Calif. State Public Employee Unions Pensions in Jeopardy (voucher, salary)

[payutenyodagimas]

how much do the employees contribute and how much is the govt share?


and the computation should be basic pay and doesn't not include OT

[marcopolo666]

CA4Now - it is unclear from your post why you bothered to breathe life into this thread from early 2015.

Why? It doesn't seem to have anything that the other (new) thread on the subject lacks ...

[CA4Now]

Originally Posted by marcopolo666

CA4Now - it is unclear from your post why you bothered to breathe life into this thread from early 2015.

Why? It doesn't seem to have anything that the other (new) thread on the subject lacks ...

Sorry, pal. I posted the link before that thread was started. Predicting the future isn't one of my abilities.

[CaliRestoration]

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 truth is most educated liberals know the math simply doesn't make sense but they would never publicly admit that because that would destroy their narrative. CalPERs can't keep taking massive accounting losses and continue to keep the charade up. The CalPERs administrators are now giving up on 7.5% annual and attempting to redo their own assumptions.

Public unions can keep fudging the numbers, relying on California tax payers to bail them out, but as Margaret Thather once wisely said, "The trouble with Socialism is that eventually you run out of other people's money."

[expatCA]

Originally Posted by CaliRestoration

The truth is most educated liberals know the math simply doesn't make sense but they would never publicly admit that because that would destroy their narrative. CalPERs can't keep taking massive accounting losses and continue to keep the charade up. The CalPERs administrators are now giving up on 7.5% annual and attempting to redo their own assumptions.

Public unions can keep fudging the numbers, relying on California tax payers to bail them out, but as Margaret Thather once wisely said, "The trouble with Socialism is that eventually you run out of other people's money."

Once again CA takes the lead .................................................

[2sleepy]

Originally Posted by CaliRestoration

Public unions can keep fudging the numbers, relying on California tax payers to bail them out, but as Margaret Thather once wisely said, "The trouble with Socialism is that eventually you run out of other people's money."

Socialism, really?

[CaliRestoration]

Originally Posted by 2sleepy

Socialism, really?

I know! How stupid can voters be in that state.

[2sleepy]

Originally Posted by CaliRestoration

I know! How stupid can voters be in that state.

IDK, but I'm surprised you worry so much about California since you no longer live here.

[CaliRestoration]

Originally Posted by 2sleepy

IDK, but I'm surprised you worry so much about California since you no longer live here.

Worried?

I have no reason to be. You obviously do, which is why you prance into these threads to try and defend the lunacy of the politics there, but me worry? About California?

I don't think you are using that word correctly.

[dkdolol]

Originally Posted by V8 Vega

LA Times March 17
The judge in the Stockton bankrupcy case said Stockton could legally cut workers retirements.
In San Bernardino's bankrupcy case --- the pension fund faces a new legal challenge from two companies owed 50 million. The companies say its illegal for the city to continue to pay CalIPERS to fund workers pensions while they get nothing.
This is really good news for taxpayers.

CA will not last through the next recession. Indeed, the country may not. But CA def won't. Brown knows it.