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Wednesday, 04 April 2012 11:34
Jindal Shouldn’t Duck From Queries About His Personal Louisiana Retirement Plan Actions
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jindal-differenceThe Political Desk website is asking its readers to opine why Louisiana Governor Jindal has made certain maneuvers regarding why his personal government pensions plan is excluded from the his legislation requiring certain government employees to pay an additional 3% into the Pension system?  Also, the site is asking why he is probing into obtaining benefits from his teacher’s retirement for the period when he was University Systems President? 

The site offers three passages from local media outlets that question Jindal’s motives and asks its readers to give their opinions.  Here are those three excerpts :

 FROM THE ADVOCATE:

“Gov. Bobby Jindal wants state employees to contribute more toward their future pension benefits. But legislation Jindal is proposing exempts the governor and other elected officials who are members of the Louisiana State Employee Retirement System, called LASERS, from the 3 percent increase in the contribution rate sought in the legislation.”

FROM GAMBIT:

“As his staff prepared legislation to drastically alter pension programs for state workers, Jindal changed his own retirement schedule. According to documents released by the Louisiana State Employees’ Retirement System (LASERS), Jindal added 2.2 years worth of service to his retirement plan on Jan. 4. Five days later he began his second term. All the while, he was developing proposals that raise state employees’ retirement contributions by 3 percent — ostensibly to address the state’s current (and growing) $18.5 billion retirement debt — and raise the retirement age (after accelerating his own retirement date).”

AGAIN, FROM THE ADVOCATE:

“Jindal has also asked the teachers retirement system for information on how much it would cost to purchase time back from his nearly two years as a member of it including as president of the University of Louisiana System. When he left the teachers system, Jindal got a $28,894 refund. To buy the time back, TRSL said it would cost more than $54,000.”

One might defend Jindal’s actions by stating he is not doing anything illegal, is trying to reign in government with his legislation and that all government employees have the same right to protect their respective interests.

There are also other sides to discussion.  Here are some comments following the above articles and columns:

9) Comment by Maui09 - 04/04/2012 THE ADVOCATE

 

My son has worked for 9 years and 11 months for the state. He has had to PAY $150 to LASERS to even tell him how much he would owe so he could "buy time" and become vested before this Gov passed this bill. He cannot even get LASERS to tell him how much that 1 month would cost. I see the Gov got his request in EARLY and found out his amount. HA-- wonder how he found out his amount so early? If he is buying time, you know he is planning something. The issue on the "elected officials"-- I would not expect anything else from such a crooked Gov and wimpy representatives. The reps all need to be voted out next election. Where is that petition? 

 

So, if the Gov buys the years when he was president of the Ul System he will be only a couple fo years from vesting (which means becoming entitled to a lifetime benefit based upon a six figure salary) in the very retirement system that he tells the "other" state employees is broke and a fiscal drain on the State. WHY? 

11) Comment by I Wish I Knew - 04/04/2012

As much as I hate to defend the governor and others, I think it's unconstitutional to change an elected official's pay until after their current term. I believe the intent was to prevent legislators and boards from voting themselves instant raises, but I'm guessing it applies in both directions. By having this language, the whole law can't be thrown out based on a challenge to that point. 

12) Comment by lovemykids - 04/04/2012

What's good for the goose is obviously not good for the gander. 

13) Comment by bettergovt - 04/04/2012

This should not be a surprise to anyone. True colors are shown during the second term and hypocrisy is certainly one of them. The governor can retire after only 12 years service with the state. Guess how many years this gives him. Yep 12, he doesn't have to even finish his second full term which would have given him 12 without paying the 42,000. I wonder what he is planning? 

Governor Jindal might have a perfectly good reason for taking the personal steps to protect his family while at the same time making government leaner and more efficient.  However, in my view, he should explain his actions so he can justify his claim that this state has hit the “Gold” in government ethics and before the public takes a gander at the fairness of state employees getting goosed.   

steve sabludowsky01by Stephen Sabludowsky, Publisher of Bayoubuzz.com

 

 

 

 

 

 

 

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