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Original post made
on Jan 1, 2012
These miniscule contributions are laughable! I spent 30 years in retirement system where my employer matched up to 10% per month, as long as I made an in-kind contribution... that was just the retirement portion. Then we can talk about the healthcare contribution that I also had to make, which was about 15% of my take-home pay after taxes. So for these politicians to gloat about such a wonderful job they've done, is laughable. I for one would like to see real numbers involved here, not these little things they call a grand effort. We need new blood.
Pleasanton Weekly - please help me understand why you give the City accolades to the city for paying down our $120/180M unfunded pension liability by a paltry $1m (a liability that was ZERO before the irresponsible set of contracts were voted in) AND YET PLEASANTON'S UNFUNDED LIABILITY INCREASED BY $16M THIS YEAR???!!! $16 MILLION - A 13% INCREASE!!
This is the city's own data - CONTACT THE CITY TO CONFIRM!. If we were forced to include it in this year's budget, you would have a much more negative view of Pleasanton's finances.
Why does it take concerned citizens to uncover these obvious facts? Why aren't you doing your job as the comunity's news source and doing proper investigation of this?
Why are you allowing city management to continue this slight of hand? The longer this goes on, the poorer future citizens and employees will be.
You owe your constituents more than this.
It's the disconnect between your expectations of what the PW should be and what they actually strive to be. The PW purports to be "community journalism", which is rather distant from the investigative style you're looking for. And since the larger newspapers have been consolidating, it has become more difficult to find that kind of investigative journalism for local. That's why the so-called hyperlocal blogosphere gets an audience.
Stacey - I appreciate your point.
My frustration with PW is that they will weigh in periodically to provide these positive updates on city finances given citizens a false sense of security. In the meantime, overall city finances are eroding at a faster clip.
This incomplete/inconsisent news coverages provides cover for city management/council to push off the necessary significant pension reform that is required.
Net not much has changed and the unfunded liability problem is getting worse, not better.
The PW's approach to "Community Journalism" as you stated is by censoring as many "conservative" posts as possible...to allow as much leftist journalism as possible.
I for one have posted many factual articles critical of Obama and the Democrat Congressmen only to have the PW delete them.
The weekly is really an extension of the City, School District, and the chamber of developers PR department. It is a shame that many readers believe it is a full investigative newspaper. I appreciate the daily paper in the area, Tri-Valley Times, for their investigative reporting and that is why I pay to get that newspaper. I will financially support balanced, real journalism. I demand from a newspaper that they do balanced journalism; without that they are just the weekly gossip, and no different than those tabloids at the checkout counter of the grocery store.
Like GX I am concerned that the liability of the city is increasing at a real fast pace and then the weekly reports everything is great. No different that the school district. They have debt that the weekly never reports on or overcrowding schools as defined by the demographers, but instead report that all is great. The false sense of security.
Did I miss WHEN the Stoneridge extension would be connecting to El Charro ? Or was that just much to do about nothing ?
To all of you, the PW is a media that features, in its opinion, local newsworthy stories. It survives by advertising paid by, mostly, local businesses. It's not the National Review, Mother Jones magazine, Weekly Standard, Hoover Institute, Politics Daily, et al.
I like to present two options. #1 Stop reading the online forums if they are extremely upsetting to you. #2 Start up your own online news forum.
So, for those of you that have provided some thoughtful notes, thanks. Even if I don't agree, at least you put some thought into it.
Bless our country. Cheers.
I'm just glad that the PW isn't the kind of community journalism paper that publishes lists of who held a dinner party and who attended. I kid you not, such publications have existed.
GX, the problem was that the overly-generous city was paying way too much toward the 'EMPLOYEE' shares of their contributions. Otherwise, our employer contributions could have been greater at the time....we shouldn't have to drain our funds this year.
To "Missing Date ?", that is not correct. While part of the problem is the taxpayers/City paying the complete employee share, most of the financial mess is because of lowering the age of retirement, and greatly increasing the retirement payouts, and a retirement system that does its actuarial based on an assumed very high rate of return on their investments with the taxpayer taking 100% of the risk should their returns not meet it. Then you add a retiree medical system that is 100% paid for by the taxpayers/City, with no caps. This all creates a train wreck.
"I'm just glad that the PW isn't the kind of community journalism paper that publishes lists of who held a dinner party and who attended."
Me, too. I'm thankful that the rich are kept out of the news. Out of sight, out of mind. Or, as my rich uncle used to say, you don't want to be seen counting your money in front of the masses, cuz that might make the poor suckers resentful and ornery. Better that a newspaper concentrate on the outrageous salaries/pensions of 2nd grade public school teachers.
Sandy, resentful or ornery? Is that what you really think? You're a dem,right? I say that because you never. Insider that the not so rich would want to emulate the rich instead of drag them down to your level.......your faith in your fellow man is pretty pathetic.
Damn auto correct.......let's try this again:
Posted by Steve, a resident of the Parkside neighborhood, 0 minutes ago
Sandy, resentful or ornery? Is that what you really think? You're a dem,right? I say that because you never consider that the not so rich would want to emulate the rich instead of drag them down to your level.......your faith in your fellow man is pretty pathetic.
Jane can't wait to read about who is holding a dinner party and who the guests are. There ya go, PW, you got a reader willing to pay for that kind of middlebrow news. LOL!
OCCUPY DINNER PARTIES, OCCUPY LISTS...
There's the little girl who posts every salary and pension of every public school teacher in the district, but then, like a good little trained pony, she chortles when someone wants reportage of extravagant displays of wealth among the elite rich. Middlebrow news she calls it; kind of like Romney being a member of the middle class. One wonders from whence such ideational warpage.
--applause-- for sandy
Congratulations, Jane. Someone believes your lies. Now if only there were such a post of salaries and pensions of every public school teacher in the district to be found on this site, you'd be all set.
Oh she's telling the truth- the link was posted and blasted for all to criticize this past school year. You remember, you were in on it.
here's the math - base comp $120K w/OT $225K side job $50K add a pension kicker - PRICELESS
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