the gobblement employees we have a very serious situation as the ‘fantasy’ has evolved into a form of ‘psychosis’ and requires immediate treatment. We are on the cusp of an economic depression with the REAL unemployment rate at 20% in California. Gobblement employees don’t even make up .05% of that number. Despite this, the gobblement employees believe that even in this economic environment that they deserve pay raises and pension hikes. hah. If that isn’t ‘psychosis’, what is??? Time for some heavy, heavy medicine. Time for a taxpayer intervention. It’s coming. Read the news. Inching closer and closer. Can you say “Measure J”? Can you say “Vallejo, CA”? Can you say “rescinding retroactive pension benefits”? Hold on gobblement employees everywhere. It’s going to be a mighty bumpy ride!!
If you are going to rescind retroactive bension benefits, you will need to amend both the state and federal constitutions. It will cost you a few million to run a signature drive in the state then several million more until it is run through the appeals to the Supreme Court. You better get busy.
seesaw,
WRONG.
We just need the high court to overturn it which will happen as the State goes broke.
It will be done for pure economic reasons in attempt to save the state.
Watch and learn, bucko.
lololol og gawd oc observer perry mason what a joke you are sooo wrong blog on!
Did the other kids beat you up in school and take your lunch money ocobsever?
As luck would have it, none of these will impact me. Neither CalPERS nor LACEARA have enacted any retroactive pension benefits and Measure J doesn’t impact me as I work for LA County. And while I fully expect LA County to impose some employee layoffs, I won’t be one of them. There won’t be any pay raises or pension hikes anytime soon, but I wasn’t expecting any nor do I need them; a raise would just hurt me at tax time, especially if Idecide to sell my Apple stock.
Sorry, I guess you’ll have to work a little harder if you’re going to scare me.
typo previous post - “access” = “axis”
Well well well. Chicken little, I mean ocobs, is still at it. READY TO COVER YOUR SHORT POSITIONS? Stop avoiding me ocobs, you made a deal back in the spring when you said the sky was falling, remember?
Tell us how much you will lose. Meanwhile, the PERS fund increased from 160 billion to 202 billion. BUT WAIT! You PROMISED us it was going to tank, remember? What happened?
Cover your short positions and tell us what you lost genius .
thunder alot of us know his short position is of course more of his bs—– blog on…
Our taxes will not be affected by pensions. They are already budgeted for, including for increases. Those who understand how government works know this. Local governments are not asking for bedget increases because they knew this was coming - just like in 1991.
PERS was superfunded by 2000 and governments paid ZERO into the fund at that time. Think long term, dont react to every market swing.
You need to talk to the PERS actuary. He actually oversees the PERS fund and publicly stated it’s unsustainable.
So who do we believe??? The PERS actuary or thundermaker???
hah.
You folks are really idiots. You truly are!!! Laughable!!!
If you go to the CalPERS site and read the section entitled ,”CalPERS Responds”, you will see CalPERS explain this actuary’s remarks and the smoothing plan that was enacted by CalPERS, with this actuary, so that CalPERS will be sustainable in the long term. You “doomsday proclaimers” refuse to look beyond the tips of your noses.
Seesaw.
You old fool. The subject should have been “CalPERS Spins Their Actuary’s Public Statement”
hah!
You people sure know how to LIE, don’t you??
SEESAW says:
If you go to the CalPERS site and read the section entitled ,”CalPERS Responds”,
====================
Well, if Calpers posted it on the internet it MUST BE TRUE!
OMG are you clowns a laugh
the actuary comments are of course out of context—- what about what you shorted fool?? Care to ever speak up??? LOL I love this stuff…
ocobs - did you have a change of heart? A few months ago you said we should not believe ANYTHING from PERS and that we should not trust thier data. I guess that only applies as it suits you, huh?
Come on chicken little, cover your short positions and tell us what you lost!
pers has recovered 43% of the 08 losses—- lol what about that? He can’t answer about his short of course…..lol and he thinks the US Supremes are going to overrule the contracts clause—-case closed
steve says:
pers has recovered 43% of the 08 losses
=======================
No they haven’t. They have recovered $40 billion (30%) of the $110 billion they lost-and they are STILL down over $100 billion from a 100% funding level.
You are either lying your fanny off or are clueless-im going with clueless.
You keep those long positions, spudnuts. I know you are from the ‘buy and hold’ school. hah! You bought back in 1998. Today it’s 2009 and you’re in the fricken hole!!! hah! Buy ‘n hold, spudnuts. GM is already asking for another bailout. You still long on GM, goofball?? hah! Home Depot is down at least 10% from where you bought it. Hold ‘n hope, doofus. You and Obama should sit down for a beer sometime. You have alot in common!!! HAH!
Spudnuts? Wow— what a classy guy. I knew if you were taunted long enough your ego would make you have to comment on your shorting the dow….what a joke you are…..lol owned again ocobs!!!!
Oh and I guess you have nothing to say about calpers 43% recovery? Could this be the start of something big? Or as I suspect are you rooting for Calpers to fail? What a great American you are…….
didn’t you say you lost 30 percent on your 401K ocobserver. Your investment advice isn’t any good either.
Moorlach,
You must have me confused with somebody else. I never lost 30% on any portfolio. I knew instinctively when 1400 square foot homes were selling for $700,000 that something was VERY VERY wrong. At that point I went to cash. And I don’t give ‘investment advice’, dork. I just point out investor idiots like Thundermaker after the fact. That’s all.
Now now ocobs, no need to call names. We talked about this back in February. I have FORD, Home Depot, and PDLI which I am a long term holder. I bought as much Ford as I could in late January which is when you said you would SHORT it!
REMEMBER? Be a man and keep your word ocobs. Come on chicken little, put your money where your mouth is! What? You wont? Just like we all thought. Now go away son.
ocobserver: Back around the time that I first started reading your rants I bought a few hundred shares of Apple. I probably should have shorted it instead, right? But then I wouldn’t have gained nearly $140 per share.
You need to read more than the headlines. Some areas are doing well and a little time doing the research can really pay off. And my main pension plan is healthy andstill will be in 2016 when I retire.
My CalPERS pension is just going to be supplemental income.
ThunderDork is in the house!
My question to those who are crying and complaining about tax funded pensions, illegals, etc etc, is this: Have you considered moving out of California? I’m sure you don’t have to deal with any of this in Montana or Idaho.This is the price we pay to live in beautiful, sunny southern California. The miles of beaches, Hollywood, Rodeo dr, 3rd street promenade, Disneyland, Big bear; just to name a few. I can tell you this, to have access to these venues and others, I’ll gladly pay the high taxes. I cant imagine moving out of state. I can’t give up So. Cal. Besides, I doubt I can make what I make now in another State. That is just me and my opinion.
Ocobserver, it is impossible to enlighten the members of a cult.
If they are not aware of the impending collapse then they are either , blind to truth, too busy to care or just stupid.
The one’s responding on here are the union goons, the worst of the cult members. They are the one’s that will be blaming he taxpayers for being greedy as their ship sinks and their world of “everything is free” changes before their eyes.
The followers of the government union cult are unthinking robots. Trained by their leaders to resopnd to Pavlovian commands at an instant and bark out their meaningless sound-bytes as if they have had an original thought in their life.
In a rational world the debate would not have one side stealing money by using a multi-level scam of tax dollars, passed through government unions to install politicians that do their bidding in total disregard for the impact on the private taxpayers.
In a rational world good people would step back and view what is happening and see that the GWU’s have taken control of our cities, counties and state, which is bad for both the private individual and on the whole, bad for our Republic.
The word is getting out about the GWU insest and plunder. It will be refreshing to see the truth in their eyes as they are trying to explain the fairness of their closed loop of greed as their system is dismantled.
Government worker unons (GWU) have proven to bring out the worst in humans, GREED, Delusion, Narcissism, Lust, Power, Sloth, and a total lack of Empathy for their fellow citizens that are working to pay for everything they have stolen for themselves to this point in time.
Donk, anyone who reads the global financial news fully understands it’s all unraveling.
some things they cannot hide. gobblement sales tax receipts, unemployment, home delinquencies and foreclosures, property tax receipts, etc… why do you think California is back at a $20 billion PLUS deficit projection for 2010 AFTER they increased our taxes to HISTORICALLY HIGH levels just last February???
Obama is trying to hide it with the ‘dollar carry trade’ and ‘housing subsidy’ bubble programs. But they will collapse in the not too distant future. The math simply doesn’t work. When the games finally are FORCED to end humpty dumpty will fall from the wall. No way to avoid it.
Hahahaha!!! You said it was all unraveling back in February!!!! Cover your short positions ocobs! Put your money where your mouth is! PERS went from 160 bil to 202 bil since your last chicken little prediction! HA!
As I recall, it was going to be all over by now. Maybe he’s waiting for a comet or something.
Can this guy babble the fringe rhetoric or what? I’m guessing you have a full wall of newspaper clippings all connected by strings… eh Donkey?
Yousuck, OCO is right-you really do suck
Yessup is a follower of the cult of GWU. He has no answers to the insidious nature of his cult so he fires personnal attacks at the truth.
He is the typical follower, as long as the numbers are in his favor, but when things change he will become the same coward he has always been.
It’s all unsustainable Yessup, no matter how much you kick, pout, cry and scream.
Now I am going to finish reading my new book, “Ford County,” by Grisham.
YouSuck is trying to protect the status quo at all costs because he is heavily invested in it. His survival depends on that fat pension check. So for YouSuck the survival instinct has kicked into action. When that happens people lose all rational perspective. They just don’t think right. They attack any messenger who provides sound rationale for danger. Instead of asking “What can we do to save this listing ship?” they COMPLETELY deny that the ship is even sinking. That’s YouSuck in a nutshell. Learn from him and his manufactured ignorance.
More conspiracy theorist babbling donkey. The GWU? Next we’ll be hearing how the trilateral commission is involved. Someone call Dan Brown… there’s got to be a good fiction book in all of this.
