Calif. State Public Employee Unions Pensions in Jeopardy (Stockton, San Bernardino: 2015, how much)

[2sleepy]

Originally Posted by V8 Vega

So people who make 1/4 of what public employee union members make paying for their lavish life is fine with you.

I worked in a public agency for well over 2 decades, I never enjoyed a "lavish life". My son works as an accountant for a public agency, he does not have anything that even approaches a "lavish life".

[Mr5150]

Originally Posted by V8 Vega

So people who make 1/4 of what public employee union members make paying for their lavish life is fine with you.

Lavish? I don't find living on $21000 a year very lavish.


Income from Pensions | Pension Rights Center

[Curmudgeon]

Originally Posted by V8 Vega

So people who make 1/4 of what public employee union members make paying for their lavish life is fine with you.

Might I suggest you not post about things about which you are ignorant. It really doesn't benefit you.

Your suppositions that civil service employees earn four times what their private sector counterparts do and have lavish lifestyles are ludicrous. Civil service has historically paid less, often far less, which is the main reason benefits and pensions have been good - the latter is not lavish either - in order to attract qualified people. California has the lowest number of workers, per capita, of any of the states and the largest population. That means it's employees have to work harder for more people than elsewhere.

[CA4Now]

We have Gray Davis to thank for this.
How a pension deal went wrong and cost California taxpayers billions - Los Angeles Times

[Finper]

That's one long and scary article written by the LA Times. Of all things. Even those liberals sound nervous for CA's future

[expatCA]

Originally Posted by Finper

That's one long and scary article written by the LA Times. Of all things. Even those liberals sound nervous for CA's future

The money to pay the pensions 5, 10 or more years from now will come from ........................... Well the people living in CA then, that work.

[Finper]

Might be even sooner then that.

[eureka1]

Originally Posted by 2sleepy

i worked in a public agency for well over 2 decades, i never enjoyed a "lavish life". My son works as an accountant for a public agency, he does not have anything that even approaches a "lavish life".

+1

[davidt1]

Originally Posted by expatCA

The money to pay the pensions 5, 10 or more years from now will come from ........................... Well the people living in CA then, that work.

Working people won't be able to cover those King and Queen pensions. The state will raise car taxes, sales taxes and property taxes to take care of their own.

Public worker unions are robbing people blind.

They become civil servants because they care and and want to serve. Yeah, right.

[expatCA]

Originally Posted by davidt1

Working people won't be able to cover those King and Queen pensions. The state will raise car taxes, sales taxes and property taxes to take care of their own.

Public worker unions are robbing people blind.

They become civil servants because they care and and want to serve. Yeah, right.

Well right now the "deficit" in the pension plans seems to be about $3000.00 for every person in the State. If we just count working people it is a LOT more and that will go up every day. Anyone seen any plan to fix it besides raising taxes? Interest rates are not going up enough any time soon.