Town Square

Unfunded Retiree Medical Benefit Liabilities

Original post made by Stacey, Amberwood/Wood Meadows, on May 20, 2009

Ah, the local columnists are starting to have the discussion about unfunded medical benefit liabilities for retirees.

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Posted by Concerned
a resident of Country Fair
on May 20, 2009 at 2:22 pm

Wow, what an incredible mess! Time for all of us to WAKE UP and hold our elected representative accountable.

Puts a different spin on all those out there that gang up on a small group of fiscally conservative legislators that have tried for years to reign in taxing and spending.

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Posted by Concerned
a resident of Another Pleasanton neighborhood
on May 20, 2009 at 3:57 pm

I have been talking about this for some time. The only way out is to declare bankruptcy or redo these contracts similar to the way a lot of private companies have done. What is so sacred about public employees? They are supposed to serve the people and not be their masters. Their fringe benefits are several times those of private employees.

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Posted by frank
a resident of Pleasanton Heights
on May 20, 2009 at 7:27 pm

The government sector only can exist with taxes paid by the private sector. That's an absolute statement.

We have gotten so out of whack that there is now unsustainable total compensation packages being paid to government employees across the board (all sectors of government) while the private sector has sunk into deep recession from which recovery may be years away.

The correction in government is long overdue and now let the cutting begin, bankruptcies included. Our society, which is 80 percent private sector, simply has to ignore the threats made by our government representatives and accept the cuts of inefficient, excessive cost services that we can no longer afford.