Archive for the ‘History’ Category

An Important Election

Thursday, July 24th, 2014

July 18, 2014

 

There is a very important election coming up. Early voting starts today (only

downtown at the election commission). General early voting starts Monday July

21st and early voting ends Saturday August 2nd. The last voting day is Thursday

August 7th but only at your normal local voting site.

 

The ballot is huge. I have attached the ballot with my selections. I want you to

make your own choices but I want you to get out and vote.

 

I have been working with Eve and Eddie Settles and they have done a wonderful

job in researching the candidates. Be sure to go to www.backinrivercity.com and

read about the research they have done.

 

You will have to declare that you want to vote in the democrat or republican

primary. This is for the Governor, United States Senate, United States House of

Representatives, the Tennessee Senate, the Tennessee House of Representatives,

and the State Democrat or Republican executive committee people. This party

declaration will not prevent you from voting on the rest of the ballot which is

 

The final page of the ballot is interesting. It is to vote to Retain or Replace the

Tennessee Supreme Court judges (3 ea.), Court of Appeals Judges (10 ea.) and

Court of Criminal Appeals judges (10 ea.).

 

The Tennessee legislature voted recently to let the Judicial Nominating

Commission to expire and in November 2014 we will vote whether to adopt a

constitutional amendment for Tennessee, a system like the one set forth in the US

Constitution. I believe that an 8 year term is sufficient and should be at the end of

a distinguished legal career or the justice should go back to his legal practice to

earn his living, not be a career justice. Therefore I support the REPLACE vote.

I will be glad to answer any questions. 7540699

Joe Saino

An Important Election Is Going On

Thursday, July 24th, 2014

July 24, 2014

 

There is a very important election going on. Early voting is going on. General early voting started Monday July 21st and early voting ends Saturday August 2nd. The last voting day is Thursday August 7th but only at your normal local voting site.

The ballot is huge. I have attached the ballot with my selections. I want you to make your own choices but I want you to get out and vote.

 

I have been working with Eve and Eddie Settles and they have done a wonderful job in researching the candidates. Be sure to go to www.backinriversity.com and read about the research they have done.

 

You will have to declare that you want to vote in the democrat or republican primary. This is for the Governor, United States Senate, United States House of Representatives, the Tennessee Senate, the Tennessee House of Representatives, and the State Democrat or Republican executive committee people. This party declaration will not prevent you from voting on the rest of the ballot which is open.

 

The final page of the ballot is interesting. It is to vote to Retain or Replace the Tennessee Supreme Court judges (3 ea.), Court of Appeals Judges (10 ea.) and Court of Criminal Appeals judges (10 ea.).

 

The Tennessee legislature voted recently to let the Judicial Nominating Commission to expire and in November 2014 we will vote whether to adopt a constitutional amendment for Tennessee, a system like the one set forth in the US Constitution. I believe that an 8 year term is sufficient and should be at the end of a distinguished legal career or the justice should go back to his legal practice to earn his living, not be a career justice. Therefore I support the REPLACE vote.

On The Back of Taxpayers

Thursday, July 24th, 2014

July 24, 2014

On The Back of Taxpayers

We hear the constant slogan, “Don’t balance the budget on the backs of
current employees and retirees”. In past years there was a used car lot on
Lamar with the sign saying “We Tote The Note”. As taxpayers, we have
been toting the note for years. Look at the facts.

The annual cost per retiree at the City of Memphis is $32,518 versus
$19,218 at the County.
The unfunded pension liability at the City of Memphis is $709 million versus
$161 million at the County.

The ratio of retirees to active employees at the City of Memphis is 79
per 100 versus 57 per 100 at the County.

In 2012, I calculated the cost of retiree health care cost per retiree
paid by the taxpayers. For Memphis it was $8533, for MLGW it was $7440
and for Shelby County it was $5605.

