tag:blogger.com,1999:blog-5067361049814621194.post3498753852770567683..comments2024-03-10T17:17:00.115-04:00Comments on Dekalb Officers Speak: Volunteer Help WantedUnknownnoreply@blogger.comBlogger41125tag:blogger.com,1999:blog-5067361049814621194.post-73014394883238472152014-05-14T19:01:50.056-04:002014-05-14T19:01:50.056-04:00Thanks for your response Mr Wall.Thanks for your response Mr Wall.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-83498364081693521232014-05-13T22:08:39.937-04:002014-05-13T22:08:39.937-04:00Yea lets see how it fairs when new laws go into ef...Yea lets see how it fairs when new laws go into effect Jul 2014. That's when the Feds stop printing money and the bottom falls out of everything financial.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-27168627755294742362014-05-13T16:42:04.396-04:002014-05-13T16:42:04.396-04:00Thanks Mr Wall....we really appreciate your respon...Thanks Mr Wall....we really appreciate your response.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-39726052139579731582014-05-12T16:14:54.663-04:002014-05-12T16:14:54.663-04:00The County is contributing what they are told to d...The County is contributing what they are told to do by the Actuary, Segal. <br /><br />In no case are they putting in less that the minimum contribution that is required. This year they will put in approx $45 million and employees approx $30 million. <br /><br />What we need is the assets of $1.3 billion to earn greater than 7.50% to gain on the unfunded liability. <br /><br />One thing the Pension Board did last year was to adopt a 30 year "closed" funding plan. In other words make it like a 30 year mortgage. After 30 years or before, it will be fully funded. <br /><br />If the assets don't grow more than 7.50% consistently, the required annual contribution from the County and employees will increase to fund it. <br /><br />I hope that answered your question <br /><br />Ed Wall<br /><br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-16483342466604457082014-05-12T10:35:30.272-04:002014-05-12T10:35:30.272-04:00"Your Pension Plan works the same way. Your u..."Your Pension Plan works the same way. Your unfunded amount of 32% or $600 million will be paid in full by your contributions and the county contributions plus the earnings on the $1.3 billion in assets in the next 30 years."<br /><br />Mr Wall..thanks for your comments but as I understand it the county is not doing it's part with their contributions to the pension...is that accurate or not? Thnaks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-89160120546878635242014-05-10T10:08:53.311-04:002014-05-10T10:08:53.311-04:00ip addresses collected? Who gives a ratz azz.ip addresses collected? Who gives a ratz azz.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-40577099125448056822014-05-09T15:46:33.713-04:002014-05-09T15:46:33.713-04:00Terrell, is that you?Terrell, is that you?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-20458361023840069312014-05-08T20:31:45.909-04:002014-05-08T20:31:45.909-04:00Don't bother with anonymity guys, ip addresses...Don't bother with anonymity guys, ip addresses have been being collected here for some time now. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-38740157438282299332014-05-08T18:24:42.217-04:002014-05-08T18:24:42.217-04:00I don't think that we are getting good returns...I don't think that we are getting good returns on our pension and I don't think we are getting acceptable representation or communication from our long distance retiree rep either.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-56798060813002764292014-05-08T08:47:47.885-04:002014-05-08T08:47:47.885-04:00Mr Wall,
If this in fact you, I am just a little ...Mr Wall,<br /><br />If this in fact you, I am just a little confused.<br /><br />Back in January of this year, it was reported that the pension fund was around 63% funded. Are we up 5 points in these past 4 months ? If we are, that is great. I understand that minutes from the last meeting in March cant be posted until they are approved in the upcoming meeting next week. <br /><br />Can GA law circumvent Federal Law with regards to chapter 9 bankruptcy filings ? Last I checked, the FEDS trump all.<br /><br />http://www.washingtonpost.com/blogs/govbeat/wp/2013/12/03/judge-declares-detroit-eligible-for-chapter-9-bankruptcy/<br /><br />There is just a ton of distrust between DeKalb County's employees and those that run or manage the county and anything associated with it. That is what happens when employees are lied to, cheated, and get treated like crap for an extended period of time. <br /><br />Serenity NowAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-10116110798611179112014-05-07T18:11:17.392-04:002014-05-07T18:11:17.392-04:00Guess you see what your take-homes got ya (5 day w...Guess you see what your take-homes got ya (5 day work week). Think I'd prefer 52 to being there 5 days a week.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-43528598150178037292014-05-07T09:13:33.222-04:002014-05-07T09:13:33.222-04:00To anon at 1105. POAB is a must for everyone. ALL ...To anon at 1105. POAB is a must for everyone. ALL new officers MUST sign up. POAB is a state funded pension by the tickets, court fines etc. we all write. <br />It pays $24.41 for each year of Ga. law enforcement service and you are vested after 15 years of service.<br />Its the county that has issues. <br />PROMOTE the POAB to all your academy members. 1086noreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-68933465607011557212014-05-06T20:00:11.712-04:002014-05-06T20:00:11.712-04:00Not going to the 5/2....but only one off a time?!?...Not going to the 5/2....but only one off a time?!?! Guess only time off will be "sick days".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-68422643072868503952014-05-06T15:28:41.877-04:002014-05-06T15:28:41.877-04:00DeKalb retirement board, my goal is not to make tr...DeKalb retirement board, my goal is not to make trouble but expand communication between between the pension board, retirees and the employees. <br />Four months between publishing board notes is unacceptable.<br /><br /><br /><br /><br /><br /><br /><br /> LoFlyerhttps://www.blogger.com/profile/05740846181222858630noreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-40407303622551565342014-05-06T14:43:50.564-04:002014-05-06T14:43:50.564-04:00To Anonymous at 1105,
