Public Pensions - Problem Continues to Grow
Original post made by Awakening on Feb 28, 2011
But we are paying a price for our rapidly increasing pension costs. Look around have you ever seen so many pot holes in Pleasanton?
The Clock is Ticking on Bloated Pensions
"Union leaders need to pay attention. Yet so far, they appear tone deaf. They continue to roll out the old misleading statistic that public employee retirements average "$24,000 a year." Average is meaningless in this debate. Look at pension payouts for those who retired after a full career and after the big post-1999 pension enhancements were approved. Look at public-safety retirements across the board and some local governments that adopted pension formulas that outstrip even very generous state formulas."
Day of Reckoning on Pensions
"The Little Hoover Commission paints a bleak picture of what's ahead for state and local governments in California."
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