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Lavish Public Sector Retirement in Calif.

Discussion in 'Political Discussion' started by State, Jul 28, 2011.

  1. State

    State Rookie

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    #70 Jersey

    Lavish pension and retirement packages in California that are grossly underfunded.
    You think?

    SOURCE: Popping the Public-Pension Bubble by Ed Ring - City Journal
  2. PatriotsReign

    PatriotsReign On the Roster

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    Why the average American citizen never bothered to consider their support of public workers retirement years ago is baffling. When we all stop to think about it, why would anyone want to fund $60k/yr for a single retiree?

    Across America, most localies have switched to contracting the private sector for trash removal. I grew up in Weymouth, MA and we had town workers doing the garbage collecting for years. Now Weymouth has a private company doing it.

    I would LOVE to see the cost savings comparison on that move. Think about it...Weymouth residents will no longer have to pay for the retirement benefits of their garbage collectors. That in itself must have saved Weymouth residents millions.
  3. Triple-T

    Triple-T Rookie

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    No one in their right mind would ever support this. However, we have no politicians* who will actually fight it. Got to have that public union support to get elected.





    *ok, there might be one or two who will, but no one will listen.
  4. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    The answer is simple move to a hybrid 401K system, the transition is the difficult part.
  5. chicowalker

    chicowalker On the Roster

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    well, they won't have to pay those benefits directly -- of course, that just gets back to the question of why any significantly above-market benefits are being paid in the first place
  6. chicowalker

    chicowalker On the Roster

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    This is, and has been for years, a huge problem here.

    But keep in mindd, public sector isn't just the bureaucrats, social workers, etc. that the right tends to hold in disdain. It's also police and firemen.

    CA's rules on benefits, rates at which people "retire," how so-called retirement is handled (many employees would leave their jobs having qualified for generous benefits and simply gone to new jobs -- sometimes at other government agencies), etc. have been absurd.
  7. Wolfpack

    Wolfpack Banned

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    Every time a politician has the courage to stand up to the public sector pigs, uh I mean employees, and truly represent the needs of the citizens, it results in complete chaos and hate filled rhetoric directed at that pol.

    Just look at the recent events in Wisconsin.
  8. State

    State Rookie

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    #70 Jersey

    Civic Report 65 | CADILLAC COVERAGE: The High Cost of Public Employee Health Benefits

    Holy sheet! The public sector is going nuts with its lucrative benefits and pay.

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