City commission worksession is today at 5:30 p.m.
Also tomorrow, 6:30 p.m., there will be a dedication ceremony at the new Bulldog Stadium, . and the first game to be played there will follow at 7 p.m.
On tonight's agenda with the city commission:
Adopting a policy tto have potential city board appointees fill out a "form of interest" .. Remember people objected to the word "application" last time.
Approving an agreement with the schools to use the City Police drug dog for random drug sweeps. Schools do this already, but are currently hiring an out of town operation to do it.
Warrant checks for 2008. These are checks the city has written that people or businesses have not cashed.
Rezoning at 836 E. Kansas from residential to industrial
Preliminary plat of Meadows Edge subdvision.
Walnut Valley fesival is rolling. Hope the weather cooperates.
Still having technical difficulties. CHeck back to see if the live blog is happening. At this point it is 50-50 ... my laptop has some sort of electrical problem which makes it shut off without warning, which would be a major pain if that were to happen in a live blog. so ... we shall see.
Off topic, if you don't mind. What do you make of County Commission's agreeing to allow Mr. Alsup to "retire" & then "rehire" him. I think in order to skirt KPERS payments or something. Any thoughts anyone?
ReplyDeleteNot recommending them, but have you heard of McDonalds Computer Repair? BTY, they are on the West side of Summit now, not East as your add says. :)
ReplyDeleteIve not had time to change mcdonalds ad. Ill get to it when i get to it. :)
ReplyDeleteIf you are on the wrong side of summit and can't find it ... im not sure having the right place would help.
On county commission and alsup .. ive heard of people doing that sort of thing. Teachers can now retire, get Kpers, and keep teaching...
Seems kinda weird to me. get your retirement pay and go back to work, get your salary And retirement pay.... what a deal.
I had not heard of such. guess I need to get out more. smacks of a scam to me. then agin...maybe i'm just old and need to be put out to pasture. newfangled retirment/rehirment programs & such.
ReplyDeleteUnfortnately the Alsup deal is legal. Doubt it passes the smell test. While I for one do not think he's a good person, let alone administator, we obviously need something as the three commissioners and commissioner in waiting sure are't making responsible decisions. Note Alsup is not the first adminstrator, it was Jay Newton and in his first budget he cut over 80k.
ReplyDeleteremember this is a special retirement program called in addition to and not connected to social security.
ReplyDeletethese individuals pay into the account while employed some match is amde by the employer, then after reaching 85 points, years of service + age they can take full retirement
often times they choose a large lump sum and a small pentance check.
you can do this yourself by setting up your own IRA retirement account or joining a credit union with a Roth retirement option
Smart managers of money do more with it than spend it and those who spend it have noen left for retirement
the only deal with KPERS is it is managed by a state organisation and backed by the FDC as it is a state government retirement program.
Most employees are too old to find gainful employment after attaining the 85 points.
Although i think he is a waste of money and time he is takeing what he has worked for with no penalty.. KUDOS we should all be so smart
First: KPERS is Broke according to a Kansas University Study! (It can't meet all its future obligations as currently funded.)
ReplyDeleteSecond: The employees do contribute to the plan and they do take distribution in differnent ways - one can be a lump sum distribution.
Third: There is a magic number which is years of service plus age. (85 for some).
Fourth: They do invest the KPERS money in various vehicles to try and maximize the return on money. (KPERS lost 30 million on Enron.)
Fifth: KPERS is backed by the State and is the obligation of the State taxpayers. (KPERS was recently unfunded for its obligations by something like 8 billion dollars!)
Sixth: While the numbers change with investments contributions and distributions!
KPERS was distributing something like 1 billion
a year with assets close to 10-12 billion.
(10-12 years)
Seventh: KPERS has stated there is no way they believe they can invest their money to become solvent!
I think there is a movement by those who are fully vested and meet the age requirements to lock in their benefits before KPERS is forced to make radical changes to its programs!
But the reality is - they can retire as early as their 50's+ while the trend for the general public retirement age for Social Security is
being raised! (SS is also broke!)
Sidenote: Most of those who choose to retire and continue to work do it for the benefits like Health Insurance! Which rises with age!
(often as high as $800.00-$1000.00/month)
Btw: The unfunded obligations of KPERS and the new obligations to Medicare by Obamacare?
ReplyDeleteKansas Taxpayers are TOAST!
@6:42 shhhhh....they don't want to hear that. They are like the little kids who say "not listening..not listening..." We tried to SHOUT this while they were ramming it thru...but it fell on deaf ears... Now what?
ReplyDeleteI wonder why alsup is comming back with more pay 2,000 when the other county employees are not getting a raise. don't know many county workers getting 107,000 per year.d
ReplyDeleteSorry, should have been "Medicaid"!
ReplyDeletebut it fell on deaf ears... Now what?
CAN YOU HEAR ME NOW!!!!!!!!!!!
Alsup paid his dues he is due what he has worked for, do not be a hater because you have not thought about the future
ReplyDeletei agree with you, if you join the military at 18 you can retire at 45 years old full bennies and life time medical
ReplyDeleteand still get another job and work till your 67 and take a second retirement with SS
That job too is tax payer funded, my advice is get a government job
That job too is tax payer funded, my advice is get a government job
ReplyDeleteWell the good news is there is only a five billion dollar unfunded liability to the taxpayers not eight billion (as in 2008)!
What a relief!