Pension Reform -- at last!
Original post made by taxpayer, Downtown, on Jun 6, 2012
There will be required payments into the pension by employees, no more free medical benefits for life and no more abuse of the disability retirements. Until now, cops and firefighters could retire on a disability if they were unable to do their CURRENT job. Now they have to actually be disabled to get the benefit. These scam disability retirements not only cost taxpayers up front, but under CA law the pension remains tax free for life. They retire at age 50, get 90% of their final earnings plus 3% raises for life, and they pay no taxes on it. Yup, that had to go.
We need major reform to all public pensions. The taxpayers have paid enough. These people no longer work for less wages than private industry, they work for significantly more. They cannot expect the public to pay for huge pensions on top of that. 3% at 50 has to go! 2% at 65, if and only if, the employees make their own pension contributions. And don't cry that we will not have anyone wanting to be cops or firefighters. Announce a test under the new rules then stand back while they stampede to get the jobs.