{"id":6477,"date":"2010-06-05T15:12:14","date_gmt":"2010-06-05T20:12:14","guid":{"rendered":"http:\/\/brianjnoggle.com\/blog\/?p=6477"},"modified":"2010-06-05T15:12:14","modified_gmt":"2010-06-05T20:12:14","slug":"another-government-cut-that-costs-more","status":"publish","type":"post","link":"https:\/\/brianjnoggle.com\/blog\/2010\/06\/05\/another-government-cut-that-costs-more\/","title":{"rendered":"Another Government &#8220;Cut&#8221; that Costs More"},"content":{"rendered":"<p>In time of a recession, bonuses come under fire for some government pension plan employees.  No problem: the pension system will just <a href=\"http:\/\/www.stltoday.com\/stltoday\/news\/stories.nsf\/politics\/story\/93480A46ECE62DE18625773900009CB7?OpenDocument\" target=\"_blank\">give them raises instead<\/a>:<\/p>\n<blockquote><p>Most employees at the Missouri State Employees Retirement System will get their last bonuses this month. The annual incentives, which drew sharp criticism from Gov. Jay Nixon, are being discontinued.<\/p>\n<p>But under a proposed new pay plan, the workers wouldn&#8217;t lose much money when the bonuses disappear. On July 1, when the state&#8217;s new fiscal year begins, MOSERS staffers would receive raises worth 90 percent of their average bonuses the last three years.<\/p>\n<p>A compensation committee made up of MOSERS board members voted 3-1 Friday to recommend the plan. The full 11-member Board of Trustees will consider it later this month.<\/p>\n<p>Gary Findlay, MOSERS executive director, said afterward that it would be incorrect to say employees would get raises under the new plan. &#8220;Actually, they&#8217;re getting a cut&#8221; since only 90 percent of their bonuses would be rolled into base pay, he said.<\/p><\/blockquote>\n<p>Only a longtime government employee, long enough to get to directorship of a government pension plan, would be audacious enough to try to convince citizens this is a cut.  However, by &#8220;cutting&#8221; this money into a base pay rate, Mr. Findlay is also ensuring that this money is &#8220;cut&#8221; into base pay increases in the future (that is, the percentage increases will be greater since this 90% becomes part of the salary that the percentage increase is part of) and this money will &#8220;cut&#8221; into the amount of money used to calculate the pensions of employees (which is based on base salary when the employee retires).<\/p>\n<p>The government is the only place in the world where cuts cost more money than non-cuts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In time of a recession, bonuses come under fire for some government pension plan employees. No problem: the pension system will just give them raises instead: Most employees at the Missouri State Employees Retirement System will get their last bonuses this month. The annual incentives, which drew sharp criticism from Gov. Jay Nixon, are being [&hellip;]<\/p>\n","protected":false},"author":3334,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-6477","post","type-post","status-publish","format-standard","hentry","category-missouri"],"_links":{"self":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/6477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/users\/3334"}],"replies":[{"embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/comments?post=6477"}],"version-history":[{"count":3,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/6477\/revisions"}],"predecessor-version":[{"id":6480,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/6477\/revisions\/6480"}],"wp:attachment":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/media?parent=6477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/categories?post=6477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/tags?post=6477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}