"Advocates who say California can’t afford the benefits it has promised to 1.8 million public workers and pensioners in the California Public Employees’ Retirement System in particular cheered the governor’s arguments."
"Despite the pension changes Brown championed, the state’s two largest public pension systems are still severely underfunded. CalPERS, with $343 billion in assets, and the California State Teachers’ Retirement System, with $220 billion, each have a little more than two-thirds of the assets they’d need to pay the benefits they owe."
John you and I have discussed the mess that almost all of California (state, county, municipal, special districts) is facing a pension crisis and wonder what it takes to get people's attention and for them to demand changes.
ReplyDeleteI don't know if I posted this before, but it's well worth reading.
And if SEIU is like this, then what about other unions? If you read the tactics used,
rather than seeing a liberal organization, you might think they're closer to being
fascists. I do.
I think it's time for their threats of strikes find a deaf ear. Strike? Fine. It's never too
late to tell a spoiled child "NO!" and mean it.