The inescapable conclusion is that City of Memphis has had a loose
(more…)

Trust The Free Market

Monday, June 30th, 2014

June 30, 2014

Trust The Free Market

I followed Mayor Wharton’s proposals in his state of the City speech and in the PFM group’s 5 Year Strategic Fiscal And Management Plan for the City of Memphis. I congratulate the Mayor for hiring this group and for the well written and realistic facts in the plan. Now that part of the plan has been voted on and passed (OPEB reform of health care) I would like to propose an alternative plan for pension reform, another major part of getting the City’s fiscal house in order.

PFM recommends various pension plans for non vested (less than 10 years of service) and future new employees. The recommendations include a defined contribution plan or a combination of a defined contribution plan and a limited defined benefit plan similar to what the state of Tennessee has done for teachers and state employees.

Several years ago I participated in a pension reform study for Shelby County which ended up in Plan D for the county for new employees. The City adopted a similar plan for new employees only basically doing away with the disastrous 25 year retirement formula (regardless of age). At that time I recommended a Hybrid plan which would put public employees on an equal footing with private sector employees promising a minimum of social security return but possibly a much better return from the free market.

Social security promises a lousy return by sending your money to the Washington DC lockbox which is empty due to the politicians spending all the social security money. What this proposal would do is have the same 6.2% contribution from the City and the 6.2% from the employee and let it grow at the market rate until retirement. The market has returned over 9% at the City and the MLGW since inception even including 2008. The social security return is -.95%.

Of course the IRS would probably have to bless such a plan but that should be no problem since the City has good relations with the current administration. We should consider all options and the employees should get on board with the free market and take the same risks that all private sector taxpayers take, market return. You can hardly do worse than putting your faith in social security.

IMPORTANT ELECTION INFORMATION

Tuesday, June 24th, 2014

June 24, 2014

 

IMPORTANT ELECTION INFORMATION

There is a very important and complicated election coming up on August 7, 2014. (WOW, WHAT A BALLOT) (Countywide early voting starts Monday, July 21st). You will be electing the primary candidates for Tennessee Governor, one Tennessee US Senator, Two US Representatives (8th and 9th districts), Three State Senators, Thirteen State Representatives and Ten State Executive Committee members. These are primary elections and the final vote will be in November of this year.

As if that was not enough, we will also be electing the following.

9 circuit court judges, 3 chancery court judges, 2 probate court judges and 10 criminal court judges. NOTE (Chancellor Kenny Armstrong, Chancery Court Part 3, has just been appointed by Governor Haslam to the Appeals Court. Since it’s way after time for filing a qualifying petition, he either won’t be on the final ballot in August, or, if it’s too late to take him off, any votes for him or that office will be ineffective. We assume Haslam set it up this way so he gets to appoint his own choice until the next election IN 2016.)

 

 

Also (very important) we will be electing the District Attorney General, the County Mayor and 13 members of the County Commission.

Will it never end?

Then we will select the Assessor of Property and the County Trustee, the Probate Court Clerk, the County Clerk and the Register of Deeds.

I bet you thought I was finished but OH NO. You will select 15 general session court  judges (1 is an environmental court judge) and the juvenile court judge. Also THE SHERIFF, THE CIRCUIT COURT CLERK, THE CRIMINAL COURT CLERK AND THE JUVENILE COURT CLERK.

(more…)

Congratulations Mr. Mayor and City Council Majority

Thursday, June 19th, 2014

June 19, 2014

Congratulations Mr. Mayor and City Council Majority

My wife and I have been out of town visiting two of our daughters, our son in law and our 2 year old grandson in California. You can imagine my delight in reading Wednesday morning that the City Council has taken the recommendation of Mayor Wharton to start the process of reining in our City finances and getting control of our unfunded liabilities.

This is just the first step and it will be painful and seemingly unfair to the retirees but this is what the County did years ago and the financial statements show the difference. However this is just the first step. More needs to be done next year. Pension reform in July this year and then line of duty disability, sick day reform and other areas of benefits that are more than private sector comparisons.

