FUZZY DICE FOR TOWN HALLS
EFFORTS AT FUZZY MATH!!!
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
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
Check the math on Pacewicz's golden parachute: +15.38%
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 !!
Posted: 01/12/2009 07:16:54 AM EST
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.
GREENWICH TAXPAYERS ARE SAYING THAT TOWN PENSION COSTS ARE ALREADY UP SHARPLY IN THIS ECONOMIC DOWNTURN:
MORE INFORMATION ON THE GREENWICH RETIREMENT BOARD AND OTHER TOWN RETIREMENT ENTITIES:
... 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 ...
The Pacewicz Pension Scandal Just Might Bring
Some Much Needed Attention To The
Taxpayer Funded Greenwich Pension System