SD is cash strapped that they are committed to pension reform and have the public's support.
They want to put all new workers into the private sector 401(k), have the current one contribute more and have their payments based on SALARY! If liberal CA can do it, expect the rest of the country to follow! Cross your fingers!
FUCK THE UNION THUGS!!!
I just wonder if liberal hypocrites are going to say anything, since this is Democrats doing this not Republicans!
They want to put all new workers into the private sector 401(k), have the current one contribute more and have their payments based on SALARY! If liberal CA can do it, expect the rest of the country to follow! Cross your fingers!
FUCK THE UNION THUGS!!!
I just wonder if liberal hypocrites are going to say anything, since this is Democrats doing this not Republicans!
Cash-strapped California City Gears Up For Battle With Unions Over Pension Reform | Fox News
Taxpayers have had it, former Mayor Roger Hedgecock said. A huge portion of the city budget is going to fund these pensions far beyond anything in private sector.
The initiative would force new city workers into private-sector style 401(k)s. Current employees would pay more, and their retirement payments would be based solely on base salary not accrued sick leave and vacation time, often used to inflate pension pay.
San Diego is going to be the next Wisconsin. I think you are going to see a national confrontation between these very powerful public employee unions, who have a hammer lock on the public sector against taxpayers who have to pay the bill.
San Jose and San Diego say pension reform is the only way to avoid tax increases or cuts in personnel. The San Diego Taxpayers Association says their cites spends 44 cents of every payroll dollar not on current city worker salaries, but on retirees and pensions. San Jose officials peg their exposure at 55 cents a dollar.