Jim Moore, chairman of the Memorial Health System Board of Trustees, said Memorial CEO Larry McEvoy has a signed terms of agreement.
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I don’t get it. If McEvoy was not fired then he must have quit. If he quit then why in the world is he getting over $1 million of taxpayers money?
Hente and Jane Martin no doubt support this because it will give them another excuse to try and raise our taxes in the next election.
Memorial says it is a mutual parting of ways.
Now is the time for all good men (and women) to come to the aid of our Fair City.
Dr McEvoy’s payout is excessive, plain and simple.
Any MHS Board member that voted for it must be removed by City Council.
Any City Councilmember who allows the payout must be recalled.
It is time to stop the rhetoric and semantics – the payout is excessive and must be stopped.
No taxpayer money here….and while I find it extreme, perhaps someone should research what the industry standard is in this case…nobody’s reported on that. At least not that I’ve seen.
I find it ironic that conservatives and a conservative paper are so opposed to this pay package. The market decides what people are paid. If hospital CEO’s make this kind of money, why the display of class envy? Memorial is a city business where any profits made go back into the business and can’t go to the city fund. Taxpayers didn’t fund this payout hospital customers did.
At this point in the game the citizens of Colorado Springs are the ones holding the bag. Even if it doesn’t come out of our tax dollars the trust and respect for our leaders are in ruins.
As long as it remained private Bach said not a word only when it became public did he start crying foul.
SAD ho hum
COLORADO SPRINGS, GET THAT HOSPITAL SOLD! YOUR PERA OBLIGATIONS WILL SKYROCKET WHEN THE COURTS STRIKE DOWN THE LEGISLATURE’S ILLEGAL TAKING OF FULLY-VESTED RETIREE PENSION BENEFITS.
COLORADO PERA PENSION THEFT LAWSUIT SCHEDULE AND HOW TO HELP.
The group fighting the Colorado Legislature’s theft of contracted pension benefits (saveperacola.com) posted a Colorado Court of Appeals schedule on their website today (as follows):
“We have received notice of the following scheduled dates for the lawsuit:
4/23/12 – Appellees to Supplement Record
5/29/12 – Appellee’s Answering Brief
6/12/12 – Appellant’s Reply Brief
PERA and the State of Colorado are the appellees. Gary R. Justus et al are the appellants.”
Saveperacola also posted a request for help from Colorado PERA members, retirees and any others who support the rule of law in the United States. Saveperacola is raising funds for attorney fees to combat the theft of retirement benefits that were earned by PERA members over decades.
Are you a PERA member or retiree? Have you paid into PERA for many years? Do you expect the Colorado Legislature and Colorado PERA to honor their contractual obligations to you?
Well, your expectations are not grounded in reality.
It is pathetic, but the Colorado Legislature and Colorado PERA will not honor their legal commitments to you short of a court order. That has become quite clear during Colorado PERA’s political, legal and lobbying campaigns.
If Colorado PERA members and retirees do not act, our interests will be brushed aside.
In a nutshell, the Colorado Legislature and Colorado PERA are trying to avoid their debts to public employees. The Colorado Legislature has the ability to “define” a pension “crisis” into existence and then attempt to use that “crisis” to justify the breach of pension contracts.
The Legislature can create a funding “crisis” by skipping its annual required contributions to the PERA trust funds. For a decade the Colorado Legislature has done just that. It has ignored the level of contributions that it must make every year to the PERA pension in order keep it financially sound. This level of annual contributions (called the ARC) is determined each year by Colorado PERA’s actuaries. To date, the skipped contributions exceed $3.5 billion. Just this week the Colorado Legislature is skipping in annual required pension contributions in order to provide $100 million in discretionary tax relief. Having ignored its obligations for years, the Legislature would like to compensate for its negligence by essentially stealing money from Colorado PERA members and retirees.
The Colorado Legislature and Colorado PERA are also trying to use the volatility of investment markets to justify their breach of contracts. Remember that Colorado PERA members and retirees are members of a defined benefit plan. They do not bear any “market risk.” In a defined benefit pension, “market risk” is borne by the sponsors of the plan, that is, the State of Colorado and Colorado local governments. The Colorado Legislature and Colorado PERA want to retroactively change the terms of our statutory pension contract.
Here’s a quote from the new post on the saveperaacola website:
“Remember, the bottom line here is that unless we prevail in this lawsuit, PERA is off the hook for keeping the promises it made to every member and retiree.”
What can you do? Go to the saveperacola.com website, click on the “Support” tab, and send them a contribution. Call or e-mail every PERA member and retiree you know and ask them send support. Call your public employee union representatives and ask them how they can stand idly by while the Colorado Legislature attempts to breach its contracts with public employees. Colleagues of our public sector union officials across the country are aggressively defending the pension rights of their union members. What has happened in Colorado is truly bizarre.
To follow developments in the Colorado pension theft lawsuit sign up as a Friend of Save Pera Cola on Facebook.
Have your friends sign up as Friends of Save Pera Cola. Copy this post and e-mail it to PERA members and retirees you know.
How refreshing to be proud of our city council!