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As we know, government pensions, strong armed by unions, is killing California. Even the Progressive city of San Jose is going to feel the pain of turning itself over to union ownership.
"The reality that we all must face is that employee costs as the Santa Clara County Grand Jury reported in June of this year are unsustainable. Cities are in the service business; as a result, for the majority of cities, employee costs are the largest part of our budget.
Over the last decade, San Joses general fund dollars have grown by 21%, while the average cost per employee has gone up by 87%. For public safety employees firefighters and police officers the increase is even more dramatic at 99%.
San Jose Police and Firefighters can retire at age 50 and the non-sworn employees can retire at 55. In some instances, pension payments are greater than the salary employees received when they were working, with an annual 3% increase, lifetime health and dental insurance provided without annual payments, and a lump sum payment of hundreds of thousands of dollars for unused sick leave. Our Charter requires us to provide city employees with a defined benefit retirement plan, a minimum employer match of over 250%, a retirement age of 55, and city guaranteed benefits for life based on final compensation."
Who says bribe money gets you nothing? For the bribe payers in San Jose it is a great deal. For those who voted for the hacks that turned over the city to the unions, there is Kharma in this world--they will now pay for being a Progressive--too bad the children will suffer..
More...
"The reality that we all must face is that employee costs as the Santa Clara County Grand Jury reported in June of this year are unsustainable. Cities are in the service business; as a result, for the majority of cities, employee costs are the largest part of our budget.
Over the last decade, San Joses general fund dollars have grown by 21%, while the average cost per employee has gone up by 87%. For public safety employees firefighters and police officers the increase is even more dramatic at 99%.
San Jose Police and Firefighters can retire at age 50 and the non-sworn employees can retire at 55. In some instances, pension payments are greater than the salary employees received when they were working, with an annual 3% increase, lifetime health and dental insurance provided without annual payments, and a lump sum payment of hundreds of thousands of dollars for unused sick leave. Our Charter requires us to provide city employees with a defined benefit retirement plan, a minimum employer match of over 250%, a retirement age of 55, and city guaranteed benefits for life based on final compensation."
Who says bribe money gets you nothing? For the bribe payers in San Jose it is a great deal. For those who voted for the hacks that turned over the city to the unions, there is Kharma in this world--they will now pay for being a Progressive--too bad the children will suffer..
More...