I live in Santa Cruz County California. It is the second smallest county in the state judging by size not population. Mostly ag and tourist for industry. Our county Administrative Officer just got a 12% raise giving her $267,247 annually not including benefits. We are told “management raises are necessary for retaining and recruiting talent”. Just imagine what shape we would be in if we hadn’t spent all of this money to recruit and retain these outstanding civil servants. Oh by the way her retirement will be roughly $240,000 per year with a COLA clause and lifetime health benefits. Now what were you saying about unfunded pensions?
My little PERS pension isn’t even one-one-hundredth of her salary. She goes; I stay.