Important Editorial Regarding California Public Employee Pensions
Original post made by No Fear on May 14, 2009
I hope the comments, for and against the editorial, will be cordial.
Thanks in advance!
on May 14, 2009 at 8:09 am
I agree 100% with the article but how does it change with all of politicans, government workers, teachers, firemen, policemen, county workers, city workers all get the same or similar plans? Arnold is just kicking the ball down the hall until he can get out of office and in the meantime we have all of these money issues while we are paying out these lavish pensions to people who retire at 50. Who and how does it change?
on May 14, 2009 at 8:21 am
There is a good editorial in the Sacramento Bee today on the public employees who are making more than $100,000 per year in pensions. You can find it at: Web Link . They reference a website www.californiapensionreform.com where you can do a search by agency to see those making more than $100,000 in pensions. For Pleasanton, there are currently 22 retired Pleasanton personal making over $100,000 per year in pensions.
Search by First, Last or Full Name Search by Employer
CLICK HERE TO RETURN TO TOP 10 LIST
Name Monthly Annual Employer Name
TIMOTHY NEAL $14,035.34 $168,424.08 PLEASANTON
STEWART GARY $13,168.05 $158,016.60 PLEASANTON
SUSAN ROSSI $12,499.04 $149,988.48 PLEASANTON
GARY TOLLEFSON $11,854.06 $142,248.72 PLEASANTON
JOHN GOODWIN $11,482.71 $137,792.52 PLEASANTON
BRIAN SWIFT $10,523.83 $126,285.96 PLEASANTON
DAVID RADFORD $10,451.79 $125,421.48 PLEASANTON
THOMAS BRAMELL $10,361.76 $124,341.12 PLEASANTON
ERIC CARLSON $10,271.48 $123,257.76 PLEASANTON
WILLIAM EASTMAN $9,770.95 $117,251.40 PLEASANTON
JOSEPH BUCKOVIC $9,407.05 $112,884.60 PLEASANTON
MICHAEL STJOHN $9,275.80 $111,309.60 PLEASANTON
CHRISTOPHE DICKINSON $9,092.33 $109,107.96 PLEASANTON
SEAN CHAPMAN $8,856.90 $106,282.80 PLEASANTON
CARL COUSINEAU $8,821.74 $105,860.88 PLEASANTON
MAUREEN LAURENCE $8,780.15 $105,361.80 PLEASANTON
PAUL HELMS $8,691.66 $104,299.92 PLEASANTON
GREGORY WIXOM $8,593.63 $103,123.56 PLEASANTON
STEVEN ROSS $8,583.76 $103,005.12 PLEASANTON
PAUL MOLKENBUHR $8,555.76 $102,669.12 PLEASANTON
DONALD SAULSBURY $8,408.28 $100,899.36 PLEASANTON
WILLIAM HALVORSEN $8,382.22 $100,586.64 PLEASANTON
on May 14, 2009 at 9:06 am
It looks like it has taken the complete meltdown of our system, at all levels, to get at least some of us interested in this very important issue.
There is no simple answer.
I anticipate real friction between those that work in the public sector and enjoy defined compensation, retirement and medical benefits verses the rest of us, who work in the private sector and have undefined compensation and benefits.
It's also instructive to note that some people are distracted by the extraordinary compensation and perks of "C" level executives at certain public and private businesses. MarketWatch has an interesting story today.
Here's the link: Web Link
Abuses in the private sector are usually found out. Market forces tend to crush abuse. With our government, abuse is rarely crushed. Voters are reluctant to vote out abusers, especially when it's on a state and national level. As a generalization, the American voter is ill informed, non-critical thinking, not understanding of long term impacts and loathe to hold elected and unelected bureaucrats accountable. In all fairness to us voters, most of us are busy working or finding work, raising families, paying taxes, etc.