State of Florida employee salary database
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Marbolot- Posts : 134
Join date : 2013-01-26
Re: State of Florida employee salary database
The Florida judge presiding over my 5 minute conference call on 3/28 makes $143K per year. Whose side is he going to be on... hmm... that's a tough one.
DrummerBoyFL- Posts : 19
Join date : 2013-02-25
Re: State of Florida employee salary database
It seems judges are forgetting ( as if ) to recuse themselves from foreclosure cases due to conflict of interest. Their retirement/pension plans are funded by a host of stocks and bonds and as the article below states... 25% of their funds are in notes secured by mortgage securities!! Holy shit!
I had a feeling something was off about this and began researching and lo and behold there it is in writing for all to see! Does anyone else see the problem with this? And why isn't anyone claiming this when they file motions to dismiss??
If their portfolios have stocks in corporate prisons then very few people have any chance of a fair defense...not that there is such a thing...but there's definitely conflict of interest in all lawsuit they preside over. The fuller the prisons the higher the return on investment. This is sick! And this isn't just judges but all state employees...so clerks of the court and so on... This is crazy!
The PDF wouldn't upload... the link follows this excerpt...
While the SBA determines the investment
options offered by the Investment Plan, state
law specifies how the board can invest
Pension Plan assets. Specifically, for Pension
Plan funds, Florida statutes permit the board
to invest up to
25% of any fund in bonds, foreign
currency, notes, and notes secured by
first mortgages, mortgage securities,
group annuity contract
s, real property,
and U.S. government obligations;
80% of any common stock, preferred
stock, and interest-bearing obligations of
a corporation having an option to convert
into common stock;
10% of the entire portfolio in alternative
investments defined as investment in
private equity, venture,
hedge, or distress
funds; and
1.5% of the entire portfolio in
economically targeted investments
designed to provide superior returns to
the portfolio while also economically
benefitting the state.
As of June 30, 2009, the net asset value for the
Pension Plan was $99.6 billion while the net
asset value for the Investment Plan was $4.1
billion.
Most FRS members are employed by local
government entities . Membership in the
Florida Retirement System is compulsory for
all full- and part-time employees working in
a regularly established position for a state agency,
county government, district school board, state university, state college, or
participating city or special district.
Elected officials and certain local government
managers may elect not to participate in the
system. Individuals who work for a
government agency in a temporary or
independent contractor position are not
eligible for FRS membership.
http://www.oppaga.state.fl.us/MonitorDocs/Reports/pdf/1019rpt.pdf
I had a feeling something was off about this and began researching and lo and behold there it is in writing for all to see! Does anyone else see the problem with this? And why isn't anyone claiming this when they file motions to dismiss??
If their portfolios have stocks in corporate prisons then very few people have any chance of a fair defense...not that there is such a thing...but there's definitely conflict of interest in all lawsuit they preside over. The fuller the prisons the higher the return on investment. This is sick! And this isn't just judges but all state employees...so clerks of the court and so on... This is crazy!
The PDF wouldn't upload... the link follows this excerpt...
While the SBA determines the investment
options offered by the Investment Plan, state
law specifies how the board can invest
Pension Plan assets. Specifically, for Pension
Plan funds, Florida statutes permit the board
to invest up to
25% of any fund in bonds, foreign
currency, notes, and notes secured by
first mortgages, mortgage securities,
group annuity contract
s, real property,
and U.S. government obligations;
80% of any common stock, preferred
stock, and interest-bearing obligations of
a corporation having an option to convert
into common stock;
10% of the entire portfolio in alternative
investments defined as investment in
private equity, venture,
hedge, or distress
funds; and
1.5% of the entire portfolio in
economically targeted investments
designed to provide superior returns to
the portfolio while also economically
benefitting the state.
As of June 30, 2009, the net asset value for the
Pension Plan was $99.6 billion while the net
asset value for the Investment Plan was $4.1
billion.
Most FRS members are employed by local
government entities . Membership in the
Florida Retirement System is compulsory for
all full- and part-time employees working in
a regularly established position for a state agency,
county government, district school board, state university, state college, or
participating city or special district.
Elected officials and certain local government
managers may elect not to participate in the
system. Individuals who work for a
government agency in a temporary or
independent contractor position are not
eligible for FRS membership.
http://www.oppaga.state.fl.us/MonitorDocs/Reports/pdf/1019rpt.pdf
dreamwalker- Posts : 15
Join date : 2013-01-28
Location : Florida
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