LePage exempts own pension from budget cutbacks

[roxiejules]

Source: Kennebec Journal

Under Gov. Paul LePage's proposed budget, teachers and other state employees will be required to increase their contributions to the pension system, from 7.65 percent of their salary to 9.65 percent.

One public employee currently paying 7.65 percent, however, won't see an increase.

The governor has exempted himself.

While public employees and teachers face this increase, as well as a raise in the retirement age, a freeze on cost-of-living adjustments for current retirees and a 2 percent cap on future cost of living increases, LePage's personal contribution rate to the retirement system will remain the same, which means he'll be paying $21,420 over four years.

http://www.kjonline.com/opinion/columnists/lepage-exempts-own-pension-from-budget-cutbacks_2011-03-12.html

DU thread: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x592937

[luckyleftyme2]

1. well

what do you expect? he's simply another repuke living by his creed!
repuke creed:
not on my street
not in my pay check
not this time i'll get the check next time!
not on my watch,lower my taxes
not true; it's a plain jane caddy,theirs a mistake here in my excise tax-whatda ya mean it has air,and power,leather seats etc. thats all standard
not true;the oil companies don't get corporate welfare!
etc etc=u pay sucker i'll screw you to protect my pocket book
not true;I couldn't afford to give my help a raise;the florida vacation was given to us by her family'the new truck(64,000) i needed for my work(true case the guy is an accountant)
etc etc!cut taxes=first one to squeal when the snow plow hasn't hit his street yet!
luved ur post-expect more selfish acts by this boob!