Nobody is worth six figure pensions in Government. Talk about tax payer's money being wasted.

Some federal pensions pay handsome rewards

Originally Posted by Posh 08

Nobody is worth six figure pensions in Government. Talk about tax payer's money being wasted.

Some federal pensions pay handsome rewards

Read the article close and you see it is 1.2% of the Federal retirees getting that much pension money. Most are the retired Law Enforcement Officers.

The average is $33,000 per year for the other 98.8% of Federal retirees.

Originally Posted by Posh 08

Nobody is worth six figure pensions in Government. Talk about tax payer's money being wasted.

Some federal pensions pay handsome rewards

were the private sector corp execs worth the golden parachutes they received after they tanked their companies or failed for other reasons or just retire? no! but people still continue to purchase their products or make deposits in their banks! i venture to say that we got more for our tax dollars paid to govt employees than we did from economic prowess of these execs.

Another Corporate Outrage:
"Leo Apotheker received a severance package worth $13.2 million in cash and stock for his 11-month tenure as CEO of Hewlett-Packard.
Mark Hurd received more-than $12 million than his predecessor after being ousted from HP following a scandal.
Hurd's successor, Carly Fiorina got more than $21 million in severance when she left the firm in 2007.
CEO Meg Whitman has received a package worth over $13 million.
Robert Kelly received $17.2 million in severance after being ousted from the CEO job at Bank of New York Mellon last month.
Carol Bartz left Yahoo with nearly $10 million in cash and stock options after being fired from the top job at The Daily Ticker's parent company.
John Chidsey received almost $20 million from Burger King when he left in April.
Baxter Phillips was awarded nearly $14 million after his company, Massey Energy, was sold to Alpha Natural Resources in June.
Ian McCarthy walked away from Beazer Homes with about $6.3 million in severance, even after being forced to repay his original package after the company settled with the SEC for filling misleading statements. Beazer even reimbursed McCarthy for up to $10,000 in legal fees.
By comparison, the $1.6 million severance awarded to former UBS CEO Oswald Grubel, who stepped down after a 'rogue trader' cost the firm $2.3 billion, is but a pittance."
It Pays to Be a High-Level Business Failure - Business - The Atlantic Wire
"Ina Drew, leader of JPMorgan Chase's hedging unit.
How much she failed: It's hard to beat this. The losses at the unit she was in charge of could exceed $3 billion, the news of which has already evaporated $19 billion from JPMorgan's market capitalization in two days of trading, reports Reuters. How golden is her parachute? $14.7 million. That's according to JPMorgan's last annual proxy statement, which says she's entitled to the mammoth sum in stock awards "provided she had met 'full-career eligibility."
"Brian Dunn, CEO of Best Buy. How much he failed. Dunn left the company following an "extremely close" relationship he had with a 29-year-old employee. How golden is his parachute? $6.6 million."
"Scott Thompson, CEO of Yahoo How much he failed: He was only CEO of four months until he got fired for mishandling a scandal over his academic credentials. How golden is his parachute? $7 million."
and another article:
How CEO "golden parachutes" hurt shareholders - CBS News