Skip to main content

View Diary: Louisiana Republican supports Obamacare Medicaid expansion, wins House seat carried by Romney (58 comments)

Comment Preferences

  •  Pension plans (2+ / 0-)
    Recommended by:
    rainmanjr, lippythelion69
    Actually, when you break it all down, there was more than one message sent in this election that Riser entered as the odds-on favorite to walk into office on the strength of the fast one that the Jindalites tried to pull off, not the least of which is that the Duck Dynasty’s political clout appeared to eclipse that of the governor (Gotta give credit where it’s due). Jindal clumsily overplayed his hand when he maneuvered Alexander into “retiring” halfway into this two-year term of office so that he could take a cushy state job as head of the Louisiana Office of Veterans Affairs at $130,000 per year, a job that stands to boost his state pension (he was a state legislator before being elected to Congress) from about $7,500 per year to something north of $80,000 per annum.
    Why is there such a huge jump?  Or is this writer assuming that Alexander would stay in this position for a decade-plus?

    Pensions for working stiffs tend to be along the lines of "1.5% of salary * years of service".  That doesn't get you $80k easily.

    -7.75 -4.67

    "Freedom's just another word for nothing left to lose."

    There are no Christians in foxholes.

    by Odysseus on Sun Nov 17, 2013 at 05:19:27 AM PST

    [ Parent ]

    •  Alexander only has to serve for 3 years in that (2+ / 0-)
      Recommended by:
      Aquarius40, Larin

      position to draw the $80,000 pension, as he was also a state legislator at one time.

      "I'm totally pro-choice in the matter of abortion. But of course I'm also so radically pro-life that I think every person from birth onward must have full and affordable access to healthcare." - Gail Collins

      by gritsngumbo on Sun Nov 17, 2013 at 06:47:52 AM PST

      [ Parent ]

      •  That's not an explanation. (0+ / 0-)
        Pensions for working stiffs tend to be along the lines of "1.5% of salary * years of service".  That doesn't get you $80k easily.
        What is the structure of pensions for these positions?

        -7.75 -4.67

        "Freedom's just another word for nothing left to lose."

        There are no Christians in foxholes.

        by Odysseus on Sun Nov 17, 2013 at 08:17:50 AM PST

        [ Parent ]

        •  It is apparent what the structure is (0+ / 0-)

          Once the age and time requirements are met, apparently  the amount is calculated based on the three highest earning years. Without his latest appointment, Risler's three highest years would have earned him a pension of $7,500 a year. If he keeps his new job for the three years, his pension will increase to $80,000. Your formula yields the percentage to be be applied. The question becomes: the percentage of what? In this case, the "what" is the average of the three highest years of earnings.

          If you don't want to be kept in the dark and lathered with horse dung, stop acting like a mushroom.

          by nomorerepukes on Tue Nov 26, 2013 at 08:23:29 AM PST

          [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site