Your post made no sense. Ta...To Anonymous at 1105,<br />Your post made no sense. Take a deep breath and try again!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-9536578289434100872014-05-06T13:51:42.643-04:002014-05-06T13:51:42.643-04:00The POAB is solid... the discussion is in referenc...The POAB is solid... the discussion is in reference to the county pension.... 82% after 30 years for me.... 62% after 30 for you. <br /><br />POAB follows you so long as you are working as a LEO in Georgia.... you are vested after 15 years... previously 10... if you get out of Georgia law enforcement before 15 years as a member, you can get a portion refunded but no pension. Curently, the POAB pays retirees $24.41 per year of service.<br /><br />The POAB retirement age is 55 but don't quote me... not 100% sure.... <br /><br />After ten years of service, you can start collecting a county pension at 55 without penalty.<br /><br /> There is the issue of the county pension being under funded. Take time to meet with Mike Martin, the investment counselor/ financial advisor from in-service.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-20958369783851762832014-05-06T11:08:20.863-04:002014-05-06T11:08:20.863-04:00FYI for any "financial advisor" on here:...FYI for any "financial advisor" on here: An average return is 10% a year thus doubling asset equity every decade. In a stable market this is true of stocks and housing appreciation. In short, Dekalb pension fails to meet standards.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-88014294864838820302014-05-06T11:04:25.191-04:002014-05-06T11:04:25.191-04:00And the hits just keep on coming.And the hits just keep on coming.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-64236473746270513432014-05-05T15:30:40.560-04:002014-05-05T15:30:40.560-04:00Blogmaster:
How about an open comments section re...Blogmaster:<br /><br />How about an open comments section regarding the 5/2 for uniform ? I know many are now on the 5/2 but I have a few things I want to get off my chest and also some suggestions that the dept could do instead of going to the 5/2<br /><br />Serenity NowAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-60457847318001662982014-05-04T04:48:20.281-04:002014-05-04T04:48:20.281-04:00Just so everyone is clear the uniform division of ...Just so everyone is clear the uniform division of Dekalb County Police Dept will be going back to a 5/2 work schedule. By doing this it will help to increase manpower in the precincts. The plan is already being implemented and the schedules worked out. Stand By for more info regarding this subject!!<br /><br />Hang in there guys!!<br /><br />FredFrednoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-9564797613980031132014-05-03T23:05:19.955-04:002014-05-03T23:05:19.955-04:00I'm a new officer and wanted someone to let me...I'm a new officer and wanted someone to let me know what pension discussion this is. I signed up for one the POAB for $20 month. Is it this one that has issues or the one the county takes money from fo me...<br /><br />Thanks alotAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-79912978151276170212014-05-03T08:53:07.436-04:002014-05-03T08:53:07.436-04:00Georgia law does not allow cities and counties to ...Georgia law does not allow cities and counties to declare bankruptcy. Y'all have heard of Chapter 7, Chapter 13 and Chapter 11. Those are sections under the US Bankruptcy Code. The chapter for municipal governments is Chapter 9. <br /><br />Ga law does not all cities and counties to file Chapter 9 like Detroit has done and Jefferson County, Alabama has done. <br /><br />Your Pension Plan had $1.1 billion in assets in 2007. In 2008, the Great Recession hit and your plan's assets fell to $800 million. <br /><br />Total it has $1.3 billion and the liabilities are $1.9 billion making it approx 68% funded. <br /><br />I want y'all to think of it like a 30 year mortgage on your house. How many if you have enough assets to completely pay off your house mortgage today?<br /><br />Probably not many. But for those who don't, you are probably current with your payments and the good Lord willing will be able to continue to work and pay it off completely in 30 years or less. <br /><br />Your Pension Plan works the same way. Your unfunded amount of 32% or $600 million will be paid in full by your contributions and the county contributions plus the earnings on the $1.3 billion in assets in the next 30 years. <br /><br />The County cannot under current Ga law get out of its obligations through bankruptcy. <br /><br />Ed Wall<br />Member<br />DeKalb Pension Board Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-72260717747627986332014-05-02T11:54:57.294-04:002014-05-02T11:54:57.294-04:00The DeKalb FOP has members at every pension board ...The DeKalb FOP has members at every pension board meeting. Then they put out a report to all members about what happened at the meeting. If you were a member, you would be getting those reports. <br />The Pension Board fires financial groups that get a portion of the money to invest all the time for underperforming. I personally think they are doing well under the economic situation the United States is in. <br />As far as it being 1.2 billion for a long time, that is incorrect. It went way down during the financial crisis of 2008. It has just now gotten back up to over 1 billion. <br />I welcome anyone to come to the Pension Board meeting. I'll even see you there. <br />Hoka hey everyone!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-51469650822395922652014-05-02T11:23:10.244-04:002014-05-02T11:23:10.244-04:00Thanks Ken C.!Thanks Ken C.!DeKalb Officershttps://www.blogger.com/profile/05552127735046540452noreply@blogger.comtag:blogger.com,1999:blog-5067361049814621194.post-58985883889736305042014-05-02T10:16:39.036-04:002014-05-02T10:16:39.036-04:00The three P's: Piss,Poor,Planning ! Must be pa...The three P's: Piss,Poor,Planning ! Must be part of that "We's in charge now! This sh*ts gonna change"!! rednoreply@blogger.com