More Broken Promises ......price you pay for out of control spending

[Manonthestreet]

California’s generous public employee pensions, shielded for decades by the state’s courts, may soon no longer be sacrosanct.

In a potentially huge win for advocates of cutting government pensions, an appeals court in August declared that public retirement plans were not “immutable” and could be reduced. The three-judge panel said the law merely requires government to provide a “reasonable” pension.
California promised public employees generous retirements. Will the courts give government a way out?
and the fact many of these pensions are golden parachutes pumped up artificially in last yr or 2.............

 

[Manonthestreet]

But by all means keep handing out tax dollars t o illegals.........say goodbye to those pensions.................cant wait to see how they blame this on someone else

 

[Disir]

How were they pumped up? I've reached my limit of articles for the month.