FUZZY DICE FOR TOWN HALLS
EFFORTS AT FUZZY MATH!!!
Extra!!!! Extra!!!!
Greed All About It
EXPO$ED UGLY TAXPAYER INJU$TICE
Illegally Appointed Ex-Captain Michael Pacewitz
Agrees To $top Blocking Police Department Promotion$ For A Pen$ion Bribe
Town Hall Makes A Sucker Out Of
Clueless Greenwich Time Reporter
Debra Friedman
MORE OF TAXPAYERS MONEY TO BE WASTED ON PACEWICZ
THE SINGLE FAMILY HOMEOWNERS OF GREENWICH CAN NO LONGER AFFORD THESE INSIDER PATRONAGE DEALS COMING OUT OF TOWN HALL
PLEASE READ WHAT OUR NEW TOWN HALL INSIDER HAS TO SAY:
Hi
Check the math on Pacewicz's golden parachute: +15.38%
Base $117,870.00
75% $ 88,402.50
65% $ 76,615.50
Bump $ 11,787.00 which is 15.38% of $76,615.50
Greenwich Time/Town Hall calling it 10 % . . . . . bs !!
What do they think this is . . . Wall St ?
The bump alone is a year's worth of SS for many !!
Please Read How Town Hall Took
Clueless Greenwich Time Reporter
Debra Friedman Ride:
By Debra Friedman
Staff Writer
Posted: 01/12/2009 07:16:54 AM EST
Posted: 01/12/2009 07:16:54 AM EST
As part of an agreement between the town and recently departed Police Capt. Michael Pacewicz, the department veteran is set to receive a 10 percent bump in his pension plan, officials said.
According to First Selectmen Peter Tesei, an agreement was formulated that included elevating Capt. Michael Pacewicz's years of service to reach the maximum pension percentage a police officer can receive.
"In terms of police, whether you are a chief or an officer, the key number that people look to obtain is 26 and two-thirds (26 years, eight months) years of service," said Tesei, who noted that the number provides any rank the maximum percentage for his or her retirement.
"Pacewicz was at 25.8 overall. For his departure, we took into consideration his years of service and utilizing his accrued vacation time to bring him to that figure."
Although the agreement has not yet been voted on by the town Retirement Board, the increase would entitle Pacewicz to receive 75 percent of his final $117,870 salary for his pension plan, instead of the 65 percent he would have been entitled to without the agreement.
According to Peter Mynarski, the town's comptroller and Retirement Board member, every police officer receives 2.5 percent of their salary for each year worked up to 26 years of service, which works out to the 65 percent figure.
"If they work an additional eight months, they max out at 75 percent," said Mynarski, who was not aware of the details in Pacewicz's agreement.
Mynarski said Pacewicz's retirement package is not on the Retirement Board's January schedule and was not certain when the board would vote on it.
COMMENT:
GREENWICH TAXPAYERS ARE SAYING THAT TOWN PENSION COSTS ARE ALREADY UP SHARPLY IN THIS ECONOMIC DOWNTURN:
More Of The Single Family Home Owners Money
Is Spent To Run The Retirement Board.
Now The Retirement Board Wants To Make A Sweetheart Deal With
Illegally Appointed Captain Pacewicz.
Town hall insiders say as the retirement boards investments
were struggling last year the pension fund was increasing
the amounts of taxpayer money spent to administer the plan.
Some say that Peter Mynarski, the town's comptroller and Retirement Board member has approved double digit increases.
This special pension bribe to get Illegally Appointed Captain Michael Pacewicz To Retire Early And Stop Blocking Four High Level Police Positions Might Be A Good Thing.
If the retirement board approves special deal for the very unpopular and Illegally Appointed Captain, the they will most like experience the raw and ravaging fury of Greenwich citizen journalists who are not s easily fooled as Debra Friedman.
Greenwich Taxpayers are mad as Hell that services are being cut and town employees are being fired while the illegally appointed captain is given a pension bribe that they and their children will have to pay for.
Greenwich Town Comptroller Peter Mynarski and retirement board members may soon be flooded with freedom of information requests from Greenwich bloggers and citizen journalists as the towns taxpayers become enraged at the sharp increases in the boards administrative expenses and the percentage of costs compared to benefits.
All this money has to be made up by the single family homeowners of Greenwich.
The towns controller and retirement board certainly need to provide an explanation.
The towns pension system is costs have to be paid out of the retirement boards assets which are funded by Greenwich taxpayers.
Special deals like the one Illegally Appointed Captain Pacewicz is receiving will will potentially hurt the benefits of police and firefighters, who can retire younger than other employees.
A cash strapped town may start to pressure the Greenwich police union, the Silver Shield, to increase front line officers retirement contributions to help make up future shortfalls caused by sweetheart deals that Police Brass are getting from the retirement board.
GPD CONTRACT NEGOTIONS ARE
COMMING UP AGAIN REAL SOON
The economy is declining and increased taxpayer contributions will most likely cost elected officials their jobs, so a big part of Illegally Appointed Captain Pacewicz's gift may come out of patrol officer's paychecks.
Why Should The Police Department's First Responders Have To Pay For Pacewicz's Failed Administrative Fat A$$.
Pacewicz's Pension Bribe Is Not Free
If Greenwich Comptroller Peter Mynarski and the rest of the pension board approve this injustice in hard economic times, then patrol officers and taxpayers will probably have to give up more of their hard earned dollars to pay for this giveaway.
PLEASE SEE:
01/02/08 - Captain Michael Pacewicz is repeatedly bieng caught lying to Greenwich Time Newspaper
01/01/08 The 2007 Knucklehead Of The Year Award Goes To .....
12/27/07 - Please Help Me Get Up To Spead On The Issues Affecting Byram
12/27/07 - Greenwich Matters Is On Tonight On WGCH
12/26/07 - Greenwich Murder Update
12/24/07 - A Christmas Wish For Justice - How To Slove The Unsolved Murders Of Greenwich
09/24/07 - Police Department Appeal - Farricker And Tessi Both Say "Forget About It"
MORE INFORMATION ON THE GREENWICH RETIREMENT BOARD AND OTHER TOWN RETIREMENT ENTITIES:
1/3/09 The Raw Greenwich News Feed
Pension consultant apologizes for remarks
Connecticut Post
... of the Cambridge, Mass.-based New England Pension Consultants, apologized "for the way that the discussion at the Greenwich Retirement Board was portrayed" in a story that appeared Dec. 19 in the Connecticut Post and Greenwich Time. Moseley said ...
08/19/08 Reader Submitted Comments: Thanks for the blog
08/18/08 PRESS RELEASE: Philip M. Skidmore Becomes A Member Of The OPED Trust Fund Of Greenwich, CT
The Pacewicz Pension Scandal Just Might Bring
Some Much Needed Attention To The
Taxpayer Funded Greenwich Pension System
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