PERS Monthy Payments

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PapaG

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Holy Crap!!

FWIW, I actually know Dr. Montanaro pretty well. He sold his private practice 4 years ago. A very funny guy, as is evident by his quips on being #10.

http://www.oregonlive.com/politics/index.ssf/2011/11/top_pension_for_oregon_public.html

Top pensioner at Oregon Public Employee Retirement System: Mike Bellotti at $41,000 a month

. Mike Bellotti
$41,341.67
Mike Bellotti, 60, is former athletic director of the University of Oregon, and former head football coach for the Oregon Ducks. He resigned last year to become a college football analyst for television.

Reached at his home Monday evening, Bellotti said he didn't make the PERS rules, and simply lived by the package he was offered when he signed on at the University of Oregon in 1989. He said his pension was a fraction of his final annual compensation from the University, which he said was between $1.9 million to $2 million, and that he'd passed up several offers to leave for more money.

"Put in all the taxes I've paid to the state of Oregon," he said.

2. Frederick Keller
$31,459.45
More
The Oregonian’s continuing coverage of the Oregon Public Employee Retirement System
Dr. Frederick S. Keller is an interventional radiologist with Oregon Health & Science University. He became director of OHSU’s Dotter Institute in 1993. He is the Cook Professor of Interventional Therapy, professor of surgery, and chair of the department of diagnostic radiology at OHSU. He's been a licensed physician in Oregon since 1974.



3. Lesley Hallick
$23,917.22
Lesley Hallick spent 32 years at Oregon Health & Science University, starting as an assistant professor in microbiology in 1977. She went on to become vice president for academic affairs and the University's first provost. She left OHSU in 2009 to become president of Pacific University.


4. Steven Goldschmidt
$21,517.24
Steve Goldschmidt, 67, is former director of human resources for Portland Public Schools (he was fired in 2005 by new Portland Public School superintendent Vicki Phillips). That same year an arbitrator ruled that Phillips wrongfully fired and damaged the reputation of Goldschmidt, brother of former Gov. Neil Goldschmidt. Goldschmidt was awarded $620,000 an amount that includes $250,000 for the tarnished reputation. Before being hired by Ben Canada as the HR directory, Goldschmidt represented the Eugene School District during a 22-day strike in 1987 — the longest teachers strike in state history.


5. David Frohnmayer
$21,027.21
David Frohnmayer, 71, is former Oregon Attorney General, former dean at the University of Oregon School of Law, and former president of the university. His last day as president was June 30, 2009. In September 2009 he became "of counsel" to the Harrang Long Gary Rudnick law firm, accepting select projects in legal, public policy and other matters. His prior public service also includes three terms in the Oregon House of Representatives.

6. Peter Kohler
$20,252.33

Dr. Peter O. Kohler was president of Oregon Health & Science University for 18 years. His name is stamped on the 11-story patient-care building that OHSU opened in 2006. Kohler retired in September 2007. Later that year he became vice chancellor at the University of Arkansas for Medical Sciences in Fayetteville.

7. Frank W. Anderson
$20,209.13
Frank W. Anderson is an 83-year-old University of Oregon mathematics professor from 1957, but retired in the past decade. He's currently listed as a professor emeritus. The Anderson Award, endowed by Frank W. Anderson, honors an advanced graduate student with the department’s (math) most outstanding teaching record.

8. William A. Korach
$20,068.81
Lake Oswego Superintendent of Schools, William A. Korach, 65, is the longest-tenured superintendent of any school district in Oregon. Earlier this year Korach announced his plans to retire while continuing to work part-time.

9. Peter Von Hippel
$19,677.95

A longtime University of Oregon professor of biophysical chemistry and molecular biology, Peter von Hippel, a prominent cancer researcher, retired in 1999 after 32 years. He has continued to head the University's Institute on Molecular Biology, a laboratory funded by the National Institutes of Health. He is an American Cancer Society Research Professor of Chemistry, and continues to work full time with post-doctorate students and others. "I'm not getting paid; I'm doing this because I like to," he says. "I put in a lot of 12 hour days."

He said it's not fair to focus on pensions, because university researchers in Oregon have historically been paid less than counterparts in other states-- and accepted pension increases in lieu of negotiating better salary. "Several times while we were working they asked us to take an increase in our pension rather than salary. That's one of the reasons why our pensions are high."

10. Anthony Montanaro
$19,477.82

Montanaro retired as vice chair of OHSU's Department of Medicine with a final-year salary and bonuses of $460,000. He now works part-time as head of OHSU's Division of Allergy & Clinical Immunology.

