Posted on 01/12/2018 6:04:54 PM PST by BackRoads775
Public employees in California may have their pension benefits slashed due to the rollback of a longstanding rule in the state, Gov. Jerry Brown revealed in a recent budget briefing.
The California governor revealed that he has a “hunch” legal proceedings could pave the way for cuts to public employees’ benefits.
“There is more flexibility than there is currently assumed by those who discuss the California rule,” Brown said during the briefing.
(Excerpt) Read more at westernjournal.com ...
tiered
OK; I’d rather they spent the $21 billion on the pensions, too.
The truth. Democrats have made California a shithole state.
they should still change the system for newbies and younger employees. The last three governors ignored this problem.
They ignore it here in NJ as well; just like companies that can’t deal with defined benefits, these governments at all levels have to leave it in the hands of the employees - even if they have to increase the salaries to do so.
There’s not a single financial problem in California that can’t be solved by eliminating every illegal.
W hen she got older and plumper she looked like she did in hs. She is part Mexican, but it was her German family that contributed greatly to the development of Tucson.
States should go the same way. Up to the employees to save as they see fit, not just sit back and wait the the big reward if they last that long (with the difficulty firing public employees, little doubt they would not last).
Califithole...
Plus she’s a raving Liberal, who, a couple of years ago, was walked off the stage of the Las Vegas hotel where she was performing because she went into a political diatribe while on stage. I don’t think she’s working much since then.
That’s what I meant by a tiered system. You don’t change for old people who can’t work. The newbies in employment get the biggest change up to a certain age. You tier a change for new retirees and those within 10 years and do forth.
In California eliminate benefits for illegals (not gonna happen)
ABOUT TIME!
California has Silicon Valley while Greece has gyros.
“Updated numbers displayed at OpenTheBooks.com show there is a $2.8 billion annual cost to payout 21,862 six-figure public-sector retirees via CalPERS.”
What he forgets is that if California were freed of the constraints of the Constitution, they would quickly become a socialist state and industry would flee there as quickly as they could find a place to relocate.
As Brown wraps up his final term, the poop is hitting the fan...yeah, we have a little problem...remember all those benefits we promised you?
The issue at hand is someone said MANY retirees get over 200,000. I am positing that many people make comments here and make up facts or are guessing. i don’t pertend to know the answer and will not post a guess.
Read the article. There ARE many.
“Meanwhile, Riverside County has 461 six-figure retirees and the top 12 retirements each exceed $200,000 per year.”
That’s just one county. And current employees are raking in the dough, too.
“Note: Recently at Forbes, we showcased the 220,000 currently active California public employees making over $100,000 and costing taxpayers $35 billion each year.”
Gee, and all these state workers and retirees have been voting Democrat for decades because they really believed the Democrats had their backs.
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