Public Union Pension Plan Changes

Discussion in 'Politics' started by Wiseacre, Jun 6, 2012.

  1. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    There was another important vote last night, this time in San Diego. I think this is the direction that all public unions oughta be going in.


    " The passage of San Diego’s Proposition B, which limits pension payments for city employees and moves new hires into a “defined contribution” 401(k)-style pension plan. Prop B, which was strongly opposed by public employees unions, nevertheless passed by an almost two-to-one margin in a city with a history of pension funding problems. For the eighth-largest city in the country, not to mention one located in union-heavy California, to enact such an ambitious change will give heart to pension reformers around the country. As Jason Richwine of Heritage and I have shown [elsewhere], generous traditional pension benefits are a main driver of pay differences between public and private sector employees. "

    The other big news from last night « The Enterprise Blog
     
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  2. Meister
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    Meister VIP Member Supporting Member

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    I think this is going to be a growing trend across America after what happened in Wi.
     
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  3. Claudette
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    Claudette Gold Member

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    Yup. I agree.
     
  4. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    I read a report recently that many states, counties, and cities are privatizing some gov't functions, which essentially offloads the pension and HC obligations. Actually, the Feds are doing it too.
     
  5. The T
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    The T George S. Patton Party Supporting Member

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    Long time coming. Unions are going to be reined in because the public can't afford them any longer.

    Even FDR said PSU's were a BAD idea...



    Worth recalling: FDR was no fan of public employee unions

     
  6. Steelplate
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    Steelplate Bluesman

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    Limiting pension payments how? I'm ok with that.....IF a civil servant who dedicates 30+ years to the people of their locality, state, or nation isn't thrown into poverty by the move. I especially am OK with the laying it on the line for new hires. If they know in advance what the deal is, they can choose to accept employment in the public sector or not.

    But to fuck over people who have spent their adult lives in the service of the people....no....I am against it.
     
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  7. Claudette
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    Claudette Gold Member

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    I've read that as well.

    Sandy Point, GA privitized all of their municiple works.

    The Town is making out like a bandit as far as saving money and getting shit done.

    Wouldn't surprise me to see more towns do the same.
     
  8. DontBeStupid
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    DontBeStupid Look it up!

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    I think anyone who thinks pulling down union workers as a means of addressing pay differences is a moron.
     
  9. Conservative
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    Conservative Type 40

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    But Democrats said that WI was just one state election, and it wouldn't affect the Presidential election or anything else. Did they... lie?
     
  10. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Guess it's all in how you look at it. I don't see it as pulling down, I see it as a way to be able to meet the obligations the city has. Which they obviously can't the way things were.
     

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