Largest CA Employees Union OKs 5 Percent Pay Cut (Montclair: wages, taxes)

[18Montclair]

Thank You.

Members of California's largest state employee union approved a contract Tuesday that cuts pay by nearly 5 percent for 95,000 government workers and rolls back pension benefits, a move that will protect them from more sweeping government furloughs.

Largest Calif. Employee Union OKs Pension Changes - ABC News

[BacktoBlue]

Thank god.

[smokingGun]

SEIU leaders are thinking strategically... now if only prison/law enforcement & firefighter unions do the same we'll start on the road back to fiscal sanity.

[Gurbie]

Originally Posted by 18Montclair

Thank You.



Largest Calif. Employee Union OKs Pension Changes - ABC News

Many law enforcement agencies in Ca (including ours) agreed to voluntary reductions in retirement benefits for new hirees in their negotiations this year. Officers hired after the new contracts are ratified must work to age 55 (instead of 50) to qualify for full retirement. Additionally, they will be responsible for contributing an additional 3% of their salaries to their Cal Pers retirement account (an amount previously covered by the city).

The California Highway Patrol agreed to similar reforms this year. The one to watch is the CCPOA (Ca Corrections Ofcs). Last I heard, they were holding the line.

I know, 50 years old (or even 55) may sound awfully young to retire, but we're talking about cops here. Trust me, a 50 year old officer with 20+ years of service (the minimum required for retirement under Pers) is generally going to be a pretty beat-up dude. The job does take a toll.

Just some things to think about, next time you hear someone talking about the evil, unreasonable California Public Employee's unions. We see the need for reform too, and are working toward it.

[steelstress]

It sounds like most changes will affect new hires, so there'll be no REAL benefit for about what....20 years? yeah, that helps us now... not.

[Bulldogdad]

You decide:

http://www.dpa.ca.gov/pv_obj_cache/p...07-summary.pdf

[RCCCB]

Originally Posted by 18Montclair

Thank You.



Largest Calif. Employee Union OKs Pension Changes - ABC News

Now most are only overpaid 275% compared to the private sector.
Plus we have a 500 billion in the hole to deal with regarding their retirements which are also not found anywhere in the private sector.

BUT, private sector taxes is what pays for all their lottery type earnings and benefits in government employment.

Start by getting rid of half of them IMO.
Leave the cops and fire people alone, but don't allow pensions based on last years wages, should be some reasonable amount with their SS at 67 like everyone else in the real world.

[OC Investor2]

Originally Posted by Gurbie

Many law enforcement agencies in Ca (including ours) agreed to voluntary reductions in retirement benefits for new hirees in their negotiations this year. Officers hired after the new contracts are ratified must work to age 55 (instead of 50) to qualify for full retirement. Additionally, they will be responsible for contributing an additional 3% of their salaries to their Cal Pers retirement account (an amount previously covered by the city).

The California Highway Patrol agreed to similar reforms this year. The one to watch is the CCPOA (Ca Corrections Ofcs). Last I heard, they were holding the line.

I know, 50 years old (or even 55) may sound awfully young to retire, but we're talking about cops here. Trust me, a 50 year old officer with 20+ years of service (the minimum required for retirement under Pers) is generally going to be a pretty beat-up dude. The job does take a toll.

Just some things to think about, next time you hear someone talking about the evil, unreasonable California Public Employee's unions. We see the need for reform too, and are working toward it.

A 5% cut in a 80-90% of pre retirement pay pension isn't exactly spilling blood. Of course that only covers new hires so this will help us in, say, 2040 or so. Does'nt do much before then.

When I see 30 year cops getting the same benefits as 30 year retired military - 66% of base pay with no OT "spiking" etc. - for current employees more then 10 years from retirement AND future hires then I'll agree the public safety unions are serious about solving this states fiscal problem.

This looks like a fig leaf so they can argue that they are giving something up to when in fact they are just doing the bare minimum.

[mysticaltyger]

Originally Posted by smokingGun

SEIU leaders are thinking strategically... now if only prison/law enforcement & firefighter unions do the same we'll start on the road back to fiscal sanity.

Agreed. I've been saying this about police/firefighters/prison guards for a long time. They've been demanding (and getting) more and more over the last 15 years or so, much more than the other public sector unions. They really miliked the 9/11 disaster for all it was worth. It's time for them to realize they don't get to live in a different financial reality than the rest of us.

[mysticaltyger]

Originally Posted by RCCCB

Now most are only overpaid 275% compared to the private sector.

Ok, your point is well taken but no need for the extreme hyperbole.