On a lighter note but with some significant contrasts I list below some items from the Carmel California Pine Cone newspaper which I picked up on my trip. (Carmel is where Clint Eastwood used to be mayor).

Police & Sheriff’s Log Crime Report

1)    Subject reported the loss of a wallet while wine tasting in Carmel. Exact location of loss unknown.

2)    Man was walking northbound on Mission Street when he saw a subject who was staggering and almost falling to the ground. He made contact with  the subject and called the police. Upon arrival the police contacted the subject who had been drinking. He was reunited with his spouse, who was sober, coherent and staying at a hotel approximately one block away.

3)    Person came into the station to report the loss of a wallet and personal contents. Person later located the wallet at a restaurant patronized last night.

Then an article with the headline “Council adopts $24M budget at first pass”.

In the article

In the article there is the following information. The biggest chunk of spending goes to public safety (fire, police and ambulance) accounts for 32% of expenditures. In Memphis this figure is 70%.

Memphis is obviously not Carmel California but what a difference in the vital area of public safety.

 

 

Paying For Pension Reform In 2 Years

Monday, June 2nd, 2014

June 2 2014

 

Paying For Pension Reform In 2 Years

 

A good friend sent me a copy of Councilman Jim Strickland’s thoughts in paying this unfunded liability off in 2 years rather than 5. Jim is a good guy and a responsible city council member. He is correct in that paying it off in two years rather than five will save in the long run. Last year we added $68 million to the unfunded liability due to the small payment to the pension fund rather than the recommended ARC payment.

 

What is missing from him is the specific details of how we are going to pay for this pension load without raising property taxes. He needs to detail the immediate dollar savings for 2015 such as health care reform for active employees and retirees, sick pay, vacation reform, college education benefit reduction or elimination, line of duty reform and salary reductions to bring salaries in line with private sector. Also while going to the proposed defined contribution will not give immediate relief, it will change the future projections of the pension auditors reducing the unfunded liability projections.

 

Also concerning the health care proposed changes, I believe that those retirees under age 65 who are not eligible for medicare (or their spouse is not on medicare) can pay for back medicare eligibility to make them eligible.

 

I would agree with paying in two years rather than 5 but only if it is accompanied with passed and agreed on reforms like the above detailing where the money is coming from. We do not need more property tax increases. Look at the county and their proposed (more…)

What Are The Others Doing About Pensions And OPEB?

Thursday, May 29th, 2014

May 29, 2014

What Are The Others Doing About Pensions And OPEB?

 

Memphis is struggling with what to do about their unfunded liability in pensions, OPEB (retiree health care) and general fund finances. I have talked about what Memphis has done compared to the Shelby County government and pointed out that due to past actions and good management, the County is in relatively good shape compared to the City of Memphis. Memphis must make hard decisions or possibly the State will step in and do it for them.

Then I wondered about Germantown, Bartlett and Collierville. This is quite interesting. They are all over the ball park. Germantown has a defined benefit plan. Collierville had a defined contribution plan and went to a defined benefit plan in 2007 (a year before the crash). They also have two other plans, a defined contribution and a state plan.

Percentage of pension and OPEB funding.

Pension Funding Percentage: Memphis 72.6%, SC 87.4%, Germantown 76%, Collierville 80.4% and Bartlett 67.1%.

OPEB Funding Percentage: Memphis 1.7%, SC 25.7%, Germantown 32%, Collierville 58.8% and Bartlett 9.9%.

Here is more of what I found.

Germantown amended the retirement plan in 2001. All employee retirement benefits are provided through a single employer, defined benefit plan. Under the Plan, all full time permanent employees at least 18 years of age (age 21 for Emergency Services Employees) participate and are vested after 10 years of service, 5 years if the employee was hired before January 1, 2003. Benefits are calculated at 2.25 percent of Average Monthly Earnings multiplied by the number of years of service subject to a 30 year maximum. The maximum accrual is 67.5 percent of base salary.

