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Democrats love poverty and high taxes. They also think the people are too dumb to notice.
"Assembly members Joan Buchanan, D-Alamo, and Alberto Torrico, D-Fremont, as well as state Sen. Mark DeSaulnier, D-Concord, are co-authors of legislation masquerading as pension reform that has flown through the state Assembly and a key committee in the state Senate. Assembly Bill 1987, introduced by Assemblywoman Fiona Ma, D-San Francisco, is a charade. It would actually lock in the sort of outrageous pension spiking that has been highlighted in Contra Costa the sort of spiking that the legislators publicly claim they want to stop."
When a newspaper catches this corruption--for that is really what it is--you know it is bad. The Contra Costa Times points out how the pension is determined, "The result is that retiring employees are allowed to count such things as standby pay, auto allowance, and unused vacation and sick leave as income to boost the final year's salary used for pension calculations. Rather than reversing the court decision and the subsequent settlement agreement, AB1987 would lock them in, perpetuating this unconscionable giveaway of public pension funds and driving up future costs for taxpayers."
This is why the pension system is $525 billion in unfunded liabilities, unsustainable.
End the charade and get rid of the children running Sacramento--we need adults in charge.
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"Assembly members Joan Buchanan, D-Alamo, and Alberto Torrico, D-Fremont, as well as state Sen. Mark DeSaulnier, D-Concord, are co-authors of legislation masquerading as pension reform that has flown through the state Assembly and a key committee in the state Senate. Assembly Bill 1987, introduced by Assemblywoman Fiona Ma, D-San Francisco, is a charade. It would actually lock in the sort of outrageous pension spiking that has been highlighted in Contra Costa the sort of spiking that the legislators publicly claim they want to stop."
When a newspaper catches this corruption--for that is really what it is--you know it is bad. The Contra Costa Times points out how the pension is determined, "The result is that retiring employees are allowed to count such things as standby pay, auto allowance, and unused vacation and sick leave as income to boost the final year's salary used for pension calculations. Rather than reversing the court decision and the subsequent settlement agreement, AB1987 would lock them in, perpetuating this unconscionable giveaway of public pension funds and driving up future costs for taxpayers."
This is why the pension system is $525 billion in unfunded liabilities, unsustainable.
End the charade and get rid of the children running Sacramento--we need adults in charge.
More...