The Authoritative Blog on Stamford Connecticut
11 Aug
I have little sympathy for the retired police officers who are seeking an increase to their pension.
Living on $900 a month from his police pension, John Braccia had to take a part-time job as a city custodian this summer to stay afloat.
“It got difficult,” said the Stamford man, 66, who retired as a city police officer in 1982 after 15 years on the force.
You only worked for 15 years and you get $900 a month and full health benefits?? You should be counting your blessings instead of complaining. What about the rest of Stamford’s retirees who worked for decades and receive no pension? What about the people who had the insight to actually save in retirement plans for their years after work?
The retired police officers signed a union contract and are getting the pension they were promised…end of story. If the pension is not providing them enough money, it should come as no surprise. They have known about the terms of the contract since they signed up.
So why do the tax payers of Stamford now have to help them out further when the city clearly does not have enough money.
Many of the police officers in this city make six figures and are very well paid. There is no reason they cannot contribute to their pension AND contribute to a retirement/savings account to live off of.
I am sick of people looking for free government hand outs. Yes, thank you for serving our city, but why should the government and the tax payers be responsible for your retirement? You contributed to a pension, the pension has not performed well enough to increase distributions, sorry but that is how it works. You want the tax payers to bail you out for your poor performing pension?
“It’s really a crime,” said Ralph Knapp, president of the Stamford Retired Police Association. “It’s not only a crime to the retirees but to the taxpayers of Stamford.”
Umm…Mr. Knapp, how is it a crime to the taxpayers of Stamford?? A crime that you could not plan for your own retirement?
In 15 years unions and pensions will be a thing of the past. So count your blessings that you even get anything.
I do like how the Mayor came out with a total bull shit answer which basically says f-you:
But Malloy said he supports an increase for retirees.
“I hope that the contract language and the performance of the pension will deliver an increase to them,” he said.
In other words, I will do whatever the city is obligated to do through it’s contract with the union. Fortunately for the city, that means you only get an increase when the pension fund actually performs.
6 Responses for "Little Sympathy for Complaining Retired Cops"
I totally agree with you. How about working until at least 65 like the rest of us?
1982 was a different time. Police officers retired with a reasonable expectation of having a living wage for the rest of their days. So did many others; it was the era of the pension not the 401(k).
Totally agree with you. I thought this article was ridiculous when I read it. Granted I probably don’t have all the facts, but given the usual rants of entitlement that usually comes from union members, I think their likely just asking for a handout.
Wow, I stopped reading this site after your nasty rants about the East Side, but Stamford Talk linked to you today so I decided to check out what you’re saying. No surprise that you continue to be a cranky, complaining jerk.
Public service pensions are our promise to people who have served us. Public service workers typically get crappy pay for doing really tough work, but the one upside is a decent pension.
What you may not know is that many public service workers in CT do not get social security, only their public pensions.
I guess you cannot read on the East Side. I am not saying that cops don’t deserve a pension, I am saying that they should not get EXTRA pay on top of the pension they already have.
It’s like people who complain that they cannot live on social security…you have to be a total idiot to believe you can live on social security alone. You can save $2000 a year in a roth IRA and retire with way more than you will ever get on social security.
#5 — I’m not so sure of your last assertion. I wish it were true, but I don’t think it pencils out. At 4% return, after 45 years of $2000 (beginning of year) one ends up with $252,455. At 6% net return, $455,386 (a third of it gained during the final 6 years). The present value of many workers’ social security is much higher than that.
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