Posted on 11/13/2017 11:39:45 AM PST by Oldeconomybuyer
Gray Davis let unions into his office at 100,000 an issue. The CHP ad Corrections were in a race ti stay ahead in benefits with the COs catching up. Using the puffed up projections from the pension fund they justified raising the pace officer and fore frighten formula from 2.5% times years of service at age 5 to 3.0 at age 50.
LAPD and toes had their retirement tied to the highest in the state so LA got the same as the CHP and COs. Smaller departments got the same so that the bigger departments didn’t steal their employees. The funds way under performed. You remember the housing crash.
The dems and Arnold have had the throne since then and no one has the will or wanted to solve the problem. Some of the non police unions got comparable raises to 2.5 at 55 instead of 60.
The unions charge large membership fees to bribe politicians who vote on their pay and benefits. The increased pay and bennies result in higher union dues resulting in higher bribes. The teachers, nurses, and COs are the most powerful lobbyist in the state.
Calif is paralyzed in this bribery cycle.
The taxpayers in California are suppose to pay for these lavish pensions at our own savings.
The unions insist we pay if the state cannot by raising taxes. This is the reason all state taxes, fees have gone up just to pay pensions and not to maintain utilities or roads or power or water or schools etc. The only money being spent is for a railroad to no where and that is a payoff for unions.
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