I support pensions being self paid. However that was not the system i worked under. I saved some extra money and bailed out my mother before she died.
My general point is when you are 71 and someone changes the game and you can’t work or adjust you’re up shit-hole creek.
The state has done nothing to change the system. I showed why it should be tiered because we all have different formulas. People who retired after me were given a huge bump by Davis. Now we may face a cut the same as them. The impact on the oldest and the lowest paid will be the hardest.
The 21 billion to illegals hangs heavy here. Even if I move my pension comes from California.
I certainly wouldn’t expect the recipients to accept it; apparently the recipients expect those losing their homes to foreclosures due to high taxes to accept their lot in life, though.
In the end, you can’t force productive people or companies to remain in CA because you need your pensions funded; anyone moving there (or to my state of NJ) at this point deserves what they get. That is why both states are filling with non-taxed foreigners; no pension revenue there, just more outstretched palms slapping yours away.