INVESTMENT OPPORTUNITY
PLAN FOR WHAT SHOULD BE YOUR GOLDEN YEARS
For a filing fee of $5,803.20, you may win a minimum annual retirement benefit
of $28,725.84, payable from your 62nd birthday until the day you die.
Guaranteed by the State of Florida.
Judges earn $145,080 a year for circuit, and $137,020 for county. Public Defenders and State Attorneys earn $153,140 per annum. They earn the maximum retirement pension multiplier of 3.3% times years of service, compared to 2% for a government lawyer.
To compute a judicial retirement package after a single term of six years, multiply the number of years (6) x the multiplier (3.3), and you get 19.8%. Now calculate the Average Financial Compensation figure, which is the average of the best five earning years. In a lawyer's case, it would typically be the last five years of service. For a one term circuit judge, it is the same as the salary. So, 19.8% x 145,080 provides a $28,725.84 annual retirement benefit. If you live twenty-five years from age 62 to 87, you collect $718,146 in total, or $1,588,626, including the six years of salary. Not bad for six years work.
The plum gets juicier the longer you stay in office.
If you last just two terms, you get $57,451.68 annually, or $1,436,292 from age 62 to 87, or $3,177,252, including the twelve years of salary. And so on. If you have prior government service or go back to a government job after a judgeship, you also earn additional benefits accrued at the lower 2% multiplier. At the extreme, if you last as an elected official for thirty years, you accrue a 99% multiplier and bank your whole salary in retirement.
There is also the DROP program, an incentive by the State to induce early retirements. If you last 30 years, you can "double dip" by collecting a deferred pension benefit and full salary for an additional five years, until mandatory retirement. Extreme examples of fat retirement packages include State Attorney Mike Satz, basically working for free at this point without a DROP, and former Public Defender Al Schreiber, whose DROP came with a large lump sum deferred pension payout and nearly his full salary for life.
It's awfully hard to last that long these days. But with business slowing due to the economy and the loss of court appointed work, why not take a shot at a good salary and a guaranteed minimum $28,725.84 a year in retirement for only six years of work?
Take a look at the upcoming races. August 26th, or VB DAY, taught us judicial races do not hinge on finance or endorsements. Everyone who wants to run should be encouraged to do so, especially against the actors who continue to support the morally stagnant results of Broward's senseless, out of proportion drug policies. The more races the better, to split the incumbents' support base and increase the chances of the challengers. It can be done.
If you're smart, you can win. Start planning for your family's future now, and fix Broward County's broken criminal justice system at the same time.
GET RICH DERAILING THE BROWARD PRISON MACHINE
Guys at my high school would be jealous of those who made more than them all the time, it was no big deal.
WOW!! This helps explain why Judge Dijols is fighting so hard to win a chance at keeping his job. As an appointee, he has served only four years. Does that mean no pension?
DiJols worked as a asa, so he should be vested and the years of service would get stacked on top of his state attorney years. Just that the 4 years would be at the higher percentage. He then would get the avg of his last 4 years pay times the total percentage. He's set.
SIgn up to run against Feiner (no judge) and I will be using my middle name Jacob. No endorsements.
And they say Government jobs don't pay. Stack that together with schedules that don't include a full weeks work and it's apretty good gig.
Looking better all the time!
Q: How do the money makers feel about their SUPPORT staff who make far less in all aspects and benefit nothing but having a job? What support do they give to those below them?
A: They don't give a darn. Slavery lives on.
It wouldn't be so hard to swallow if they just showed up for work ones in a while.
All Broward judges suck. They should all get opposition. They are our enemies. My job is secure now for the next four years. With the help of JAAB and Bob Norman, I will try to get as many of them as I can in trouble. And encourage my people, well the mediocre ones anyway, to run against them.
True Believer
How about expecting them just to give the public what it's paying for? Too tough for some by the sounds of a few judges that think they're really being overworked.
More like A-Turd.
Easy investment for a guaranteed return.
no wonder the state is broke
A lot of people pissed off at Elijah Williams. I don't think his name sounds good to the folks at Kings Point. He's definitely vulnerable to someone named Cohen or Levy or Kaplan.
