“Best Blogs of the Week”
(Edited for grammar and punctuation)
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Some ball park numbers of Fire Department Retirement Sunday, 12/28/08, 6:27 AM If Cindy Richenberg lives to her 80¿s she will receive $2,205,000.00 in retirement benefits from you and me under the fire department contract ($63,000 a year). We way they have the contract all of the fire fighter get $2,205.000.00 (3 men on a truck, everyone retires a Lieutenant). What would a regular city employee get after 25 years of service and say a $35,000 annual salary? First, the regular city employee would have to wait until he or she was 62 to start drawling the benefits. On average the city employee would receive $17,778.00 a year or a total of $320,040.00 in their lifetime. The difference $1,884,960.00. The entire Fire Department Budget is something like 7 million a year. Clearly this is the road to bankruptcy.
Sunday, 12/28/08, 1:03 PM I sure would like to read so updated and fresh opinions on this website. Okay, so Cindy Richenberg has a very lucrative retirment benefit that the city gave her and we, the voters, permitted it to happen. Now let's focus on encouraging our city commission to make major reform to the police and fire pension plans as well as stopping the "deficit spending" which I interpret as tapping reserves to balance the budget. This city cannot continue to balance the budget with one time revenue like reserves or carry- over from the prior year.
Sunday, 12/28/08, 12:07 PM Communities can receive excellent service for less cost by contracting for fire services from Rural/Metro, the leading provider of private sector fire protection in the United States. As a private company, Rural/Metro must provide excellent service and be economical to remain competitive. Rural/Metro's innovation allows the company to be extremely adaptive and capable of serving many differing emergency service environments. In some communities we serve, the local government contracts with Rural/Metro to provide fire protection services. We become the community's fire department and are accountable to the local government for our performance and activities. These "master contracts," formed primarily with incorporated municipalities and fire districts, are funded through the tax base. In other areas we serve, the local government does not provide fire protection services, and/or there is no tax base to support fire protection services. In these areas, Rural/Metro contracts directly with individual home and business owners who pay annual subscription fees for fire protection. Even in these areas, Rural/Metro works closely with local governments to ensure high quality performance. Regardless of which method provides the funding for our fire department, we are proud that our costs for the services we provide are generally lower than that of comparable communities. Every community has a finite amount of money to spend on emergency services. Rural/Metro works wisely and innovatively to ensure the community receives exceptional service and value for the money it spends on emergency services.
Monday, 12/29/08, 4:20 AM It seems that my posting (12-25-@6:57 AM) on the letter to the UC (Rodi) from FRCAC has got me in trouble! I in my desire to make public information that I felt was important to the Citizens of NSB I seem to have forgotten the E-Mail tag " The Information contained in this E-Mail is for the Ect,Ect,Ect.". Please note Smyrnaborn Will Not ever post again anything about the U.C. Email: smyrnaborn
Tuesday, 12/30/08, 7:13 AM The city has all sorts of options available to lower the costs of the firefighters pension system. #1. Increase employee contribution rates. #2. Set the retirement age at 55 #3. Lower the multiplier #4. increase the number of years they use to calculate benefits or they could simply eliminate Longevity and Educational Incentive pay and hold the line on future raises because every time the city hands them a raise, pension costs increase. BUT THE FIRST THING THEY NEED TO TELL IS; THE PARTY IS OVER! BECAUSE LITT TOOK AWAY THE PUNCH BOWL!
For a very good discussion of the current pension funding problems in New Smyrna Beach, look at the Blogs from Tuesday late morning and afternoon.