 

In addition, to the pension benefits, Germantown provides certain post-retirement health care benefits to employees who retire from the City under the provisions of PERS (Public Employee Retirement System). The City, in conjunction with PERS, has established benefit provisions and contribution obligations. The premium charged retirees is a percentage of the group rate. Prior to January 1, 2008, the City’s insurance became secondary to Medicare Insurance. After January 1, 2008, the plan was changed whereby future retirees could only obtain the City’s dental and prescription drugs.

 

Collierville’s long-range financial plan is to provide retirement and post-employment benefits to employees. The Town provides (more…)

Family Is Everything

Monday, May 26th, 2014

 

May 26, 2014, Memorial Day

 

Family Is Everything!

I get discouraged when I read day after day about the destruction of the basic unit of our culture, the strong family. Most of our national problems (education, poverty and crime) can be traced to the breakdown of the strong family unit.

Then on the eve of memorial day and after attending church, I ran into a high school classmate, Joe Garbuzinski and he told me the following remarkable story.

He had just returned from a graduation ceremony at the Naval Academy at Annapolis. His twin grandsons, Zachery and Alexander Johnson, had both just graduated. They grew up in Memphis and attended Christian Brothers High School. They were top students and both were state wrestling champs.

While at the Naval Academy, they attended summer training camps for Navy seals and finished in the top 5% of those classes. Now after graduating they will enter into the notoriously difficult Navy Seal training.

Joe is very proud of these wonderful grandsons and I am thrilled at their accomplishments. Joe and I both feel that the majority of this country still loves America, thinks that America is special and that there is hope to turn the culture back to freedom, individual responsibility and love of country. With young people like Zachery and Alexander, there is cause for great hope for the future of this wonderful country.

 

An Open Records Update

Monday, May 19th, 2014

May 19, 2014

An Open Records Update

During the last 10 years I have been an advocate of open records. I have had my ups and downs with the City of Memphis, Shelby County, the old Memphis School System, he MLGW and any number of other affiliated organizations. Here is my open record scorecard.

  • Shelby County and MLGW                                                                      A
  • The Old Shelby County School System                                                            B+
  • City of Memphis                                                                                         C
  • Old Memphis School System and the new SC School System       F

I have never had to file a lawsuit against Shelby County, the MLGW or the Old Shelby County School System. I have filed 5 lawsuits successfully against Memphis and the Old Memphis School System. The City of Memphis has become less responsive and difficult about providing access to information. The new Shelby County School System (SCS) seems to be little different from the old Memphis School System.

I am asking Memphis and SCS for information and will take whatever action is necessary to enforce my Tennessee citizens’ legal rights and access to information.

Now I see the Common Core as the greatest threat to our freedoms and the future of our local education. I am asking the public to join with me in a debate on common core and how it is being implemented locally. I will publish a series of questions and provide answers to be debated and facts provided.

The basic purpose of common core is to impose thru a national program a uniform curriculum on K12 public schools. As a result of this uniform common core, they want to collect an immense amount of student data and use it to plan each student’s future education (university, community college or trade school) and eventually their slot in society. This plan would disregard the parents’ and the students’ rights and desires. This amounts to Federal control of education, freedoms and parental rights.

I agree that public education needs upgrading as we have had over 60 years of failure of public education. I agree that there should be a rigorous broad based national testing standard to which students, schools and teachers should be measured. However I believe in competition. Each state and even each City and County should develop their own curriculum and teaching methods with the full involvement of parents and taxpayers. Those states and cities that measure up and surpass the national measure should share their programs with others that do not measure up. Let the best ideas and results win. More federal money and one size fits all is not the answer. Let there be no less than 50 state experimental education laboratories competing with each other for top student achievers. Let education flourish in public, private, home schools, church schools with parents making a choice financed by taxes and vouchers. Let the competition begin with parental choice of what is best for their children, not what is best for Bill Gates, Pearson Publishing or DC politicians.

In future posts I will point out hard facts about common core, who is financing it, and who benefits. I welcome your comments.