"I've worked hard for a long time. The Oregonian didn't come to me when I was making $12,000 a year as a young faculty member. Obviously when you work at a place for a long time you start at the bottom and obviously I was asked to be in a position of responsibility the last few years. I didn't seek that out, I was asked.

I totally am aware that there are a lot of people that are going to find this objectionable, but basically I played by the rules and worked hard for a long time. I'm probably not helping myeslf by talking to you, but I'm just being honest. I didn't write the rules."

Upon being told it was a top 10 list, "Why couldn't i have been 11th" he quipped.
 
5 doctors, 2 school administrators, a lawyer, a mathematician and a football coach.

FWIW, I get what a lot of them were saying about taking smaller raises for higher pensions...I would probably do the same if offered.

My question, though, comes from the salaries themselves that the pensions are based on. I thought that, aside from football coaches, government salaries were capped? Not saying that a prize-winning mathematician or doctor doesn't deserve 500k a year or so, but do you not have maximum salary tables in Oregon?

For example, a doctor in the military is paid solely on rank and length of service, and even if they were the highest-ranking general in the army (which they wouldn't be) at the longest tenure in the army (40 years), the salary is capped at ~215k a year.
 
5 doctors, 2 school administrators, a lawyer, a mathematician and a football coach.

FWIW, I get what a lot of them were saying about taking smaller raises for higher pensions...I would probably do the same if offered.

My question, though, comes from the salaries themselves that the pensions are based on. I thought that, aside from football coaches, government salaries were capped? Not saying that a prize-winning mathematician or doctor doesn't deserve 500k a year or so, but do you not have maximum salary tables in Oregon?

For example, a doctor in the military is paid solely on rank and length of service, and even if they were the highest-ranking general in the army (which they wouldn't be) at the longest tenure in the army (40 years), the salary is capped at ~215k a year.

No, we don't have any cap, and there is also no cap on PERS payments. Our Democratic-led state has no interest in reforming PERS to make is sustainable. As it is now, ~$3 billion/year is paid by the taxpayers for PERS retirees. Our entire state's budget is $37 billion. $240k/year in taxpayer-funded retirement isn't a bad gig, though. To put that in perspective, ~9% of our state taxpayer dollars go to people who have "retired" from a state job.

http://www.usgovernmentspending.com/piechart_2011_OR_statelocal
 
5 doctors, 2 school administrators, a lawyer, a mathematician and a football coach.

FWIW, I get what a lot of them were saying about taking smaller raises for higher pensions...I would probably do the same if offered.

My question, though, comes from the salaries themselves that the pensions are based on. I thought that, aside from football coaches, government salaries were capped? Not saying that a prize-winning mathematician or doctor doesn't deserve 500k a year or so, but do you not have maximum salary tables in Oregon?

For example, a doctor in the military is paid solely on rank and length of service, and even if they were the highest-ranking general in the army (which they wouldn't be) at the longest tenure in the army (40 years), the salary is capped at ~215k a year.

Not sure about in Oregon, but at UW I had a finance professor that was making something like 200k a year. I think he had only been teaching for 2 years (we figured he was only 32) and he was making more than all but 1 other finance professor. He had worked at Goldman and Lehman and then went to Kellogg. The only way to get him to teach (and come to UW rather than a more elite school) was to pay him at a premium. I just looked him up. Since then, he's taught at NYU, Chicago and now is full professor Boston College.

i would think it'd be the same for any field where the alternative to teaching is so lucrative (finance, law, etc). Of course, some of these people are on the list mostly due to how long they were on the job. For those types of jobs, some sort of cap is probably smart.
 
My question, though, comes from the salaries themselves that the pensions are based on. I thought that, aside from football coaches, government salaries were capped?

If that were true (salary cap for everything except for football coaches) then that would truly be evidence that we are collectively idiots.

barfo
 
The theory has always been, top government employees must be paid as much as their private industry equivalents, or private companies will hire them away.

Therefore, the solution to cutting government spending is to cut salaries of the captains of industry and their analysts.
 
The theory has always been, top government employees must be paid as much as their private industry equivalents, or private companies will hire them away.

That is the theory, however it is not the practice. In reality, most top government jobs pay far, far less than private industry, and private industry does hire the good (and even the so-so) people away.
If government was actually "run like a business" the President would make hundreds of millions per year, not hundreds of thousands.

We've got the government we deserve, because we are such fucking cheapskates.

barfo
 
For example, a doctor in the military is paid solely on rank and length of service, and even if they were the highest-ranking general in the army (which they wouldn't be) at the longest tenure in the army (40 years), the salary is capped at ~215k a year.

Not exactly true. When a doctor in the military "reenlists", they receive a large bonus.
 
