City Council Ignores PENSION problem - unfunded liability increases
Original post made by Arnold on May 29, 2013
His predecessor, Richard Probert, who retired in 2002, receives $273,000 a year. Deputy Chief Christopher Suter and Assistant Chief Michael Sylvia, both 2008 retirees, annually collect $285,000 and $268,000, respectively."
- What is happening in San Ramon and Contra Costa County is also happening in Alameda County, and even in Pleasanton. And it isn't just the Fire Department. The Pleasanton City Employee Contract that the city council is ready to approve next week is anything but taxpayer friendly. The city is selling the contract as a cost savings when in fact the cost is accelerating at pace that revenue can't catch. The Mayor's claim that he is controlling cost doesn't pencil out.
Pension costs for city employees and school district are about to explode. The proposed contract ignores the inevitable. City Management benefits financially.
City Management Grade for managing the pension problem: D-
on May 29, 2013 at 8:48 pm
The quotes are from a Daniel Borenstien article: Daniel Borenstein: San Ramon Valley fire district supports union pension-law challenge, then backs down
on May 29, 2013 at 10:56 pm
You just can't make this stuff up. Why, if revenues don't increase then governments may have to raise taxes on some to pay the exorbitant salaries and pensions of others. This would be a catastrophe for those of us who are already drowning in tax burden. It is like a giant mountain of water that is threatening to bring monsoons followed by the biggest tsunami ever.
I do not appreciate someone using my name, though I agree with some of what he is saying. I think these sites should all be flagged until the real Arnold, me, is revealed as the true Arnold. Until then, get your life rafts out, because this is going to be Big.