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Carlos Gimenez’s $5 MILLION PENSION Paid by Taxpayers (2011 Miami-Dade Mayoral Candidate)

Posted by FactReal on June 23, 2011

GIMENEZ SHOULD RENOUNCE TO HIS $5 MILLION PENSION PAID BY TAXPAYERS
SUMMARY
Gimenez receives $126,810-a-year government pension paid mostly by taxpayers for the rest of his life. If he gets that pension for 40 years, he will receive $5,072,400.
$126,810 yearly pension x 40 years = $5,072,400
GIMENEZ’S 3 SOURCES OF INCOME
Carlos Gimenez indicated on his qualifying documents[1] for mayoral candidate of Miami-Dade County that he has three sources of income:
1. Yearly salary of $ 43,250 for his work as Miami-Dade County Commissioner
2. Yearly pension of $126,810 for his work with the City of Miami’s Fire Department
3. Yearly income of $ 40,000 from a Vanguard IRA (we don’t know if this a derivative investment from a pension)

Next we will analyze his #2 income source — the $126,810 yearly pension from the Fire Dept that Gimenez will receive for the rest of his life — mostly paid by the taxpayers.

$5 MILLION LIFETIME PENSION
As indicated above, Gimenez receives $126,810 per year from the Miami Firefighter Police Pension (FIPO). If his pension remains constant, America Times estimates that Gimenez could receive at least $5 million just from this pension:
Gimenez will receive at least $5 million as retirement pension – mostly paid by taxpayers:
No wonder public unions are addicted to the benefits of their government jobs.

Gimenez will pay only 4.4% of his $5 million pension. Taxpayers will have to pay the rest. Gimenez says he contributed $225K to his pension – that means, he paid $225,000 to receive at least $5 million. That is a superb deal for Gimenez, but not for the taxpayers.

Why do taxpayers have to finance these excessive benefits?
Taxpayers are the modern slaves — no vote, no voice.

According to the Herald[2], Gimenez “said he contributed $225,000 to his Miami pension during his 28 years with the city.”

GIMENEZ WILL STILL RECEIVE MORE
“At age 65, Gimenez will also be eligible for a modest pension from the county for his six years as a $6,000-a-year commissioner,” reported the Herald[2]. So, in addition to the min. $5 million Fire Dept. pension, Gimenez will get another LIFETIME pension – this one for his work as county commissioner.

LIFETIME PENSIONS PAID BY TAXPAYERS! THIS IS CRAZY!
Why do we, the taxpayers, have to pay for public employees’ benefits for the rest of their lives?? Taxpayers are losing their jobs and their houses, but still have to pay for the public unions’ pensions, health care and other benefits. Municipalities, counties and states are facing huge deficits, but unions don’t want cuts and don’t want to pay for their benefits. They are happy enslaving the taxpayers.

Gimenez is just one example. Imagine this: If union employees pay only 4% of their own pensions, then taxpayers have to pay for almost 96% of ALL the LIFETIME pensions and benefits of ALL the public employees in the state, county and municipalities.

This is not only unsustainable; this is crazy.

SOURCES:
1. Miami-Dade Election Dept. – Voter Focus, Carlos Gimenez’s qualifying documents dated 2011 April 12, Page 9
http://www.voterfocus.com/ws/mdccand/pdf_miamidade/doc_971_20110412190637_Qualifying_Documents.pdf

2. Miami Herald, Gimenez seeks top Miami-Dade county job, Saturday, 06.18.11
http://www.miamiherald.com/2011/05/09/v-fullstory/2204871/gimenez-seeks-top-miami-dade-county.html

MORE:
Info for the June 28th election in Miami-Dade County:
Carlos Gimenez’s Record
Julio Robaina’s Record
(With links to primary sources)
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