Mr. Stange sat through the process last time. It usually works with the Chief being the head negotiatior. That was how it was last time. Mark Youngblood was Chief negotiator for our side and Chief Talbert was the head of their side. This time I get the feeling I am dealing more directly with Mr. Stange and get the feeling he is the head rep for their side, although Chief Talbert still has a major part.
As for why we are not in FRS and are in this Chapter 175 plan let me address that with this. Every Homeowner in South Walton pays a 1.85% excise tax on your homeowner insurance. You would pay this regardless of what the local FD retirement plan is. You also pay a similar tax on your car insurance this money goes to fund these plans for police officers it’s called a Chapter 185 plan. With us being in this plan the money you spend does not just go somewhere else. They actually return that money to this retirement plan. So you should feel good that your tax money is here and not down in south Florida. Maybe the elected officials got this one right?
Also, the only person making six figures is Chief Talbert who is making right at 113k/year. Sean Hughes was at around 103k/year but we all know where we are with that.
I believe someone also made a comment about working 25yrs like (only!). I invite anyone to come do this job for 25 years and see what kind of toll it takes on you physically and mentally.
That being said I love that fact that I get to help people and I feel like I make a decent living providing this crucial service to you. You will never hear me say I have it bad, all I have to do is look at the FD that I pay taxes too to see what bad is. I don’t think you want 60 year old guys crawling down the hallway of your house in hopes of getting you dragged out. Especially since our gear weighs 50-70lbs alone. I also don’t think you want a 60 year old police officer chasing an 18 year old fugitive.
I did find out one more thing regarding the life span assumption. It uses a table and does not mention any specific ages. I am now trying to track down a copy of that lifespan table.
6.75% average. But your numbers don't jibe with the report Bob posted. They have:
Year ending: return
9/30/2010: 8.3%
9/30/2009: 7.7%
9/30/2008: -19.0%
The main reason as I remember was that the legislature had to much control over FRS. It was a negotiated item between labor and management. As for what it is best, I am not sure on whose opinion that is based.
Which is why the contract stipulates firefighters can retire at 55. This discussion is about the current state of the fund, compensation, and benefits after retirement. Again I ask you to please stop hoisting our firefighters up on a cross.
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I don't think i'm putting any person on a cross, I am pointing out that this is a young man's profession. Meaning that even at 55 you might be asking a bit much physically to do the things this job requires. Some guys will not have a problem at this age, but your best preformance is going to come from younger guys. I didn't think anyone would need a scientific study to show that. I'm a young 32, but when I was 22 I was much better off for the rigors of this job. I can only imagine what it will be like 10yrs from now. I can't explain to you the stress this job puts on you physically and I think more importantly mentally. I think a working a job like construction can be just as physically demanding but it differs in the mental stress that you incur.
I don't think so based on what I'm seeing in terms of the liability of the fund and the current pay rates when you include base salary and benefits.
Are you including pension benefits when you calculate those salaries or are you just listing base salary? Firefighters pay is ~50% base salary and ~50% pension benefits. You have to include both parts to get an accurate representation of what they make.
They're firefighters. They put out fires. They chose the job. I take offense to what you're implying, I've worked my rear end off all my life, it's taken a toll on me but I don't expect the people I work for to write me a check every year for 25 years after I retire. The wear and tear goes with the territory you choose to be in.
Which is why the contract stipulates firefighters can retire at 55. This discussion is about the current state of the fund, compensation, and benefits after retirement. Again I ask you to please stop hoisting our firefighters up on a cross.
http://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy
75.6 for men, 80.8 for women.