Delaware Politics- Chris Coons pension scheme revealed

Delaware Politics- Chris Coons- Pension

http://meetchriscoons.wordpress.com/2010/09/28/coons-abused-county-pension-system-for-political-payoffs/

According to Ron Williams in The News Journal, when Chris Coons served as the President of the County Council, he diverted untold millions of taxpayer dollars as payoffs to his political buddies and top staff.  Coons did this by exploiting a loophole in the county’s pension program.

The loophole was originally meant to attract new county police officers, but Coons decided to use it as a cash cow to pay off his political hacks:

It started as a legitimate way to recruit experienced cops onto the then-fledgling New Castle County Police Department. Municipal police officers with a few years service in say, Newport, could join the county force and get those Newport years credited toward a county pension. Then credited years were expanded into government service, still not a bad idea for high level, politically appointed executives who seldom accumulated enough time for a pension before the next administration came in. But then something went very wrong. The New Castle County pension plan became a cash cow for every political hack and hangers-on in various administrations. Come work for the county for a few years, purchase pension credits at your old lower salary at 5 percent on the dollar and retire at a nice fat pension on your new six-figure salary. (Ron Williams, Op-Ed, “NCCo Pension Plan Was The One To Die For,” The News Journal, February 14, 2007)

Coons likes to brag about how he closed the loophole, but, not surprisingly, he leaves out the embarrassing part where he grandfathered in his buddies, wasting untold millions of taxpayers hard-earned cash:

http://pqasb.pqarchiver.com/delawareonline/access/1744160451.html?FMT=ABS&FMTS=ABS:FT&date=Feb+14%2C+2007&author=RON+WILLIAMS&pub=The+News+Journal&edition=&startpage=A.10&desc=NCCo+pension+plan+was+the+one+to+die+for

Coons Voted To Open A Pension Loophole That Would Have Allowed County Employees To Buy Into The Pension System, Or To Transfer Credit From Other Government Service.

Coons Has Closed The ‘Loophole’ That Contributed To That Burden. First, However, He Saw To It That His Buddies And Top Staff People — And All Six Of The New County Council Members And Their Staffs — Were Grandfathered Under That Loophole Which Has, And Will, Cost Taxpayers Millions Of Dollars.”

“No one knows how many times the County Pension Board rules have been changed to accommodate a particular employee who had political connections to a county executive or County Council. We do know that the so-called loophole has been opened and shut by at least three county executives. Coons was the latest to open it, in 2003. But he’ll also remind you that he closed it in December with needed refinements that make it work like a real pension plan. But those changes came after Coons made

Hack…

http://pqasb.pqarchiver.com/delawareonline/access/1744160451.html?FMT=ABS&FMTS=ABS:FT&date=Feb+14%2C+2007&author=RON+WILLIAMS&pub=The+News+Journal&edition=&startpage=A.10&desc=NCCo+pension+plan+was+the+one+to+die+for

Three of Coons’ top staffers directly benefitted from this loophole.  Each served less than 3 years with the County and retired with salaries above $125,000:

former chief administrative officer Dave Singleton is now collecting $36,600 in pension income

http://pqasb.pqarchiver.com/delawareonline/access/1744160451.html?FMT=ABS&FMTS=ABS:FT&date=Feb+14%2C+2007&author=RON+WILLIAMS&pub=The+News+Journal&edition=&startpage=A.10&desc=NCCo+pension+plan+was+the+one+to+die+for

Three of Coons’ top staffers directly benefitted from this loophole.  Each served less than 3 years with the County and retired with salaries above $125,000:

former Public Safety Director Guy Sapp is collecting $25,527 in pension income

http://pqasb.pqarchiver.com/delawareonline/access/1744160451.html?FMT=ABS&FMTS=ABS:FT&date=Feb+14%2C+2007&author=RON+WILLIAMS&pub=The+News+Journal&edition=&startpage=A.10&desc=NCCo+pension+plan+was+the+one+to+die+for

Three of Coons’ top staffers directly benefitted from this loophole.  Each served less than 3 years with the County and retired with salaries above $125,000:

former Special Services Director Rich Przywara will receive his pension at age 55 (currently he is 47) because the pension board applied years-of-service credit for his work time at West Chester (Pa.) University — formerly West Chester State Teachers College.

