Lazio Tappingprettybare Id Preview Jp Preview Fucking Attractive Stripped Teachers Maryland Politics:- O'Malley promises not to shift teacher pensions - Politics and Policy from Baltimore, Annapolis and Washington - baltimoresun.com

Last year, O'malley pushed hard and got the legislature to pass compliance with the federal Adam Walsh guidelines, even though study after study has shown them to be backward and ineffective. Almost the entire cost burden was placed on county and local governments. Why is he suddenly so sensitive to passing costs along? He could have thought it out last year too. Motivation suspicious.

Nothing like predefining what you will or won't do just before the State review of pensions makes it report. Maryland like many other states and localities has a bloated pension pig developed by years of over promising benefits both pension and health to public employees. No matter the State increased its liability a couple of years ago by using a more generous formula for retirement payments just as Baltimore County went the reverse on its formula. Underfunding has come from to low a contribution rate, to high benefit rates and prayer that the capital markets bail out all the promises. If you don't reduce and do some allocation of liability to the unit of government that makes the promises, you can't get to pension reality. Who pays well the Maryland Taxpayer most of whom have no defined pension plan and a underfunded contribution retirement plan. Let's see where to retire?

O'Malley said he wouldn't raise taxes in his first year and raised them $1.4 billion. Why should anyone believe what he says? He is a proven liar.

The Governor and Maryland State Legislature cannot expect Maryland
State Employees to bear the hardship
of cuts to a State Pension/Healthcare plan they balk at funding.

It should be mandatory that if they refuse
the plan properly, they are ineligible for
reelection by voters.

"O'Malley, a Democrat and former mayor of Baltimore, noted that lawamkers may propose the pension shift anyway".

Sounds like Gov. O'Malley, as usual, is protecting his reputation.
If not, why would he note this?
Same with Gas/Alcohol tax increases.

Oh he is good but he doesn't fool me.

He also recommended that parents not pay for any toys and that the costs would still be borne by Santa Claus. It makes about as much sense. Local boards are dominated by teacher allies(including lawyers who rely on the towns largest employer- the board of ed- for business like closing, DUI, divorce, who just give away the stor knowing that the state will pick up tab for pensions

What's moronic is that teacher's who would rather have the money that teachers and districts pay into the pension funneled into a 403b are denied that option.

Why? Ponzi scheme.

I fail to see the difference between pension formulas and Madoff?

Early investors who withdrew from Madoff enjoyed fantastic results, like the pensioners right now who contributed 1% of their paychecks for 30 years. In this case, the victims will be the tax payers and people who contribute to the pension at a higher rate.

O'Malley just don't get it. He is sophisticated in the way he doesn't get it. Did he not watch the nov.2 national elections, so let see now... he really isn't as bright as most thought.

Maryland deserves what it gets.

Stupid is as stupid does.

Many years ago teachers were underpaid but received better retirement pensions. Then the state failed to keep up with paying into the pension. The employees who worked many years deserve to have their pensions remain intact. To have the state redo their pensions now is a slap their face. DON'T do what the city is doing now to police and firefighters. The state MUST pay their bill to make sure all retirees receive what is do.

The state Employees are going to get it and if there is No New hires as the public is lead to believe you have to be adjusting any New Reteriees pay out as of July 1,2011 recalculate New Pay outs and cut the benefit for State Emploees or what good will it do to modify any pension? You folks have way too much paid leave Vac, Sick, 15 holidays a year at Tax Payers expense . Omalley Is as phony as the stuff suit you Sate Employeesbelieved he help you backed and elected him back to Gov. ASCME backed Martin now you get what you deserve.I'm sure ASCME and Mr. Glenn where paid well. At least a new caddilac I would hope. Suck it up you folks you all are screwed. I can't believe how dumb people of Md are they wanted change and voted for a nothing. So glad I have an out of State residence to escape this disgrace of a State, Maybe you let Peter fix it for you next time he is getting good at robbing Paul to Pay Peter !

Why would the Governor oppose a common sense solution like a 401k plan? A majority of the private sector uses this type of plan. It is time for state government to change the lucrative pension system offered to employees and unions. The bottom line is that we simply cannot afford it any longer.

Maybe O'Malley could take some advice from New Jersey Gov. Chris Christie on the economy, or perhaps deal with the illegal immigrants that are costing us a pretty penny!

Pension Release is a flexible alternative to purchasing an annuity.I appreciate the work that you have put into this page.