Posted on 01/12/2018 6:04:54 PM PST by BackRoads775
I agree.
There is still a lot of gaming with these public pensions. I know a couple of cops and firemen and they’ve told me about how they all take sick leave in the last year to b/c compensation in the last year of employment is used to determine lifelong pension benefits.
Firemen “retire” from one agency and get pension money, then they go back to work for the neighboring city and eventually get a pension from them as well.
Ping
I love spending part of my pension money to support conservative candidates and causes and groups like Free Republic, heh heh.
Jerry Brown and the Communists out there realize that older, pensioned state workers and union-loving retired teachers have a limited "voting" shelf life, while illegal groups are younger and a wiser political investment of what little tax Revenues they have left annually. They WILL allow voting by these groups legally, as they have voted under the table in past years, and that will be their new long-term political base.
There is already a LaRaza type caucus in the Sacramento Assembly and it only seems to be growing. These guys are happy to short the pension obligations of aging "white-privileged" state workers of the past -- and fund social programs & 'free' college for the young LaRaza base, basically.
So, when the state runs out of money because it didn't fund it's pensions, those who have profited so massively for so long, should be kept whole regardless of the consequences to the citizens who have to pay for the largess the public unions managed to wrangle from politicians who had no incentive to actually include actuarial standards to their negotiations? Sounds like a great deal for the retirees who helped create the system in the first place.
Knew a Pasadena cop who did that back in the 70’s, also claimed a back injury. That didn’t seem to stop him from cutting, splitting and stacking fire wood on his “ranch”,I think he was like 32 years old.
Consider this: If he's that dishonest now, you can just imagine what he was like as a cop.
To quote DJT we now have a shit hole on the west coast!
Excellent!
Republicans in CA would never get away with it but Democrats will be able to cut pensions.
“Coleman Young” as a transitive verb. Well done.
currently in California the constitution requires the pensions be paid. This story indicates to me the government thinks there’s an out. Stay turned
you really are generalizing. I guess you think you got me. The discussing was about the amount over 200,000. I never denied them, I asked for proof of the number. Go haunt someone else.
I find it to be interesting that people can rationalize one generation voting to enslave the next.
There is fine line between explanation and rationalization.
There was a time before Gray Davis changed the retirement formula and at the onset when the state contributed and the employee and that paid for itself. Unlike social security the money could not be put into the general fund. So it was solvent.
The last three governors did nothing and after Davis gave the unions the gift Arnold and Jerry let it go. And the fund managers pumped up the revenue estimates beyond all reason.
Well, it cost money to support illegals who ‘can’t’ work... the money has to come from somewhere...
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