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How pension deal went wrong & cost California taxpayers billions [OPPS Dems Off by 1/4 TRILLION $$ ]
Los Angeles Times ^ | Sept 18,2016 | Jack Dolan

Posted on 09/18/2016 4:12:15 PM PDT by NoLibZone

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To: NoLibZone

Find everyone on the CalPERS board that voted for this, the old Governor, and ALL the state Senators and Assembly critters that did this, line them up against a wall...

They are the worst criminals.


21 posted on 09/18/2016 4:55:21 PM PDT by FlyFisher
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To: kiryandil

A lot of those retired California gubmint employees with huge pensions have taken their money and fled the state. They don’t want to pay California’s high taxes.


22 posted on 09/18/2016 5:00:46 PM PDT by forgotten man
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To: kiryandil

Sorry but it’s the Progressives who leave first, taking their ill gotten gains, and infecting new states. Sad but true.


23 posted on 09/18/2016 5:06:59 PM PDT by Boomer One ( ToUsesn)
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To: Avalon Memories

I left Cal about 45 years ago. I visit my mom a couple of times a year and still love the place—but I’m grateful I got out when I did. My mom lives San Diego county and the local school district just finished building a new state-of-the-art high school. The district funded it with a loan that has a balloon payment of the whole debt in 20 years. I think the debt will be a couple of billion dollars. Everyone on the board will likely be dead when it is due, but someone is going to have to pay and I don’t think they’re going to be happy about it.


24 posted on 09/18/2016 5:07:22 PM PDT by hanamizu
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To: forgotten man; Boomer One
A lot of those retired California gubmint employees with huge pensions have taken their money and fled the state. They don’t want to pay California’s high taxes.

Amazing that there's no lynchings going on...

25 posted on 09/18/2016 5:19:29 PM PDT by kiryandil (Hillary Clinton is not sophisticated enough to understand the Bill of Rights, either.)
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To: CatOwner

I left California in 1985 after nearly 20 years in San Francisco. Since then I have lived in Texas and Florida and I do not miss the California income and capital gains taxes on iota.

There is life after California.

Sell your California property at an inflated price and move to some great places in flyover country where the housing prices are one half the ridiculous house prices in California where you lay awake at night wondering when the next earthquake will happen.


26 posted on 09/18/2016 5:27:06 PM PDT by Presbyterian Reporter
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To: NoLibZone
Just one more reason we Northern Californians want to create The State of Jefferson.

No government employee Unions and no taxpayer funded pensions.

27 posted on 09/18/2016 5:30:35 PM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: NoLibZone
Just one more reason we Northern Californians want to create The State of Jefferson.

No government employee Unions and no taxpayer funded pensions.

28 posted on 09/18/2016 5:30:35 PM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: NoLibZone

Just borrow some money from Puerto Rico.


29 posted on 09/18/2016 5:34:11 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: CitizenUSA
These employees are paid very lucrative salaries to start with compared to the private sector.

State worker salary database from the Sacramento Bee.

Scroll down to "Explore Departments", click on it, and get an education as to why they are in such a mess.

30 posted on 09/18/2016 5:38:03 PM PDT by Oatka (Beware of an old man in a profession where men usually die young.)
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To: Oatka

Exactly! If the pension was 90% of a meager “public servant’s” pay, then maybe the pension wouldn’t be that big of a deal. But that’s not the case. California pays their public employees extremely generous salaries to start with.


31 posted on 09/18/2016 5:44:22 PM PDT by CitizenUSA (Proverbs 14:34 Righteousness exalts a nation, but sin is a disgrace to any people.)
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To: NoLibZone

it didn’t go “wrong” it went exactly as planned...

After all; “It’s for the Children”


32 posted on 09/18/2016 6:07:35 PM PDT by Bubba Gump Shrimp (A Liberal is someone who cannot accept that there is a Law of Unintended Consequences)
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To: CatOwner
Our daughter moved to Texas last month, and she is trying to convince us to move there after my wife retires next Spring. If it weren't for the weather ...

You are absolutely right. The weather in Texas is not fit for Man nor Beast.

There are much better places to retire to.

33 posted on 09/18/2016 7:08:40 PM PDT by Elderberry
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To: BipolarBob
problem is for the rest of the country that these pampered pensioned princes come running with all their money to other states, screwing others of modest means...

and then try to change other states...

I want one rule...that anyone receiving a state pension must live in that state...forever....

34 posted on 09/18/2016 9:02:23 PM PDT by cherry
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To: NoLibZone
The NYT had a interesting one the other day as well. Worth a read.

A Sour Surprise for Public Pensions: Two Sets of Books

35 posted on 09/18/2016 9:31:49 PM PDT by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
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To: buckalfa

They have 2 versions of pension returns. The real one and the pie in the sky one.

Unfortunately the taxpayers are paying for a lot of pie for the retirees while they do not even get scraps for themselves.


36 posted on 09/18/2016 10:48:29 PM PDT by minnesota_bound
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