Of course. So do pilots, submariners, nuclear-trained enlisted, SEALs, etc. But that's not "salary," is it? There's a reason it's called a reenlistment "bonus."

Those "bonuses" are capped at, iirc, 21k (15k for ASP and 6k max for BCP).

EDIT: In addition, it seems that there is a bonus for doctors in certain specialties with over 8 years of service if they sign up for a 4-yr contract of 75k per year. That might be what you were talking about, BP.
 
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That is the theory, however it is not the practice. In reality, most top government jobs pay far, far less than private industry, and private industry does hire the good (and even the so-so) people away.
If government was actually "run like a business" the President would make hundreds of millions per year, not hundreds of thousands.

We've got the government we deserve, because we are such fucking cheapskates.

barfo

Our elected officials are $millionaires who further enrich themselves through insider trading (which they exempted themselves from).

Our government is the most expensive enterprise in the history of the world. Yet we're not getting out of it anywhere near what we pay in.

If it were run like a business, you'd invest $1 in taxes and the government's value would be $2. Instead, they TAKE $1 and give $.10 in value.
 
5 doctors, 2 school administrators, a lawyer, a mathematician and a football coach.

FWIW, I get what a lot of them were saying about taking smaller raises for higher pensions...I would probably do the same if offered.

My question, though, comes from the salaries themselves that the pensions are based on. I thought that, aside from football coaches, government salaries were capped? Not saying that a prize-winning mathematician or doctor doesn't deserve 500k a year or so, but do you not have maximum salary tables in Oregon?

For example, a doctor in the military is paid solely on rank and length of service, and even if they were the highest-ranking general in the army (which they wouldn't be) at the longest tenure in the army (40 years), the salary is capped at ~215k a year.

That's federal. Most states have no set pay because there would less opportunity for bribery and payoffs and rewarding political donors.

I believe since all State schools take tons of federal money they should be held to federal standards. For any coach or athletic director of a school to make six figures never mind 7 figures is absurd. It's a school, it's a game, it ain't rocket science.

Frankly, it should be a volunteer position.

None of these PERS 1%ers were worth what they were paid for employment, but it's not their fault they were paid it and they are entitled to every dime. Look to the actual people who made the decisions to grossly overpay them. Look to the football fans who clamored for Bellotti's hire, no matter what.

Mostly, look to the people who refuse to accept healthcare reform and government-provided health insurance.
 
Of course. So do pilots, submariners, nuclear-trained enlisted, SEALs, etc. But that's not "salary," is it? There's a reason it's called a reenlistment "bonus."

You're right, it's a legalized bribe. A form of passive duress.

Still comes out of taxpayers pockets though.
 
For what it's worth, nobody doing the same job should make less than a federal employee. They aren't overpaid, most people are just underpaid in comparison.
 
Our elected officials are $millionaires who further enrich themselves through insider trading (which they exempted themselves from).

Our government is the most expensive enterprise in the history of the world. Yet we're not getting out of it anywhere near what we pay in.

If it were run like a business, you'd invest $1 in taxes and the government's value would be $2. Instead, they TAKE $1 and give $.10 in value.

I think we actually kind of agree on this. I'm saying that part of the reason the results are bad is that we are unwilling to pay the going rate for top managers (with the one exception being football coaches). Naturally if you hire the bottom of the barrel, you get bottom of the barrel results. Top government employees are corrupt at least partially because they aren't fairly compensated. Because of the low pay, you attract (a) the rich, (b) the incompetent, (c) the corrupt, and (d) the people who genuinely want to serve and don't care about money. Unfortunately, there aren't enough of (d) to fill all the positions (and it is hard to tell ahead of time which ones are (d) and which are just pretending to be (d)).

barfo
 
If it were run like a business, you'd invest $1 in taxes and the government's value would be $2.

I think that is a very misleading analogy. We aren't investors in the government. We are customers of the government. We aren't buying stock in the government when we pay our taxes. We are buying services. So the right question is, does the government provide $1 of services for $1 of taxes?

[We are also owners of the government, but we don't have to pay for that - we inherited the stock].

barfo
 
I think we actually kind of agree on this.

And you call my views extreme.

I'm saying that part of the reason the results are bad is that we are unwilling to pay the going rate for top managers (with the one exception being football coaches). Naturally if you hire the bottom of the barrel, you get bottom of the barrel results. Top government employees are corrupt at least partially because they aren't fairly compensated. Because of the low pay, you attract (a) the rich, (b) the incompetent, (c) the corrupt, and (d) the people who genuinely want to serve and don't care about money. Unfortunately, there aren't enough of (d) to fill all the positions (and it is hard to tell ahead of time which ones are (d) and which are just pretending to be (d)).

barfo

People don't and shouldn't serve in government for the pay. It should be about public service.
 
