CARS HOMES JOBS

Don’t be in such a rush to abandon state pension plan

Thursday, February 28, 2013
Text Size: A | A

Don’t be in such a rush to abandon state pension plan

Your Feb. 22 editorial [“Pension Fund’s real problem”] was a disservice to working-class New Yorkers and beneath your normally high standards.

The editorial called for switching the state’s pension fund “from the traditional defined-benefit plan to a 401(k)-style defined-contribution plan.” Your justification for this radical change noted that pension obligations have been going up and that the only way to pay for it was to “hit [local] governments and school districts with larger [employer] contributions,” followed by your unsubstantiated assertion that “this is a trend that will continue for the foreseeable future.” I’m unsure how you arrived at this conclusion, but allow me to offer some perspective.

In 1974, the employer contribution rate to the Employee Retirement System was 21 percent, close to this year’s rate. From 1976 to 1982, the rate was between 15 and 20 percent. And for the 15 years from 1989 to 2003, the rate was below 5 percent. Since history shows economic booms and busts are rather cyclical, how did you conclude that this latest bust was going to continue for so far into the future as to warrant a dismantling of New York’s long-standing successful pension program?

You also have the effrontery to describe Gov. Cuomo’s proposal to allow employers to amortize their recently increased payments as a “gimmick.” And you belittle the fact that while the pension fund is now up to $150 billion (up from its $109 billion value after the 2009 stock market crash), it was “still not back to its historic high of about $154 billion in spring 2008.” You’re going to use that failure to reach a historic high as a reason to kill defined-benefit pensions? It seems to me that your conclusion was not driven by evidence, but rather the other way around: You first concluded that defined-benefit pension plans should be eliminated and then searched for evidence or concocted a prognostication to justify it.

Picture New York’s economy as a large ocean liner, chugging away on a vast and sometimes stormy sea because of the efforts of its hardworking crew.

As crew members reach retirement age, they jump overboard with whatever retirement protections they have. A few of them (millionaires) quickly board yachts, no need to worry about them. Some of them have lifeboats (defined-benefit pensions) that were built aboard the ocean liner. But most have only small life preservers (401(k) plans) that barely allow them to keep their heads above water. You look out from the bridge of the ocean liner and see unfairness in the water below.

Instead of trying to figure out how we can construct more, albeit possibly smaller lifeboats, your solution to achieve fairness is to stop building lifeboats altogether. Thank goodness elderly New Yorkers have Comptroller Tom DiNapoli protecting the lifeboats.

Jerry Jasinski

Niskayuna

Letter writer wrong to bash Catholic Church

Re James Gillian’s Feb. 22 letter, “Praise Price Chopper for demolishing church”: Here he took the opportunity to blame the Catholic faith for all his years in therapy dealing with issues caused by his connection to this faith, calling it one of the most repressive organizations in the world’s history.

I beg to differ with Mr. Gillian. I have been a practicing Catholic my entire 68 years, and I can personally testify I know it to be one of the most sincere, endearing, community-oriented, Bible-based faiths in existence.

I am a woman and have never felt that my faith considers me less equal to men in any way. I feel his statement that the faith treats women unequally depends on what one considers equal. Since he is a man, he is not qualified to make that assumption!

His letter continued to bash my faith in several other ways that I feel are opinionated and without merit. Gays are oppressed, he claims — wrong, again. I personally know people from the gay community who attend mass regularly.

He claims there is a laundry list of molestation abuses. He does not mention those lists also exist in every walk of life — such as doctors, teachers, sports, child care, etc.

Child molestation is terrible and should be dealt with severely in any profession, but I will not allow someone to single out my Catholic faith without informing him that molestation is everywhere. I believe he knows that, but it was Catholic bashing on his agenda.

Betty Santabarbara

Rotterdam

Evidence of government gone awry is everywhere

If living in this country means living in fear, then there is something really wrong with our government.

In the Feb. 21 Gazette, I read not one, but two, articles that made me think we have gone way far to the left — and not for the better.

The first article [“Firefighter residency rules pose questions”] had to do with where several fire department employees lived and that the law only applies to New York City. Are they special?

People are supposed to have the right to live and work where they want in this country. If it is so important that they live in the county, then why do we subcontract work out of the county and even out of the state? The county can’t have its cake and eat it, too.

Mr. [Schenectady Fire Chief Michael] Della Rocco is an outstanding individual who worked his way up through the ranks and shouldn’t be chastised or penalized for where he lives!

The second article [“DOT worker muzzled, forced into retirement for press comments”] had to do with the DOT harassing one of its engineers for giving an interview to the Adirondack Daily Enterprise.

Mr. [Public Information Director William] Duffy is the one who should be called out on the carpet for not doing his job; the reporter tried twice to contact DOT — with no results until after the fact.

Mike Fayette should be reinstated to his position and DOT’s policies should be challenged. Our constitutional rights are being trampled on every day by people who have no right to do so.

Robert V. Pandori

Broadalbin

Mainstream media hiding the ugly truth

While Obama continues his message of “tax, spend, blame and repeat,” another message is running on the billboards in Time Square. It reads “It’s time the liberal media start telling the truth.” The message is above an image of three monkeys labeled ABC, CBS and NBC, in a see-no-evil, speak-no-evil, hear-no-evil pose.

Anyone watching these three networks has no clue about the real disaster happening in America. They continue to drink their Kool-Aid and think everything is fine and dandy; and if they don’t like something, they just blame it on Bush.

Hopefully, the American voter will soon wake up from their rose-colored dream and see the real nightmare that is upon us.

Stephen Desmonie

Scotia

Letters Policy

The Gazette wants your opinions on public issues.