See, what really amuses me about idiots like Thundermaker is he is from the ‘buy and hold’ school of thought. He believe share prices go up over the long haul. But anyone who invested money in the DOW or S&P indexed funds since 1999 are in the hole today. So now instead of defining long term as 5 or 10 years, dorks like Thundermaker are going out 15 or 20 years!! hah! If the game doesn’t work, they simply change the rules. hah!
Today the stock market is nothing more than a big casino. The market rally in the last several months is not at all based on FUNDAMENTALS. It can’t be!!! The banks are not loaning money. The consumer is not buying. Unemployment is 12.5% in California (20% if you add everyone in). Our federal debt has DOUBLED since 1999. The dollar has plummeted 20% just since March of this year. So how could the stock market go up??? GAMES, folks. GAMES!!!! And that is what Thundermaker and his friends place their hopes upon. Pure SPECULATION and GAMES!!! hah. He will learn his lesson soon enough. Profit requires production. Profit requires growth. We have none of that. The economy and credit are contracting at enormous rates. It won’t end well. Mathematically it can’t. Impossible.
more investment advice dork breath?
Honestly, now you are calling me a dork? Be an adult and tell us all how much you have lost since february going short!! LOL
Ha!
Simply outrageous !! Stop complain and whine. These crooks raping its citizens.
401(k) plans come back
Market gains restore funds
David Pitt, The Associated Press
Created: 11/21/2009 06:43:39 PM PST
If you had a good mix of stocks and bonds in your retirement account and you left it alone through the market madness of the past year, more than likely you’re in good shape now.
A report by Fidelity Investments released late last week shows an unexpectedly rapid recovery for retirement account holders who stayed invested and continued to contribute.
An analysis of more than 11 million 401(k) participants shows the average account balance up 13 percent to $60,700 by the end of the third quarter from the end of the prior quarter. The average account increased 28 percent from end of the first quarter in March, when the stock market hit its low - to the end of September.
The S&P 500 rose 16 percent during the third quarter - from the beginning of July through the end of September. It rose 34 percent in the second and third quarters combined.
That upward movement helped replenish many retirement accounts.
well this is good news and not doom and gloom!!!!!!!!!! hey but “THE SKY IS FALLING!!!!!!!!!!!! LOL
ntheoc, i guess you missed the post above. I will repeat it, in part, for your convenience. Let it sink in. Sleep on it. I love to educate you numbskulls. hah. Oh, btw, your state is running another projected $20+ billion deficit for 2010. hah. And the state can’t print money, doofus. They either have to tax people more (which they won’t dare do after last year) or start picking the high-level fruit off the tree. Btw, that’s YOU whether you know it or not. Enjoy your holidays, ntheoc. Eat, drink and be merry! hah! That big train ain’t far away!! hah!
oops… wait… Harry Calahan would have had a Calpers pension… never mind.
Today the stock market is nothing more than a big casino. The market rally in the last several months is not at all based on FUNDAMENTALS. It can’t be!!! The banks are not loaning money. The consumer is not buying. Unemployment is 12.5% in California (20% if you add everyone in). Our federal debt has DOUBLED since 1999. The dollar has plummeted 20% just since March of this year. So how could the stock market go up??? GAMES, folks. GAMES!!!! And that is what Thundermaker and his friends place their hopes upon. Pure SPECULATION and GAMES!!! hah. He will learn his lesson soon enough. Profit requires production. Profit requires growth. We have none of that. The economy and credit are contracting at enormous rates. It won’t end well. Mathematically it can’t. Impossible.
johnny glaze, rump rider says
“Well, if Calpers posted it on the internet it MUST BE TRUE!
OMG are you clowns a laugh ”
———————————————————————————-
and if the ocr puts it online it must be true!!!!!
what a knuckle dragging troll!!!!
ntheoc says:
what a knuckle dragging troll!!!!
====================
That hurt ntheoc
I thought you reserved your best insults for OCO!
true jblaze but i just couldn’t resist!! lol
I rarely get my financial news from the OCR.
I read financial publications that you can’t even pronouce, ntheoc.
You are a hold and hoper.
Better hold onto your behind. You’re about to lose it!!! hah!
hah, the math i know requires split second drug calculations and conversions, stuff that is to fast for your old decrepit brain,hah!! anyway my deferred comp people and pers reps got me covered. oh and i’m maxed out in def comp and it’s lookin good!!! btw i helped stimulate the economy today and there was millions of people out doing the same thing! i wonder if they all know the “SKY IS FALLING”,LOL…well most are wrapped up in stimulating the twilight movie.
Back up the truck, ntheoc. Throw every dollar that you’ve swindled from the taxpayers. I’d rather have some broker or some slick fund manager get your money. At least they work for it! hah! Brokers and fund managers aren’t allowed to go the the gym or shop for groceries or sleep or play video gameslike you hose pullers do while the time clock is ticking. hah. So go fully invested!!! Do it!!! Make my day!!! HAH!
Really ocobs? Are those the publications taht told you to short FORD? HA! How much have you lost?” Ha!
You are too funny and a joke to boot.
Now he thinks he’s Dirty Harry… Dear Lord
oops… wait… Harry Calahan would have had a calpers pension…. never mind eh Ocobs?