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disgruntled

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Everything posted by disgruntled

  1. And many of them don't all report those tips--so they don't have to pay taxes on them. Then they qualify for "bennies" that those of us that can't hide income pay for.
  2. If a Jeep and a Hummer had an ugly baby, it would look like the new Bronco.
  3. Philadelphia Inquirer: Pa.’s largest pension plan admits making an ‘error’ that may have benefited teachers at taxpayers’ expense March 12 Joseph N. DiStefano The board of Pennsylvania’s giant public-school pension fund on Friday voted to hire an outside law firm to investigate an error in a December financial decision that may have cost taxpayers at least $25 million in fund payments — while wrongly sparing 100,000 school employees from paying more for their pensions. The unanimous vote followed a 3 1/3-hour closed-door meeting of the 14-member PSERS board as it explored whether it erred in a crucial meeting in December in which members concluded the fund had just barely met a key financial target for investments. If it made such a mistake, the error could make a big difference in whether some teachers have to pay more out of their paychecks to support their pensions. In a reform imposed by the legislature and governor, the fund adopted a so-called “risk-sharing” rule some years ago that requires educators and staff to pay extra if PSERS fails to meet its investment return target. The target was a return of 6.36%. In December, the plan’s experts told the board that the fund’s had actually grown by 6.38% — just enough to spare teachers a hike. The target appeared relatively easy to meet. By comparison, the S&P 500 index of big U.S. stocks paid over 10% a year during the review period covering the last nine years. PSERS officials provided almost no details Friday, such as why the investigation was necessary. People familiar with the issue, speaking on condition they not be identified, said outside financial experts who worked on the profit assessment have now complained that the fund’s performance provided for the calculation was inflated. The special meeting came a week after PSERS concluded its first bimonthly meeting of 2021, at which five of the 14 current board members voted against the staff’s latest investment proposals. Those negative votes appeared to reflect a growing dissident faction, upset at investment decisions and other policies pushed by the administration of executive director Glen Grell, the former state representative who heads the $62 billion system. In all, public school employees paid about $1.1 billion into the fund last year, while state and school taxpayers contributed almost $5 billion. Investment profits have pumped about another $3.7 billion yearly over the past 10 years. However, returns fell below that figure in the past two years. Taxpayers have been asked routinely in recent years to pay more into the underfinanced pension plan. But the “shared risk” rule was designed to spare the state and local school board treasuries from paying all the extra cost when investments did poorly. If PSERS underperformed, for complex legal reasons the hike in payroll deductions would apply only to employees hired after 2011, around 100,000 of Pennsylvania’s more than 250,000 public school workers. Most school workers pay 7.5% of their paychecks to the fund. Had the board decreed that investments fell short, their paycheck deduction would have climbed to 8%. In a contentious discussion at the December meeting, board chairman Chris Santa Maria, a history teacher and former union leader at Lower Merion’s Harriton High School, expressed satisfaction that his fellow union members would not be charged more. But others were uncomfortable with the data, even at that time. Then-state Treasurer Joseph M. Torsella and state Rep. Frank Ryan (R., Lebanon) noted that the figures had been gathered from different sources from the usual annual financial report. Santa Maria and the pension staff assured them the numbers were good. “We went back and double-checked the numbers,” Santa Maria said. Even when recalculated, he said, ”I’m confident we still come up with the same.” He added: ”The information is now reliable and defendable.” “We did our due diligence,” agreed James Grossman, the fund’s chief investment officer, at the same December meeting. “We covered it. I’m not worried about it.” When the dissidents suggested a separate vote on the investment performance data, apart from the one imposing charges, board member Melva Vogler objected. It’s “dangerous,” said Vogler, a retired math teacher from the Poconos, to send a message “that there’s something wrong with the risk-share calculation.” Still, Torsella and Ryan were unnerved about the how close the profit figure was to the target. They both complained about a rushed process. They abstained from the December vote, as did another frequent dissident, Richard Vague, the state banking secretary. “We got this [report] last night,” Torsella said at the time. ”Given how close this is, I have real concerns.” Late Friday, the board issued a statement acknowledging that a mistake had been made. “The Pennsylvania Public School Employees’ Retirement System (PSERS) Board of Trustees was recently made aware of an error regarding the reporting of investment performance numbers which were used in the December 2020 certification. An outside consultant is in the process of analyzing the data in detail. In addition, the Board has delegated to the Audit Committee the authority to select independent outside counsel and oversee a special investigation.”
  4. a few bars at a time? Every time they went down the road, just looking like they were passing through. I do have to agree with you though--I don't think it's anywhere near the large amount that was believed to be there. I could buy the story of a small stash, but not the tonnage I've seen guesstimated. I hope the Parada's get their answers, but I don't think the FBI will ever disclose what was really there.
  5. Am I the only one that finds the irony in the business name, "FInders Keepers" in this particular situation?
  6. Brown looks either sorry for what he did (or sorry for getting caught?) in his mug shot at least.
  7. My employer mailed me three separate documents (I didn't request them) for me to be able to prove I had health care all year, but people don't need ID to vote because it's "racist." A dem friend of mine told me her mom couldn't get her vaccine until she had time to renew her DL that had expired~~I said, with a grin on my face, "Oh, you need ID to get a vaccine?......" Her response was " Well, yes. You can't have someone else claiming her vaccine...........<long pause> Ok, smart @$$, I see what you just did."
  8. I would have to think that would be where venison could be deadly to a motorist. *I also tend to feel badly for the animal--maybe more so than I do for the people.
  9. I know how much damage a deer does to a car--I can't imagine how much damage an elk would do.
  10. I'm sorry, but I legitimately laughed out loud to myself as I recall my grandfather referring to teenaged young men as "young, dumb and full of..... " Ummm. I don't think I can post that here, but it rhymes with dumb. *No offense intended to the male members of the group.
  11. Somewhere they have gotten the idea they are royalty and we are all peasants.
  12. My mother uses the kid seatbelt to strap her purse in, through the handles. It may not be foolproof, but I would guess it may at least slow someone down--or make them find another target.
  13. Reading is fundamental. I was hoping the rooster killed the guy that was responsible for putting the rooster in that position.
  14. disgruntled

