Posted on 10/04/2017 4:14:30 PM PDT by artichokegrower
They’re sloughing money to the Cal train San Jose to SF. And remember the republican they bribed gets a project. Money for everything except lower taxes.
Los Angeles public employee pension:
Earl C Paysinger
Title: Deputy Chief
Employer: POLICE
Pension: Los Angeles Fire and Police Employees’ Pension, 2016 $1,462,770.03
Almost $1.5 million per year plus health benefits plus a COLA for future increases. What could go wrong?
The union retirees got all of their pensions, while the bondholders, who made the retirees’ careers possible, got only 1% of what was owed to them. There is NO fairness there at all. If Liberals cared at all about real fairness, there would have been a much more balanced and equitable approach to dividing the losses.
Note: Pension includes a one-time DROP payout of: $1,338,232
Not quite as bad as you imply, but still bad. And he’s now a VP at USC where no doubt he’ll rack up another pension...
okay he didn’t work for Sacramento county
These pensions aren’t sacred. Any legislature can cut these pensions by 50% or more, and there’s not a damn thing that the fat union sows can do about it.
These pensions aren’t sacred. Any legislature can cut these pensions by 50% or more, and there’s not a damn thing that the fat union sows can do about it.
Correct
All of it can be eliminated and every retiree can be rolled up into Social Security by any future Legislature
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