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Lifetime City Pension of $50,000 a Year for 2 Years on the Job

Written by Gary North on April 25, 2012

Impossible, right? Wrong. That’s how it works in Philadelphia.

A woman who worked for two years for the city has resigned. She will receive $50,000 a year when she reaches retirement age.

The city professes amazement that such a loophole exists. The city vows to close this loophole to future workers.

How could this loophole have existed? How could any city employee get $50,000 a year for life? Because the union negotiated it.

Will Philadelphia default? Of course. Will the union protest? Yes, but not too hard. Why not? Because the only way that the city will be able to keep existing union members employed after the default is for the default to take place.

All over the USA, there are naive city employees who really think the fabulous pensions they have been promised will be paid. The numbers do not compute. There is no possible way that states and cities will not default on these agreements.

These pensions will increasingly drain off city funds from existing programs. Voters will rebel. This will be a great time for conservatives to take over city councils. They will run on a “stop the pension” platform.

All they have to do is vote to stop paying. Then the unions will take the cities to court. After a long, expensive legal fight, the judges (who want their retirement paychecks) will declare this illegal. Then the cities will declare bankruptcy.

It’s clean and simple. It will shrink the local government.

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12 thoughts on “Lifetime City Pension of $50,000 a Year for 2 Years on the Job

  1. There are so many morons running this country it's sickening.

  2. The Pension plans set up by the unions are like a lottery in which everybody wins. For some reason they are so mathematically challenged that they don't realize that this is impossible.

    That's what we get when marxism is taught in the public schools instead of the 3 R's.

  3. LiveFreeOrDie says:

    No Money = No Unions

  4. CSENSE- SIMPLE SUGGESTION: ENACT LEGISLATION THAT PROHIBITS ANY ELECTED OFFICIAL TO VOTE ON OR ENACT LEGISLATION/AGREEMENT THAT EXTENDS TO MORE THAN TWICE THEIR ELECTED TERM OF OFFICE.
    THIS WILL PREVENT AN OFFICIAL FROM COMMITTING THE TOWN/CITY/STATE/GOVERNMENT TO AGREEMENTS THAT COULD CREATE THESE DUMB SITUATIONS JUST TO GET REELECTED. iT WOULD ALSO SUCCEEDING ADMINISTRATIONS TO UNDO STUPID COMMITMENTS.

  5. Take a closer look at the unions in this country and you'll find out that they are more communist than any political party!

  6. The best sentence in this article is "It will shrink the local government."

  7. Bill McCroskey says:

    GSA Vegas junkets….billions of dollars spent on military gizmos the military DOESN'T want, nation building, million dollar public employee retirement packages, the list goes on and on and on …but… "THE 1% NEED TO PAY THEIR FAIR SHARE" ………. and it wouldn't make a pimple on a gnats a$$ if they paid 100% of their income as taxes. I will repeat again: I am so far removed from being a 1%'er it isn't funny…..it's just comes down to no matter what you pay in taxes, they will pizz it away… we DON'T have a government revenue problem in this country … we have a government SPENDING problem.

  8. […] on articles.philly.com After 2 years on job, Camille Barnett gets city pension – Philly.com Lifetime City Pension of $50,000 a Year for 2 Years on the Job Where else does this go on? How many,towns, cities,counties, municipalities in our County???? […]

  9. http://www.trunews.com with Rick Wiles.
    **URGENT LISTENING**

  10. YES

  11. I'd like to know who made this pension deal with the union – even if the person or persons are no longer living.

  12. That's not the half of it. I many cases, these leeches can put in the minimum, be fully vested, retire and collect that exorbitant retirement, AND work another job and get ANOTHER retirement package. Ain't gummint wonderful?