I would not call it slavery. I would call them "peonage wage earners."
As for their multiplier, is it still 1.6%?
SWEET DEAL.
Hey, you want it, go for it! There are any number that could be kicked out and Broward would be better for it.
My opponent, Elijah Williams (wink, wink, he's black) was apponted by Governor Jeb Bush (wink, wink, he's republican).
Someone with a good name should run against Aleman. Even if she drops the accent over her name to sound more Jewish she'll still lose after the reprimand. Most people thought Malove was Italian too, a better name should clean her clock. She needs to go pronto.
"My opponent, Elijah Williams (wink, wink, he's black) was apponted by Governor Jeb Bush (wink, wink, he's republican"
Maybe an Avalos style campaign flyer? Of course, if it backfires, it might seriously impede one's chances of being reappointed.
Let's be careful out there.
Satz works for free? I always heard he was a lonely guy. I guess that's why he so desperately clings to power. Without it he's a ghost. Selfish and pretty pathetic if you ask me.
The Governor only makes $132,932 a year. Legislators make far less than judges too.
They should term limit judges or cut their salaries.
The problem is that many of the lawyers in the legislature want these judicial salaries high so they can become judges after they are term limited out. They call in some favors and ride the judicial gravy train into a high paying retirement.
All part of the oinkfest.
This piece certainly provides lots of incentive to run for a judgeship instead of waiting around like a lemming to be picked by the powers that be to then be laughed at by the locals that are the governors flavor of the day.
One would hope that the ones there now would not have to be threatened by the enlightenment of their pension packages in order for them to stop trying to imprison every non-violent defendant that steps in their courtroom or condoning it from the State.
All you have to do is go to the Florida Department of Corrections web site and put in the proper parameters in the filter to find out how many non violent offenders are being incarcerated for absolute garbage.
As for the DWLS cases where the state is asking for 15 days jail when the defendant has already gotten his/her license straightened out, my goodness, did you not get enough hugs when you were growing up.
MAYOR MIKE BLOOMBERG and other patriots support OBAMA .......... That plus wingnut sarah palin ....... should convince even the thieves running THE BAR JUDGE PIMPIMG SEMINARS led by MIKHAIL HUMAWAY .
Aleman has Calvary - those people mobalized big time for her
The Governors hardly give us minority judge as it is but when they do they are remorseless jailers like Holmes, Gardiner, Avalos, Rodriguez-Powell.
Maybe the minority lawyers who know the community they wish to serve should step up and run. Maybe they won't get opponents if they are the people's choice instead of political appointments.
Cavalry? They didn't turn out for the republican picks this time. I think the Cavalry link is overrated. I think the voters thought Aleman (pronounced "Ailman") was one of the tribe.
No wonder Dijols is trying to hold on for dear life. He's making it worse for the other judges that will be singing goodbye soon though.
Then judges want to come back and double dip after retirement!
It's gonna take more than Cavalry to save Aleman form both herself and her ouster from the bench. I personally think it's overrated too. She'll be picked to take a hike to that bridge in Alaska to nowhere.
Satz causes most of the problems. To brand all the judges as bad is not fair.
Many are great jurists but they are limited in the reforms they can implement because of SAO office policy. Give them a break.
Big $$ if you do a good job. No wonder Catarina is crying so loudly to anyone who will listen. She got bounced for being a you know what and now her easy retirement is gone.
Dijols only has two years as judge. They all face election two years after appointment.
Gonzalez showed your theory is flawed. He was great. His name was Gonzalez. He lost. Any hispanic judge is not safe.
they didnt show up this time because they didnt really care about this election. They all mobalized for her big time. You can try- but I think Aleman is safe.
Worked well for Mike Kaplan against Perry Thurston. I'll take the wink wink any time over the being careful.
Yeah....like Peter Weinstein. Why don't you run against him. I'll give $500.
I would throw any Afrian American judges, Holmes, Elijah Williams, Mary Rudd Robinson into the mix. I think they will be subjected to an election. They will have to prove the voters want them.
Aleman = Twisted Soul.
Secretaries work harder their whole careers and still don't make a 30 thousand retirement.