Wasn't it Davis who gave state workers (prison guards?) HUGE pensions that we can't pay for?
California Gubernatorial Race
- Thread starter Hüsker Dü
- Start date
The pension gap
It was a deal that wasn’t supposed to cost taxpayers an extra dime. Now the state’s annual tab is in the billions, and the cost keeps climbing.
By JACK DOLAN SEPT. 18, 2016
With the stroke of a pen, California Gov. Gray Davis signed legislation that gave prison guards, park rangers, Cal State professors and other state employees the kind of retirement security normally reserved for the wealthy.
More than 200,000 civil servants became eligible to retire at 55 — and in many cases collect more than half their highest salary for life. California Highway Patrol officers could retire at 50 and receive as much as 90% of their peak pay for as long as they lived.
Proponents sold the measure in 1999 with the promise that it would impose no new costs on California taxpayers. The state employees’ pension fund, they said, would grow fast enough to pay the bill in full.
They were off — by billions of dollars — and taxpayers will bear the consequences for decades to come.
http://www.latimes.com/projects/la-me-pension-crisis-davis-deal/
Has this been addressed and corrected by the folks in Sacramento?
It was a deal that wasn’t supposed to cost taxpayers an extra dime. Now the state’s annual tab is in the billions, and the cost keeps climbing.
By JACK DOLAN SEPT. 18, 2016
With the stroke of a pen, California Gov. Gray Davis signed legislation that gave prison guards, park rangers, Cal State professors and other state employees the kind of retirement security normally reserved for the wealthy.
More than 200,000 civil servants became eligible to retire at 55 — and in many cases collect more than half their highest salary for life. California Highway Patrol officers could retire at 50 and receive as much as 90% of their peak pay for as long as they lived.
Proponents sold the measure in 1999 with the promise that it would impose no new costs on California taxpayers. The state employees’ pension fund, they said, would grow fast enough to pay the bill in full.
They were off — by billions of dollars — and taxpayers will bear the consequences for decades to come.
http://www.latimes.com/projects/la-me-pension-crisis-davis-deal/
Has this been addressed and corrected by the folks in Sacramento?
Sheriff Joe
DA
Things have definitely changed, they take out 10% of my boy's pay to put toward his pension, not sure how much he will make after retirement and how it all pencils out, but I know it won't be 90%.
The California Governor race is about which ( Democrat ) can promote Socialism/Communism faster
in California....
The Republicans haven't a chance because of the way they capitulate to Democrats on every front....
A STRONG Republican Candidate would motivate conservatives and move Democratic scum out to sea !
QUOTE="Lion Eyes, post: 196320, member: 842"
The pension gap
It was a deal that wasn’t supposed to cost taxpayers an extra dime. Now the state’s annual tab is in the billions, and the cost keeps climbing.
By JACK DOLAN SEPT. 18, 2016
With the stroke of a pen, California Gov. Gray Davis signed legislation that gave prison guards, park rangers, Cal State professors and other state employees the kind of retirement security normally reserved for the wealthy.
More than 200,000 civil servants became eligible to retire at 55 — and in many cases collect more than half their highest salary for life. California Highway Patrol officers could retire at 50 and receive as much as 90% of their peak pay for as long as they lived.
Proponents sold the measure in 1999 with the promise that it would impose no new costs on California taxpayers. The state employees’ pension fund, they said, would grow fast enough to pay the bill in full.
They were off — by billions of dollars — and taxpayers will bear the consequences for decades to come.
http://www.latimes.com/projects/la-me-pension-crisis-davis-deal/
Has this been addressed and corrected by the folks in Sacramento?
NO, NO and HELL NO !!!!!
/QUOTE
THIS IS WHAT I'VE BEEN CITING FOR YEARS !
YOU HAVEN'T EVEN TOUCHED ON 1/3 OF THE PROBLEM THAT IS
BUBBLING BELOW THE SURFACE, AND BELIEVE YOU ME IT'S TOXIC !!!!!!!
The pension gap
It was a deal that wasn’t supposed to cost taxpayers an extra dime. Now the state’s annual tab is in the billions, and the cost keeps climbing.
By JACK DOLAN SEPT. 18, 2016
With the stroke of a pen, California Gov. Gray Davis signed legislation that gave prison guards, park rangers, Cal State professors and other state employees the kind of retirement security normally reserved for the wealthy.
More than 200,000 civil servants became eligible to retire at 55 — and in many cases collect more than half their highest salary for life. California Highway Patrol officers could retire at 50 and receive as much as 90% of their peak pay for as long as they lived.
Proponents sold the measure in 1999 with the promise that it would impose no new costs on California taxpayers. The state employees’ pension fund, they said, would grow fast enough to pay the bill in full.
They were off — by billions of dollars — and taxpayers will bear the consequences for decades to come.
http://www.latimes.com/projects/la-me-pension-crisis-davis-deal/
Has this been addressed and corrected by the folks in Sacramento?
NO, NO and HELL NO !!!!!
/QUOTE
THIS IS WHAT I'VE BEEN CITING FOR YEARS !
YOU HAVEN'T EVEN TOUCHED ON 1/3 OF THE PROBLEM THAT IS
BUBBLING BELOW THE SURFACE, AND BELIEVE YOU ME IT'S TOXIC !!!!!!!
The pension nightmare for California’s cities is getting scarier
February 12, 2018 12:00 PM
Updated February 13, 2018 01:30 PM
After years of denial, California’s cities are finally waking up to their pension nightmare. Unfortunately, now the crisis is so dire that there are no painless choices left. To keep up with ballooning pension payments, cities soon will have to raise taxes or cut services, or both.
Loudly sounding the alarm, the League of California Cities reported this month that most members expect pension costs to jump by at least 50 percent by 2024-25. Pension payments – now about 11 percent of general fund budgets on average – will eat up about 16 percent by then. That doesn’t include increases in retiree health care costs and other benefits. In extreme cases, the pension burden could lead to more bankruptcy filings like Stockton’s and San Bernardino’s in 2012.
In response, the league is advising cities to consider local tax measures and to negotiate with labor unions to get employees to pay more into their own pensions. That’s easier said than done, of course, especially since local unions are often powerful, well-funded political players.
http://www.sacbee.com/opinion/editorials/article199693069.html
California’s pension problems are far from over
PUBLISHED: March 19, 2018 at 7:30 pm | UPDATED: March 20, 2018 at 11:03 am
As much as politicians from across the state want to deny it, California’s pension problems are far from over.
The California Public Employees’ Retirement System paid out nearly $21 billion in pension benefits last year, according to Transparent California, a watchdog group that tracks and publishes data on public sector pay and pensions. That’s up 43 percent from 2012.
Citing CalPERS payout data from the fiscal year ending July 31, 2017, Transparent California noted that CalPERS began paying out pensions to 25,472 new retirees in the last fiscal year alone, at a cost of $1 billion annually.
Among those who began receiving checks in the new fiscal year, former Gardena City Manager Mitchell Lansdell topped the list for the most lucrative pension, receiving $258,992. A little bit down the list for the fifth-most lucrative pension is Darryl Qualls, former deputy police chief for Pasadena, who began drawing a pension worth $215,173.
Not far behind is Christopher Vicino, former assistant police chief in the city of Riverside, with his annualized pension coming in at $215,101. Vicino now works for the Los Angeles Department of Water and Power as director of security and emergency management for the utility.
Among the new CalPERS pensioners from Orange County is Robert Dunek, former city manager of Lake Forest, who began receiving his yearly pension of $211,517. His pension is the 12th highest among those who began receiving a pension in the last fiscal year.
https://www.ocregister.com/2018/03/19/californias-pension-problems-are-far-from-over/
PUBLISHED: March 19, 2018 at 7:30 pm | UPDATED: March 20, 2018 at 11:03 am
As much as politicians from across the state want to deny it, California’s pension problems are far from over.
The California Public Employees’ Retirement System paid out nearly $21 billion in pension benefits last year, according to Transparent California, a watchdog group that tracks and publishes data on public sector pay and pensions. That’s up 43 percent from 2012.
Citing CalPERS payout data from the fiscal year ending July 31, 2017, Transparent California noted that CalPERS began paying out pensions to 25,472 new retirees in the last fiscal year alone, at a cost of $1 billion annually.
Among those who began receiving checks in the new fiscal year, former Gardena City Manager Mitchell Lansdell topped the list for the most lucrative pension, receiving $258,992. A little bit down the list for the fifth-most lucrative pension is Darryl Qualls, former deputy police chief for Pasadena, who began drawing a pension worth $215,173.
Not far behind is Christopher Vicino, former assistant police chief in the city of Riverside, with his annualized pension coming in at $215,101. Vicino now works for the Los Angeles Department of Water and Power as director of security and emergency management for the utility.
Among the new CalPERS pensioners from Orange County is Robert Dunek, former city manager of Lake Forest, who began receiving his yearly pension of $211,517. His pension is the 12th highest among those who began receiving a pension in the last fiscal year.
https://www.ocregister.com/2018/03/19/californias-pension-problems-are-far-from-over/
Every Worker deserve a fair and decent wage for the services they perform......
What's WRONG is when corrupt Politicians curry favor from UNIONS and
promise excessive Pay/Pensions that are so far out of line from normal pay
standards....in exchange for the UNIONS Corrupt support.
These Lies and Deceit are what has destroyed Many Many large Metropolises.....
Now it's going to SINK a State .....
Hüsker Dü
DA
They all take turns being Fire Chief and their pension is based off their highest paying year. Nice cushy set-up if you can get . . . tell your son congrats, if he stays healthy and flies right, once retired he will be sucking up tax payer dollars for decades! Good for him!
You make people Ill with your condescending crap.....
That's Criminal and you KNOW it !
Bruddah IZ
DA
Privatize
Sheriff Joe
DA
So, you don't believe moon beam and his 9 billion $ surplus projection? He has never been wrong before.
Sheriff Joe
DA
He told me to tell you Thank you.
Sheriff Joe
DA
Capitalist.
Hüsker Dü
DA
So like back in the day if you haven't paid your mordida they let it burn? Would they fight forest fires or let them burn until they get close to a clients property?
South of the Border Criminal mentality......
Figures a Union " Man " would toss that term in a conversation
about Firefighters.....
That's one thing I've never witnessed is a Firefighter mimicking
a Union Iron Workers habits of " Letting Things Happen " because
it was NOT negotiated.....
They may be over compensated, but they will risk life and limb to
save human lives and then the property......
You open your Bitter soul with every post !
Bruddah IZ
DA
No and Yes.
Ignorance rears it's ugly head once again....
Yes, and Jerry Brown started the ball rolling with state employee unions way back in his first go 'round as guv.