Question for municipal personnel

[packsaddle]

How many of you will quit your jobs once the city eliminates your health insurance?

 

[conarb]

Re: Question for municipal personnel

Pack:

And here I thought only Socialistic California was going to bankrupt their cities to get out of paying benefits, Houston is considering bankruptchy with the measly salaries they pay.

Originally Posted by MischOctober 22, 2009

Name, Title and Address [see list below]

Subject: Finances of the City of Houston

Dear : [see list below]

Enclosed is our partial analysis of the very serious financial situation at the City of Houston. We would be derelict if we failed to share this financial analysis with you. This financial heads up will assist you in meeting your fiduciary responsibilities to Houston voters, taxpayers, readers, viewers or investors---as the case may be.

We feel a public discussion of the City’s financial situation is necessary and firmly believe that addressing the City’s financial condition is in the best interest of the Houston economy and Houston taxpayers. We believe the sooner the City of Houston addresses the financial shortfall the better.

Please bear in mind that the Houston City elections are on November 3, 2009, with early voting having commenced on October 19, 2009. Recent history has shown a large portion of voting occurs during early voting.

2. The City’s deficiency in unrestricted assets [“Unrestricted (deficit)”] was $1.2 BILLION ($1,174,429 thousands) at June 30, 2008--- per 2008 CAFR, page 15. In other words, the City’s unrestricted assets were approximately $1.2 billion less than the already recorded liabilities that they will be required to satisfy.

3. The $1.2 billion deficiency in unrestricted assets as of June 30, 2008 (which was created essentially during fiscal years 2004-2008-see item 1) was basically financed, per page 15 of the 2008 CAFR, by:

(a) the $347,728,000 collateralized note payable to the municipal employees’

pension trust;

(b) the $643,413,000 combined accrued liabilities to the employees’ pension trusts (municipal-$285,462,000, police officers’-$318,567,000, and firefighters’-$39,384,000);

© the $219,755,000 pension obligation bonds payable;

(d) the $272,941,000 accrued liability for other post employment benefits-----less, per pages 17 and 74 of the 2003 CAFR,

(d) the $54,395,000 net accrued liabilities to the employees’ pension trusts at June 30, 2003 (municipal-$92,386,000, police officers’-$19,221,000, and firefighters’-asset of $57,212,000).¹

¹ http://globaleconomicanalysis.blogsp...pt-so-are.html

 

[JBI]

Re: Question for municipal personnel

pack - Oddly enough, I don't avail myself (currently) of the plan offered. My wife is a Registered Nurse at the local Hospital and has a good plan. My current employer has a 33.3% buyback, so I take the money every 3 months and buy fuel for the boiler. After we are no longer together I will have to re-evaluate and decide which way to go. In all liklihood I'll be working elsewhere by then, and am not sure what plan my (hopefully) new employer will be offering.

More directly, 'No' I would not leave only because of (a lack of) health insurance.

 

[rktect 1]

Re: Question for municipal personnel

How many of you will quit your jobs once the city eliminates your health insurance?

So, I'd have my job but no health insurance.

So I'd have my job, right?

 

[RJJ]

Re: Question for municipal personnel

Health Insurance what is that? Here if you get sick you are on your own!

 

[globe trekker]

Re: Question for municipal personnel

pack,

I would have to take a long, careful look at all options available " if or when " my AHJ were to drop or significantly decrease my health care benefits. I really do not know what I would do until that scenario actually were to arise. FWIW, any planned or expected "pay raises" have already been frozen indefinitely, but I DO still have a job and my health is good.

 

[FM William Burns]

Re: Question for municipal personnel

Remember.........when it passes the Senate, we will all be in good hands with Obama Cross/Obama Shield :lol: oh wait :cry:

 

[pyrguy]

Re: Question for municipal personnel

If and when it passes all we have to do is NOT buy insurance.

Then we will go to jail for five years, three hots and a cot, free medical and dental care, free schooling, free etc, etc etc.

What could be so bad???? :lol: :lol: :roll:

 

[mtlogcabin]

Re: Question for municipal personnel

What could be so bad

Five years without a shower

 

[RJJ]

Re: Question for municipal personnel

pyrguy: Now you have figured out my 401 plan!

 

[High Desert]

Re: Question for municipal personnel

pryguy: might sound good.........but I wouldn't look forward to being married to the guy with the most cigarettes.

 

[cda]

Re: Question for municipal personnel

In the old days we did not have health insurance, and we liked it.

don't know about you young whipper snappers

 

[fatboy]

Re: Question for municipal personnel

hmmm.....

Job + health insurance = good

Job + no health insurance = not so good

No job = bad

Duh

Like previously posted, when you don't have health insurance, you still go to the hospital, they still treat you, we pay for it all with the premiums we DO pay, and the higher health care costs for those that can, and do pay.

 

[Alias]

Re: Question for municipal personnel

It is a 'no-brainer' for me - job + no health insurance = bankruptcy. :roll:

I am at 2.5 years after cancer treatment so it wouldn't matter where I went, I couldn't get coverage anyway. Something about 'pre-existing condition', ya know.

So, I just pray that where I work continues to keep me at 30 hours a week, which is the minimum required hours for health coverage.

Sue

 

[JBI]

Re: Question for municipal personnel

Sue -

Hang in there. IF everyone in DC takes their head out of their a$$ long enough to see reality, we will have better coverage for everyone regardless of 'pre-existing' conditions.

By the way, congrats on your 2.5 years since treatment, hope to see you (and others) make it much longer.