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Public Employee Pension and Retiree Health Costs in California

Original post made by Stacey, Amberwood/Wood Meadows, on Nov 17, 2009

The Legislative Analyst's Office has a presentation I think everyone should look at: Web Link

"
The Bottom Line
- Huge retirement liabilities and rising retirement costs at both the state and local levels
- For most California governments, no plan to address OPEB liabilities
- California's public finances already are severely strained
- These liabilities will put further pressure on public finances for years to come
"

Comments (6)

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Posted by resident
a resident of Another Pleasanton neighborhood
on Nov 17, 2009 at 10:13 pm

Perhaps it's time we stop considering how to further cripple the public with greater taxation and start to figure out how to get out from under some of these unsustainable obligations, eh?


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Posted by Terri
a resident of Country Fair
on Nov 18, 2009 at 10:13 pm

The silence (denial) is scary, puzzling, disgusting. Just how cruel can some be to children they profess to love.


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Posted by Connie
a resident of Birdland
on Nov 19, 2009 at 1:52 pm

The current terms of $ amounts, ages, lack of employee contributions, etc. according to statisticians is unsustainable...Unsustainable!so how could the assult on taxpayers be allowed to continue. This is the typical injustice the legislature puts on hard-working Californians...surely you won't allow this burden to grow EXPONENTIONALLY to pass on to your children! Greedy political whor*** sold us all out for their immediate gain. Are there any voters with intelligence and spines left ? Liars wanting personal gain should NOT have a voice in this issue.


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Posted by Rudy
a resident of Another Pleasanton neighborhood
on Nov 19, 2009 at 1:58 pm

This is exactly my point on the other blog about parcel taxes. I will have no job in a few months and we are expected to pay for all of these lavish retirement programs. The reason everyone is so silent is that they know that the true answer to get out of these contracts is either to renegotiate or file for bankrupcy. Unions have refused to renegotiate so you figure out how it ends.


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Posted by Sam
a resident of Another Pleasanton neighborhood
on Nov 19, 2009 at 2:28 pm

Rudy,

Maybe I read you wrong on the other blog, but I thought you said you had a job lined up for after you got laid off. I hope that didn't fall through. Anyway, good luck to you.


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Posted by Rudy
a resident of Apperson Ridge
on Nov 19, 2009 at 3:11 pm

Sam,

Nope no job for me nor my wife or son. I at least have a job until we close in March and then will try to find a job. In all probability, we will go on unemployment and welfare in hopes of finding a job in another state where there are jobs like Texas or something. Very few jobs here unless you are a government type.


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