Quoting SMD…….

“My workmates, legacy employees, were contributing approximately $2,000 a year before PEPRA. After PEPRA, their contributions increased to $4,000. That is impact, and it has already saved the state hundreds of millions of dollars.”

Big Whoop, so now instead of paying roughly 10% of an ACCURATE measure of the Total Cost of their extraordinarily generous pensions, they’re paying 20% …………….. with the Taxpayers (who get FAR FAR FAR less from their employers) responsible to pay the other 80% of the Total Cost of the PUBLIC Sector workers’ pensions.

Like I said, you’re a Public Sector pension/benefit “moocher”.

………………………………..
Tough Love22 April, 2017, 19:58

JenniferHu

With few exceptions PEPRA 2013 only impacted NEW Public Sector workers hired AFTER PEPRAs effective date
………………………………….
Probably, if you made a contract to purchase a new car for$30,000 and when you came to pick it up you were told you still get the same exact car, but you will now have to pay $60,000 you would consider that a (significant) impact.

My workmates, legacy employees, were contributing approximately $2,000 a year before PEPRA. After PEPRA, their contributions increased to $4,000. That is impact, and it has already saved the state hundreds of millions of dollars.

JenniferHu

With few exceptions PEPRA 2013 only impacted NEW Public Sector workers hired AFTER PEPRAs effective date.

Notwithstanding CA’s laws, Regs, Constitutional provisions, Case Law or the decisions of CA’s self-interested/conflicted Judges, it SHOULD HAVE applied to the futures service of all CURRENT workers ……. just as is both LGAL and ROUTINE when it comes to pension changes in PRIVATE Sector Plans.

You are NOT “special” and deserving of a better deal on the Taxpayers’ dime.
*******************************

P.S. The $ amount of your pension (by itself) no matter how small is no relevant. The APPROPRIATE question should be…… what would your pension likely be if working in the Private Sector making the SAME pay, retiring at the SAME age, and having the SAME years of service.

I little doubt that YOUR pension is AT LEAST 2x greater in value upon retirement (4X if a safety worker).

It WAY past time to put an END to the Public Sector THEFT of Private Sector taxpayer wealth.

Quoting JenniferHu ……

“I made $773.00/month”
Let’s see, you had wages of 12x$773=$9,276/yr. ?

Couldn’t be anywhere near full time.

Part-time Public Sector workers should get pensions & benefits EQUAL to what part-time Private Sector workers get ….. typically NOTHING.

You are NOT “special” and deserving of ANYTHING more than your Private Sector counterpart.

SMD,

Prop 13 keeps CA’s Property Taxes low for many. In NJ the average property tax is nearing $10K annually and MANY homes now have taxes between $15K and $20K annually (including me). MOST of that is sourced from the wages, pensions and benefits of Local Town workers. Most are office clerks, DPW or Police and I can’t think of ANY that would be considered “professionals” (noting that the town has outside contractors for engineering and legal matters).

The clerks and DPW have wages mostly in the $50K to $70K (with supervisors obviously getting more) and the Police have BASE PAY of $130+K after just 5 years of service.

The pensions of the non safety workers require taxpayer contributions of a level annual 25% of pay, and the safety pensions about 45% of pay to fully fund over their working careers. Of course were paying less than necessary, using the same phony assumptions & methodology commonplace in Gov’t pension valuations…. screwing the next generation of taxpayers.

Anyone working 25 years gets heavily subsidized retiree healthcare for life.

Add the wages, the pensions, and the retiree healthcare benefits together …… using the best estimate of the TRUE cost of these pensions & benefits and few of the non-safety workers have total compensation packages worth less than $100K annually, with that rising to over $200K for (the lowest rank) Police.

These are MIDDLE CLASS jobs, and no how you spin it, that compensation FAR exceeds what such jobs (or jobs with comparable risks and requiring similar experience, education, skills, and knowledge ….. in the case of Police) pay in the Private Sector.

SMD,

Prop 13 keeps CA’s Property Taxes low for many. In NJ the average property tax is nearing $10K annually and MANY homes now have taxes between $15K and $20K annually (including me). MOST of that is sourced from the wages, pensions and benefits of Local Town workers. Most are office clerks, DPW or Police and I can’t think of ANY that would be considered “professionals” (noting that the town has outside contractors for engineering and legal matters).

The clerks and DPW have wages mostly in the $50K to $70K (with supervisors obviously getting more) and the Police have BASE PAY of $130+K after just 5 years of service.

The pensions of the non safety workers require taxpayer contributions of a level annual 25% of pay, and the safety pensions about 45% of pay to fully fund over their working careers. Of course were paying less than necessary, using the same phony assumptions & methodology commonplace in Gov’t pension valuations…. screwing the next generation of taxpayers.

Anyone working 25 years gets heavily subsidized retiree healthcare for life.

Add the wages, the pensions, and the retiree healthcare benefits together …… using the best estimate of the TRUE cost of these pensions & benefits and few of the non-safety workers have total compensation packages worth less than $100K annually, with that rising to over $200K for (the lowest rank) Police.

These are MIDDLE CLASS jobs, and no how you spin it, that compensation FAR exceeds what such jobs (or jobs with comparable risks and requiring similar experience, education, skills, and knowledge ….. in the case of Police) pay in the Private Sector.

Very true we have always provided a retirement program for public employees. It wasn’t until the Dill’s act that unions were allowed to bargain for benefits. And no I have never been overpaid for the work I did. Where else can you work and be beaten, kicked, hit, bitten, shoved, slapped, knocked out cold on the job. I made 773.00/month for this job and I held onto it because I knew my retirement would not be stolen or invested in a crap table 401k. Don’t forget the CalTrans workers people kill every year, some on purpose. Your just hateful and never walked in our shoes.

Where do you get your facts? It appears your just a hateful person spewing junk out there. PEPRA 2013 is required reading if you wish to continue to be heard. There are now 30% of state employees cover under this law. Bashing a DB rather than insisting it be available to every Californian is just elder abuse. By the way as a retiree at 65 my pay is 1,750. A month get a life.

Where do you get your facts? It appears your just a hateful person spewing junk out there. PEPRA 2013 is required reading if you wish to continue to be heard. There are now 30% of state employees cover under this law. Bashing a DB rather than insisting it be available to every Californian is just elder abuse.

The split is not “just informative”.

Those public workers “somewhere around the middle” are not costing the taxpayers one thin dime extra, let alone 23%. Not moochers, not crooks, not greedy Neither suckling at the government teat nor feeding at the public trough. Just doing their job, and collecting their pay, or our pensions.

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