    Pay Up

    But we all have heard that you can test negative today and be sick as h-e-double hockey sticks tomorrow. You know the whole asymptomatic people stuff Even our own governor tested "positive" one day and was negative again just a few days later. I tested negative for antibodies a few months ago after giving blood, gave again recently and tested positive for antibodies that time without so much as a sniffle in between. I legitimately think I had it BEFORE the first negative antibody test--I think I had it before we all knew what it was.
  15. I virtually attended a racism seminar yesterday. Every speaker was a non-white "Dr."--I use the quotes because they were doctors as far as having an advanced degree--so they went to school for a very long time to achieve that title. I'm certain they weren't all medical doctors. If Dr. Shanequa Brown can obtain a doctorate, there is absolutely zero reason that a kid without mental disability can't learn how to add regardless of the amount of pigment in someone's skin. Stop making excuses. Excuses only satisfy the person making the excuse.
  16. Speaking as a person with strictly indoor-only cats that is a strong proponent of spay/neuter/adopt for pets (and some humans)-I'd gladly pay for a license for my house panthers. I'm an animal lover and dogs just don't work for my life--work usually keeps me away for long hours. Cats usually don't care if you're around much or not as long as there is a full food dish, clean water to drink and a litter box that is cleaned regularly. It's not fair to a dog for them to be cooped up alone all day long.
  17. Not only is this bad, but people need to seriously QUIT PAYING FOR DOGS. Stop buying your kid a designer puppy that was a mutt back in the day. Dogs have souls and if you harm a dog intentionally (or by willful blindness: i.e. buying a dog from a breeder because you want a specific kind of dog while you know that millions of others sit in shelters literally dying waiting for you to adopt them), your own soul is in danger. Spay/neuter/adopt.
  18. I wonder if the probation officer recently came into some cash
  19. And so, now we have a new story about the case for potential jurors to read and become more knowledgeable about the case.
  20. Amazing how no one seems to have "the flu" or "a cold" these days, right? It wasn't so long ago that the CDC was reporting that having a cold would garner you a positive result of the covid test because the test couldn't tell the difference.
  21. The only test I need is the one where you put your mask on and breath on your glasses or sunglasses. If they fog up, that mask is not stopping the virus from getting out of your body. Face shields do nothing to filter a gosh-darned thing but divert the air. Maybe some of you need to see how air works. How it mixes. How it wafts. You've been led to believe that masking works--so you embolden yourselves and put a mask on and go about your lives--and now everyone is getting diagnosed. You should have been staying home and away from people. You are the reason why it is exploding--because you won't stay home because you think a magic piece of cloth, paper, plastic or acrylic will protect you. Congratulations. My most hypocritical friends on "the book" go on rants about masking and then fill my feed with pictures of them and their children at every restaurant, tree-lighting, church service, store and gym they can find. They were so bold as to publicly ask friends to join them to sing at a public event the other day. You can't make this $#!+ up.
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