Posted on 10/04/2017 4:14:30 PM PDT by artichokegrower
California governments likely will make do with fewer teachers, parks employees and other public workers while they struggle to absorb fast-rising pension costs in the next few years, a former state lawmaker argues in a study released this week through Stanford University.
Former Democratic Assemblyman Joe Nation projects that many cities, counties and school districts will double their spending on pensions by 2030, “crowding out” their ability to fund public services.
(Excerpt) Read more at sacbee.com ...
No it's the state and local public employees retiring with 6 figure pensions and lifetime medical benefits.
MORE ILLEGAL ALIENS!
All one can do now is LAUGH at the ridiculousness of it all.
Unreasonably big pensions should be regarded as a form of embezzlement imo.
Insights welcome.
“fewer teachers, parks employees and other public workers”
—
And the bad news is?
The politicians who caused this are probably retired.
Told this before, a buddy was a mid level parks and rec field employee in the San Francisco bay area - retired at 55 with a pension of $75,000 per year - he is living like a king in the French countryside with about 3 times the income of his neighbors.
Downward spiral begins.
It’s all of them. Paying people not to work was never a good idea.
http://www.latimes.com/local/la-me-ln-san-bernardino-bankruptcy-end-20170621-htmlstory.html
And let’s not forget about health bennies. The other elephant in the room.
The past bribes to union voters for democrat power, votes and socialistism is coming home to roost
Wow. They’ve just kicked the can down the road.
Hire fewer public parasites.
He was making like $130k a year?
He was making like $130k a year?
No, it is based on the last three years income which was around $85K due to he had been there over 25 years.
Politicians promised the moon to get votes. Knew if there was ever problems they’d be long gone.
Everybody magically goes on overtime the last 3 years prior to retirement.
Easy fix. Base the retirement on their ending pay grade, not last 3 years of OT.
Jerry Brown started collective bargaining in Cal public agencies the end of his first terms as gov signing the bill at midnight on his last day in office. now he is ignoring the problem.
Meanwhile, Moonbeam’s train to nowhere is $1B over budget with no end in sight.
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