Inside the mind of a bureaucrat

Steven Greenhut: In my column for City Journal, I provide insight into how the likes of Treasurer Bill Lockyer think. Lockyer’s basic response to pension reformers: We should get over our pension envy and pay more in taxes. Said Lockyer in a speech last year: “And in my view, nothing is more important in providing for retirement security than preserving the defined benefit pension for those who have it, and restoring and reinvigorating the defined benefit leg of the three-legged retirement stool for those across the country who have lost it in the space of a few short years.” Obviously, don’t expect this crowd to reform pensions.

AUGUST 10, 2012

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  1. Rex The Wonder Dog!
    Rex The Wonder Dog! 10 August, 2012, 16:59

    It is all in the numbers, the formula.

    A 1% multiplier with a minimum retirement age of 68, matching SS, would be OK for a DB. But a 3% multiplier at age 50 is so far out of the ball park it is insane.

    Reply this comment
  2. Donkey
    Donkey 10 August, 2012, 19:00

    Lockyer is a typical RAGWUS scumbag!! 🙂

    Reply this comment
  3. CalWatchdog
    CalWatchdog Author 10 August, 2012, 21:39

    Lockyer himself is due to get a massive pension whenever he finally leaves government.

    It’s called Looking Out for No. 1.

    — John Seiler

    Reply this comment
  4. Rex The Wonder Dog!
    Rex The Wonder Dog! 10 August, 2012, 23:09

    Lockyer is a certified liar. Life long trough feeder. Never had a real job.

    Reply this comment
  5. Bob Smith
    Bob Smith 11 August, 2012, 02:28

    RAGWUS?

    Reply this comment
  6. Donkey
    Donkey 12 August, 2012, 05:02

    RAGWUS: Robert Rizzo And Government Worker Union Scam Bob!
    🙂

    Reply this comment

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Bill LockyerCity Journalpension envy

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