The solution to deficits is socialist altruism, right?

Hell no.

The solution to deficits is to spend only what the govt. takes in, and it shouldn't take in all that much.
 
And you call my views extreme.

Indeed I do.

People don't and shouldn't serve in government for the pay. It should be about public service.

I think that view is dangerously naive, albeit widely held. People who think government should be "run like a business" in particular should not hold that view.

barfo
 
Indeed I do.



I think that view is dangerously naive, albeit widely held. People who think government should be "run like a business" in particular should not hold that view.

barfo

People who think govt. should be run like a business mean it should be efficient, fiscally sound, and to do what's best for the shareholders (that would be us).

The whole point of not paying public workers high salaries is that government isn't supposed to be royalty.
 
People who think govt. should be run like a business mean it should be efficient, fiscally sound, and to do what's best for the shareholders (that would be us). The whole point of not paying public workers high salaries is that government isn't supposed to be royalty.

Trying to have your cake and eat it too. I thought that Republicans believe that efficiency comes from paying the top people multiples of what the bottom people make. How can the government be efficient if you won't let it have a class system?
 
Trying to have your cake and eat it too. I thought that Republicans believe that efficiency comes from paying the top people multiples of what the bottom people make. How can the government be efficient if you won't let it have a class system?

The guys at the top of corporations make .05% of the company's revenues. It's generally been that way for big companies for decades. The rest of the workers get 50% of the revenues, typically.

The president of the USA makes what Bill Gates made for most of his career at Microsoft. It's $400K/year more than Steve Jobs made.

Granted, the president makes a fraction of what Saddam made. I don't see why you'd argue for a system like they had.

Government should be the employer of last resort, not competing with the private sector for people looking to make a buck.
 
Our government is the most expensive enterprise in the history of the world. Yet we're not getting out of it anywhere near what we pay in.

Not per capita, taking inflation into account.

The Roman Empire or any king's reign in England were even more predatory in their taxation, and provided almost no services at all to the masses.
 
The guys at the top of corporations make .05% of the company's revenues. It's generally been that way for big companies for decades. The rest of the workers get 50% of the revenues, typically.

The president of the USA makes what Bill Gates made for most of his career at Microsoft. It's $400K/year more than Steve Jobs made.

None of this is actually "true".
 
None of this is actually "true".

It's entirely true.

I'll use Disney as an example, since their CEO makes an obscene $150M a year. Their revenue is $38B. $150M / $38B = .0039 (.4%).
 
I'd add that in 2008, Disney paid Johnny Depp $60M to appear in the latest Pirates movie.
 
The guys at the top of corporations make .05% of the company's revenues. It's generally been that way for big companies for decades. The rest of the workers get 50% of the revenues, typically.

Ok, so according to your numbers, the president should be paid around $10 billion per year. Maybe less, though, since the president has more limits on his power than a CEO does.

The president of the USA makes what Bill Gates made for most of his career at Microsoft. It's $400K/year more than Steve Jobs made.

How are those examples relevant? You surely know that they owned stock.

Granted, the president makes a fraction of what Saddam made. I don't see why you'd argue for a system like they had.

You could just as easily make the case that Saddam had a 'S' in his name, so we shouldn't have presidents who have 'S' in their name.

Government should be the employer of last resort, not competing with the private sector for people looking to make a buck.

Why? Why would you want a huge enterprise run by anything less than the best people? The only logical reason to do that is if you want it to fail. And I suppose you probably do.

barfo
 
The whole point of not paying public workers high salaries is that government isn't supposed to be royalty.

So, paying someone a fair wage turns them into royalty? And this is a big danger in 2011? We should have a shittier government than necessary because we might start calling Nancy Pelosi "Princess" if we paid her more money?

If that's really 'the whole point' of paying crappy wages to government employees, I'd say it's pointless.

barfo
 
I don't want government run by people who are in it for the money. I want government that is run by rather ordinary people who've succeeded in the private sectors, who serve for just a few years, and then they go home to do whatever it was they did before serving.

How many $100K a year private sector workers do you have to tax to pay King Obama $10B?
 
I don't want government run by people who are in it for the money. I want government that is run by rather ordinary people who've succeeded in the private sectors, who serve for just a few years, and then they go home to do whatever it was they did before serving.

And will they have tea parties with the fairies and unicorns that live on the capital lawn? And, oh, let's make the white house really really tall, so that you can touch the moon from the window.

barfo
 

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