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Old 06-23-2013, 01:14 PM
 
Location: Paranoid State
13,047 posts, read 10,434,659 times
Reputation: 15678

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'Pension pickup': Taxpayers foot the bill for little-known perk - San Jose Mercury News

To understand the hidden costs of one of California's sweetest public employee perks, feast your eyes on Exhibit A: Alameda County's top-paid public official, Susan Muranishi.

Not only did the county administrator rack up $462,000 in gross pay last year, and not only did taxpayers contribute an additional $118,000 to her retirement plan, they also picked up the bill for something Muranishi was supposed to pay: the $43,000 "employee" contribution to her pension.

It's called the "pension pickup" -- and like a rich uncle picking up the tab at a big family dinner, Bay Area taxpayers footed the bill for more than $221 million last year for the employee share of 63,000 public workers' pension contributions. The practice undermines retirement rules that were designed to force employees to share the burden for their pensions...



Taxpayers foot the bill for little-known perk
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Old 06-23-2013, 02:34 PM
 
Location: Eureka CA
8,249 posts, read 11,110,384 times
Reputation: 12564
Yawn.
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Old 06-23-2013, 05:18 PM
 
Location: State of Transition
78,623 posts, read 70,508,089 times
Reputation: 76608
It's good to be a public sector pensioner until the public pension fund starts to default. Was it Delaware, or Rhode Island that began to default on its public pensions? I can't be sure I'll ever get a pension from WA State, because their budget and pension fund is looking shaky. this topic makes me wonder if the people getting the biggest slice of the pie also get defaulted on, or not.
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Old 06-23-2013, 05:26 PM
 
11,715 posts, read 35,955,699 times
Reputation: 7512
Quote:
Originally Posted by Ruth4Truth View Post
It's good to be a public sector pensioner until the public pension fund starts to default. Was it Delaware, or Rhode Island that began to default on its public pensions? I can't be sure I'll ever get a pension from WA State, because their budget and pension fund is looking shaky. this topic makes me wonder if the people getting the biggest slice of the pie also get defaulted on, or not.
But do those states have a court ruling stating that pensions and benefits can never, never, never, under any circumstances be reduced, even for future work by current employees? This state is so owned by the employee unions that the entire state could crumble around us and they'll still get paid.
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Old 06-23-2013, 08:10 PM
 
483 posts, read 1,072,156 times
Reputation: 768
Quote:
Originally Posted by escapecalifornia View Post
but do those states have a court ruling stating that pensions and benefits can never, never, never, under any circumstances be reduced, even for future work by current employees? This state is so owned by the employee unions that the entire state could crumble around us and they'll still get paid.
bingo!
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Old 06-23-2013, 09:34 PM
 
Location: State of Transition
78,623 posts, read 70,508,089 times
Reputation: 76608
Quote:
Originally Posted by EscapeCalifornia View Post
But do those states have a court ruling stating that pensions and benefits can never, never, never, under any circumstances be reduced, even for future work by current employees? This state is so owned by the employee unions that the entire state could crumble around us and they'll still get paid.
Scary stuff! No wonder the state budget is a mess. And that's just ONE obstacle to fixing it. There are more.
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Old 06-23-2013, 10:14 PM
 
11,182 posts, read 10,204,616 times
Reputation: 20600
Aw, Sporty. I was having such a good day and you had to go and post an awful story like that. I agree with you that it's pretty disgusting, though.
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Old 06-23-2013, 10:45 PM
 
7,150 posts, read 8,799,885 times
Reputation: 3806
Quote:
Originally Posted by Ruth4Truth View Post
Scary stuff! No wonder the state budget is a mess. And that's just ONE obstacle to fixing it. There are more.
The state budget is in better shape than it has been for the past five years. There are always anomalous stupid problems to fix. So what. Find 'em. Change 'em. Opportunism and correction is the nature of life. No hair-pulling required.
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Old 06-23-2013, 11:06 PM
 
11,182 posts, read 10,204,616 times
Reputation: 20600
Quote:
Originally Posted by nullgeo View Post
The state budget is in better shape than it has been for the past five years. There are always anomalous stupid problems to fix. So what. Find 'em. Change 'em. Opportunism and correction is the nature of life. No hair-pulling required.
Everything's in better shape than it was five years ago. The pension problem is only going to cause more woes, though. There are still a large faction of public employees set to retire in the next five years who have these benefits locked in.

Frankly, I don't know how the state is going to handle this mess. I know one thing for sure. That temporary sales tax that passed in January? No way is it going to be reversed. Brown's going to tell people we need to extend it or he may even suggest that we make it permanent. Oh yeah, betcha he does.
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Old 06-23-2013, 11:18 PM
 
7,150 posts, read 8,799,885 times
Reputation: 3806
Quote:
Originally Posted by HereOnMars View Post
Everything's in better shape than it was five years ago.
Yeah? Except me then ... Gettin' old is not for the faint of heart ...

Quote:
Originally Posted by HereOnMars View Post
The pension problem is only going to cause more woes, though. There are still a large faction of public employees set to retire in the next five years who have these benefits locked in.

Frankly, I don't know how the state is going to handle this mess. I know one thing for sure. That temporary sales tax that passed in January? No way is it going to be reversed. Brown's going to tell people we need to extend it or he may even suggest that we make it permanent. Oh yeah, betcha he does.
Yeah, sure ... youbetcha. But then, the world has muddled through far worse.

By golly, it's raining hard here right now ... and my roof isn't leaking ... whaddaya know about that bit of good fortune ...
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