Well, take a look at California’s first city to go bankrupt, Vallejo.
They didn’t include the cops and the fire fighters, which account for about 80% of the city’s direct budget, they didn’t deal with CALPERS, so they will go into bankruptcy again. And if you look at Stockton, CA (the other large municipal bankruptcy) the morons there also ignored the judge’s allowance to abrogate their union contracts, so they will go back in as well.
Folks, this is going to be happening all over the country. It isn’t just California, it’s everywhere. This nonsense about “public safety employees” getting to retire at 50 is going to hasten our demise. Our local fire district has had two chiefs retire in close succession ( one replaced the other then left a year later). They are retiring at more than they were paid! With fully paid healthcare these 50 year-olds and their wives can expect to live until they are at least 80. You do the math when they are getting $250,000 a year plus benefits. And the rank and file union FF’s do almost as well.
Why would they get more AFTER retiring than they earned while working?
.
We may need an amendment that no pensions be guaranteed by the government; that was how it worked for quite a while.
its quite eye opening to see what these poor liddle govt workers get....the teachers cry poverty but they take the cake in bennies and pension for working a very very short year and even their wages aren’t bad....