There is no strict word limit, though letters under 200 words are preferred.

All letters are subject to editing for length, style and fairness, and we will run no more than one letter per month from the same writer.

Please include your signature, address and day phone for verification.

For information on how to send, see bottom of this page.

For more letters, visit our Web site: www.dailygazette.com.

 
Share story: print print email email facebook facebook reddit reddit

comments

February 28, 2013
6:07 a.m.
muggy says...

Stephen. There's one person in the MSM that isn't hiding the truth. That's Watergate's Bob Woodward who is now being threatened by the Obama Administration. Someone from the White House emailed Woodward yesterday telling him, "you will regret doing this." I guess "doing this" is code for telling the truth about who came up with the idea of sequestration, which Woodward says was Obama himself. Do you think this is the only instance of the White House threatening reporters? Let the unraveling of this administration's bullying tactics begin.

February 28, 2013
1:05 p.m.
stockadian says...

Muggy. It is a shame that you have so misrepresented the facts over the Bob Woodward story. No he was not threatened. If you would simply read the actually email exchanges, you would see that there was no threat and Mr. Woodward, who is a fine journalist also says there was none. Why those on the right, who will do anything at all, even create falsehoods to discredit the White House do so, is way beyond me.

Here are the actual quotes from the emails:
From Sperling to Woodward.....I apologize for raising my voice in our conversation today. My bad.......I do truly believe you should rethink your comment about saying saying that Potus asking for revenues is moving the goal post. I know you may not believe this, but as a friend, I think you will regret staking out that claim. The idea that the sequester was to force both sides to go back to try at a big or grand barain with a mix of entitlements and revenues

From Woodward to Sperling:You do not ever have to apologize to me. You get wound up because you are making your points and you believe them. This is all part of a serious discussion. I for one welcome a little heat; there should more given the importance. I also welcome your personal advice. I am listening. I know you lived all this. My partial advantage is that I talked extensively with all involved. I am traveling and will try to reach you after 3 pm today. Best, Bob

What does the RIGHT WING do with that? Call it a treat? Even though Mr. Woodword says he welcomes Mr. Sperling's advice? Amazing what has happened to intelligence in this country. Learn to read the facts before telling us what you think happened, Muggy.

February 28, 2013
2:49 p.m.
albright1 says...

Stockadian, why don't you offer some substantiative comments instead of trying to belittle people because of the spelling or punctuation, etc. The Whitehouse released those emails to the Politico website at 8:30 am this morning. Mr. Muggy posted his comment at 6:07 am. Mr. Muggy based his comments on what Bob Woodward actual said. You owe Mr. Muggy an apology.

February 28, 2013
3 p.m.
stockadian says...

Albright1, If Muggy can quote for me (real quotes, and sources) where Bob Woodward stated he had been "threatened" and is now retracting his words about being threatened, by publishing the actual emails, I will issue an apology to Muggy. But it is more likely that Muggy, like others on the right, jumped on the band wagon to use any little tidbit to find criticism of the White House before all the facts were in. If that is indeed the case, Muggy owes the readers of these letters an apology.

February 28, 2013
3:14 p.m.
albright1 says...

OK here you go on your favorite channel no less....http://thehill.com/video/administration/285423-woodward-claims-white-house-threatened-him

Quick, go listen, then come back and apologize because I'm sure study hall is almost over and the buses are waiting out front of the school

February 28, 2013
5:37 p.m.
wmarincic says...

The short bus no less.

February 28, 2013
7:16 p.m.
stockadian says...

Really grow weary of people like you, Albright, and your lap dogs, Wmaarincic, and Muggy changing words, reports, misquoting others, etc. along with the name calling. But thank you for the source, by the way. No where in your source does Bob Woodward use the word "threatened" as does Muggy. He says the words that later the emails confirm….that he would regret doing this. The emails then explain what he meant. The quote from the email is "I know you may not believe this, but as a friend, I think you will regret staking out that claim." And how did Woodward's email answer that? "I also welcome your personal advice" Now show me where there is a THREAT there, or even in the source you have sent me to prove that I owe Muggy an apology.

Grow up. Your little network of attack dogs need to learn to use sources to your advantage and stop acting like middle school children.

February 28, 2013
7:46 p.m.
stockadian says...

By the wmarancic, your use of the phrase, "the short bus" is not veiled enough. You should be ashamed!

March 1, 2013
5:48 a.m.
Phils2008 says...

Woodward “repeated the last sentence, making clear he saw it as a veiled threat. “ ‘You’ll regret.’ Come on,” he said. “I think if Obama himself saw the way they’re dealing with some of this, he would say, ‘Whoa, we don’t tell any reporter ‘you’re going to regret challenging us.’” The only one here misrepresenting anything is Stockadian. If Woodward had not thought it was a threat, there would be no story. Again for the sake of left wing politics, Stockadian chooses to ignore simple common sense. The only thing we can all disagree with Woodward on, is the part about "Buma saying whoa!

March 1, 2013
7:25 a.m.
wmarincic says...
(This comment was removed by the site staff.)
March 1, 2013
10:26 a.m.
wmarincic says...

Really Gazette you deleted that and yet posted a letter calling a contributor names? Give me a break.

March 1, 2013
10:30 a.m.
wmarincic says...

So Gazette let me know where to draw the line. Stockadian above can call me a lapdog and that is acceptable but I can't say that he is uneducated? Is that the line or is there a diferent line for conservatives and liberals?

Log-in to post a comment.
 

columnists & blogs


Log into Dailygazette.com

Forgot Password?

Subscribe

Username:
Password: