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It is time to end the pension crisis in California.
"The Little Hoover Commission is urging that the Legislature substantially cut future benefits of current public employees, including teachers and other unionized school employees, as the centerpiece of pension reform – an option that it says is financially critical though tenuously legal.
It’s also recommending that state and local pension programs covering half of public workers not now paying into Social Security consider joining the federal systems as a way to reduce pension obligations – a move that CalSTRS, serving 852,000 teachers and school administrators, has rejected."
The best way is to convert ALL pensions, currently being given, those already earned and those of current workers in a 401 (k) plan and get government out of the pension system.
What do you think?
More...
"The Little Hoover Commission is urging that the Legislature substantially cut future benefits of current public employees, including teachers and other unionized school employees, as the centerpiece of pension reform – an option that it says is financially critical though tenuously legal.
It’s also recommending that state and local pension programs covering half of public workers not now paying into Social Security consider joining the federal systems as a way to reduce pension obligations – a move that CalSTRS, serving 852,000 teachers and school administrators, has rejected."
The best way is to convert ALL pensions, currently being given, those already earned and those of current workers in a 401 (k) plan and get government out of the pension system.
What do you think?
More...