Looks like the leftists are making you keep promises and contracts you made in exchange for consideration…..lol what a concept!

One with a $200,000 pension was management–most likely not in a union. The average CalPERS pension is $36,000–that is what a union member would get.

Frankly, this is the only fix. The unions own the legislature who in turn grant the union wishes. How many $200,000 pensions presently exist in your county, much less, the number who will retire within 5 years. The CAO in EDC has around a $600,00 budget and 1800 employees (frankly small business size), makes over $200,000 and will retire with a number that big. For most. of us that equals wealthy.

You cannot tax your way to prosperity!

But they will try!

Idiotic suggestion! CalPERS was in existence 40 years before the advent of public-sector unions in CA. Union membership is irrelevant to being a member of CalPERS. The highest paid retirees were not union members when they were active workers. Eliminate unions if you want–CalPERS will still be there and so will the workers.

All I can say Ron, is duh! No-brainer stuff. We’re doomed. No way the leftists in charge will go away. Get out of state, not necessarily now, but not too far in the future. I will. It’ll all collapse. Guaranteed!

The international business world is intelligent enough to know that DEFINED BENEFITS are financial disasters to any business, thus all businesses focus on the known, i.e., defined CONTRIBUTIONS alone.

Stealing from the young who silently shoulder the costs and bear the burden of unfunded promises of these programs to enrich the old seems to describe the Governments expansion of entitlement benefits and other government services, along with the taxes young people will have to pay to support them, mostly to subsidize older Americans.

The inmates know that debt for our future generations buys votes. Over the decades, the proven “concept’ practiced by voters is to defer as much financial responsibilities as possible from our current financial responsibilities to future generations, that have no votes on the subject.

Currently, it’s the future generations that will have the responsibilities to pay for the unsustainable pension programs, other boondoggle projects, and added inefficiencies built into our government. Simply stated, if we cannot afford it today, pass it off to the future generations to minimize any impact on our current lifestyles.

Virtually all elected officials are heavily financed by unions which are focused on entitlements for their current members. Thus, no changes can be expected in the foreseeable future for elected officials to ever abandon their source of votes.

It’s unfortunate that those future generations, unable to vote today, will bear the costs of many enacted entitlements and boondoggle projects.