Report Inappropriate Comments

Roger, did you read the fiscal note? Do you understand it? Apparently not.

Typical response from someone who has no idea what they are talking about.

So let's have a little exercise in basic math. I will go slow. Try to keep up.

Salary calculation

1) according to the fiscal note firefighter stating salary is $72,800

2) 3% annual increase according to fiscal note

3) That results in the salary growing by 3% per year for the first 10 years.

year 1 = $72,800 * 3% = $2,184 (add that to $72,800 to get year 2 salary)

year 2 = $74,984 * 3% = $2,250 ((add that to $74,984 to get year 3 salary)

year 3 = $77,234 continue compounding for remaining years

year 4 = $79,551

year 5 = $81,937

year 6 =$84,395

Year 7 = $86,927

Year 8 =$89,535

Year 9 = $92,221

Year 10 =$94,987

4) firefighter gets promoted to Lt. after 10 years. However the firefighter will be receiving the Lt. salary in year 11 after it also has compounded for 10 years by 3%. (You thinking that he gets the 2020 Lt. salary in 2030 is wrong)

here is that calculation

year 1 - $89,000

year 2 - $91,670

year 3 -$94,420

year 4 - 97,253

year 5 -$100,170

year 6 -$103,175

year 7 - $106,271

year 8 - $109,459

year 9 - $112,743

year 10 - $116,125

at year 11, year is 2030 firefighter gets the promotion and his starting salary becomes $119,609

and from year 12 - 20 continue to compound at 3%.

you state "A number you quoted was a captain in 20 years would be making 179,000 in salary and health care would cost $55,000 per person? No one is getting %3 raise for 20 years. Recalculate it all".

Actually the salary for the captain is $176,999 after 20 years in year 2040. Not my assumptions from the fiscal note. Don't believe it? take the starting captain salary of $98,000 in 2020 and compound it by 3% over 20 years.

what's the answer genius? $176,999

and by the way the higher the salary the more money that is being contributed to the OPEB trust fund. If the salary is lower, the 2% contribution is lower the investment return is lower and the average amount in healthcare cost paid from OPEB fund is lower. So your not doing yourself a favor arguing this point.

one last exercise for you, take the $800 starting single monthly premium in the fiscal note and multiple it by the 6% annual increase in healthcare stated in the fiscal not. let me know what the answer is. Hint the answer is in the fiscal note.

take that amount multiple it by 12 months to get the annual cost of $55,138 for single healthcare premium. Once again not my assumptions. from the fiscal note

I'm not going to go over all the calculations on this post. The math doesn't lie, but apparently the folks at that meeting do. Ask DePasquale where he got 33% saving when fiscal notes states 30%.

Ask any high school kid with EXCEL spreadsheet knowledge to do the calculations.

Come see me tonight i'll show you them. Ask the administration or anyone else to provide you with the math where the 30% saving is realized. You can't and no one in the council chambers that night could.