Soon we shall hear cries form LA Raza tat that "immigrant" are forced to pay for retirements of whites!
Vote Buys come home to roost.
Soon we shall hear cries form LA Raza that that “immigrant” are forced to pay for retirements of whites!
Run screaming from California, and let the Progtards pick up the tab. :)
Vote buys come home to roost in California. It would be easier to list the states that do not have unfunded pension liabilities.
Nancy Pelosi says that she’ll personally cover any shortages.
Also, CalPers was a victim of State Street Bank’s (Boston) fraudulent money “management”. They settled in a payment but the damage was done. That “bank” ripped off public pension funds all over the country, it amazes me none of their disgusting managers aren’t in jail...friends of Barney Frank I guess.
This is quite a surprising article for the LA Times.
Excellent in fact.
I wonder why they did it.
With 55 Electoral votes Dems know they don’t even have to keep track of anything they do.
The other States will cover the short falls.
Just wait until they get hit with the next recession. They’ll be even further behind.
Now I know these employees worked and contributed to these benefits, but the California portion is simply ridiculous. A 25 year old works for 30 years, retires at 55, and can get 3% times the years served. That’s 90% folks! Even worse, we’re not talking 90% of a low, “public service” salary. These employees are paid very lucrative salaries to start with compared to the private sector.
Freepers! - What goes around comes around.
The “Administration” has rigged interest rates so that they can borrow absurd amounts of money at little or no cost. Idiots that they are, they did not realize that that the very same interest provided the funding to the pension plans. I suggest that these people all be left to their own devices, or ‘take a haircut’ like bondholders have to do. Also, dare I suggest that all the parties to the pension agreements be charged with fraud?
No government employee Unions and no taxpayer funded pensions.
No government employee Unions and no taxpayer funded pensions.
Just borrow some money from Puerto Rico.
it didn’t go “wrong” it went exactly as planned...
After all; “It’s for the Children”