New dispatchers
There were supposed to be new dispatchers hired in November, what happened to them?
That idea seems to have fallen by the wayside. The city, whose eyes stay on the bottom line, is saving a lot of money having people work overtime (anywhere from time and a half to double-time and a half rates) until they run themselves into early graves. Costs a lot more in the long run to more bodies and pay them for weeks of training with benefits to boot, only to still be extremely short and continue to pay out overtime money.
posted by CPDDispatch @ 12:00 AM
1 Comments:
Schicklegroover said...
Hey SCC and the rest of us on the shit-end of the stick: O.T. but purty damn important and oh, so sweet for those of us (just me I think) attempting to address oversight issues with Nationwide Retirement, City Finance, Finance Committee and FOP and recieving NO RESPONSE whatsover from anyone. Post where you see fit.
FORBES MAGAZINE -
Billion-Dollar Retirement Rip-Off
Neil Weinberg, 11.27.06
In a move that could have far-reaching consequences for a $140 billion industry, the Orange County, Fla., Sheriff’s Office has filed a class action charging units of Nationwide Financial Services with receiving illegal kickbacks from fund companies whose products it included in public employee retirement plans.
The suit, filed in United States District Court for the Southern District of Ohio, near Nationwide’s (nyse: NFS - news - people ) headquarters, seeks as much as several hundred million dollars and aims to include as plaintiffs some 7,600 other public employee retirement plans that are Nationwide customers.
The suit involves so-called 457 retirement savings plans, which are a public-sector equivalent of the 401(k). The 457 market, with $143 billion in assets, is dominated by variable annuities, which are bundles of mutual funds or separately managed accounts bundled into life insurance policies by Nationwide and other vendors. Variable annuities have been widely criticized as poorly disclosing what are sometimes excessive fees.
The Orange County suit claims that over the past decade and a half, Nationwide received kickbacks from the firms whose funds it included as investment options based on a percentage of plan assets gathered. Insurers refer to the payments as revenue sharing. To critics, they smack of pay-for-play. In the Orange County Sheriffs’ case, Nationwide’s fees were frequently equal to 2% to 3% of assets annually. The plan recently switched to a Vanguard-based plan that cut fees by roughly two-thirds.
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