Time for the way back machine!
Speaking of unfunded pension liabilities ...
Tuesday, July 10, 2012
Worcester County Retirement System
Worcester
County Retirement System
( you should be so lucky as GPS)
Saturday’s
blog entitled “more
questions from “Just Wondering” , the first comment referred to an article
in the Worcester telegram about the Worcester county retirement system. For
those of you who no longer subscribe to newspapers, the first page
of the article describes some of the
issues with the unfunded liability of the pension system. On the second page
of the article, please read it carefully. On the chart please note the
retirement benefits to Gerald P. Skelton.
This
exceedingly generous pension was brokered by the TMLWP. Chapter 93 Acts of 2000
(hostile takeover of water department from Templeton BOS aka “The Scam”) was
instrumental in creating this pension for GPS.
Please
attend tonight’s Light and Water meeting at 6:00. Both the Water
department agenda and the Light
department agenda list an executive session to discuss a strategy session
for non-union personnel. I wonder whose pension will be padded this time?
In my opinion Ch93 Acts of 2000 could not have happened without a liaison between the Light Company and State Senator Steve Brewer. That liaison most likely was Selectman and Chairman of the Democratic Committee Mr. John Columbus. John's dad at one time ran the Light department and from what I have been told did a fine job. Using municipal funds for a ballot election violates campaign and finance laws and is believed to be a felon. Mr. Columbus has cost this town plenty with his unilateral decisions on just about everything. I congratulated Mr. Columbus on his decision not to run for Selectman as I thought this was in the best interest of the town but Mr. Columbus will still be busy with his Chairmanship of the Democratic town committee much to the town's detriment.
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