#delaware #politics chris coons would rather voters not know about pensions scam http://j.mp/dht5d0

#Delaware #Politics– Chris Coons Pension beneficiary Dave Singleton gets $36,600 a year 4 http://j.mp/aAwfgk

#delaware #politics chris coons makes pension buddies with your tax dollars http://j.mp/99xlSu

#Delaware #Politics– Chris Coons Pension beneficiary Rich Przywara gets lifetime pension 4 service 2 PA college http://j.mp/bNnyog

#delaware #politics chris coons has a pension problem http://j.mp/b2FiYe

#Delaware #Politics– Chris Coons Pension benefactor- Guy Sapp gets $25k yr 4 life from tax payers http://j.mp/c1cmmU

#delaware #politics Chris Coons knows how to grease the gears- with pensions 4 cronies http://j.mp/dDs6Dv

#Delaware #Politics– Chris Coons Pension Loohole Scheme gives mil $ 2 political cronies while tax payers foot bill http://j.mp/aURG0V

#delaware #poltics Chris Coons and the power of pensions 2 feather friend’s beds http://j.mp/ckLxfz

#Delaware #Politics– Chris Coons uses county pension system 2 bilk tax payers of millions of $ 4 political cronies http://j.mp/bdJ00Y

#delaware #politics Chris Coons and Pensions 4 buddies http://j.mp/cYbIRZ

#Delaware #Politics– Chris Coons uses pension loophole 2 direct millions of tax dollars 2 political buddies http://j.mp/aH9BO0

Links:

http://blog.freedomist.info/category/delaware-politics/

Delaware Politics- Chris Coons uses county pension system to bilk tax payers of millions of dollars for political cronies

http://blog.freedomist.info/2010/10/09/delaware-politics-chris-coons-uses-county-pension-system-to-bilk-tax-payers-of-millions-of-dollars-for-political-cronies/

http://world.newstweeters.com/category/delaware-politics/

Delaware Politics- Chris Coons Pension Loohole Scheme gives millions to political cronies while tax payers foot the bill

http://world.newstweeters.com/2010/10/09/delaware-politics-chris-coons-pension-loohole-scheme-gives-millions-to-political-cronies-while-tax-payers-foot-the-bill/

http://blog.obamacare.tv/category/delaware-politics/

Delaware Politics- Chris Coons Pension benefactor- Guy Sapp gets $25,527 yr for life from tax payers for less that 3 yrs service

http://blog.obamacare.tv/2010/10/09/delaware-politics-chris-coons-pension-benefactor-guy-sapp-gets-25527-yr-for-life-from-tax-payers-for-less-that-3-yrs-service/

http://blog.obamatweets.net/category/delaware-politics/

Delaware Politics- Chris Coons Pension beneficiary Rich Przywara to get lifetime pension for service to PA college- but Delaware taxpayers foot bill

http://blog.obamatweets.net/2010/10/09/delaware-politics-chris-coons-pension-beneficiary-rich-przywara-to-get-lifetime-pension-for-service-to-pa-college-but-delaware-taxpayers-foot-bill/

http://obama.newstweeters.com/category/delaware-politics/

Delaware Politics- Chris Coons Pension beneficiary Dave Singleton gets $36,600 a year for life for less than three years’ service

http://obama.newstweeters.com/2010/10/09/delaware-politics-chris-coons-pension-beneficiary-dave-singleton-gets-36600-a-year-for-life-for-less-than-three-years-service/

http://us.newstweeters.com/category/delaware-politics/

Delaware Politics- Chris Coons uses pension loophole to direct millions of tax dollars to political buddies

http://us.newstweeters.com/2010/10/09/delaware-politics-chris-coons-uses-pension-loophole-to-direct-millions-of-tax-dollars-to-political-buddies/

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