Thursday, August 30, 2012

California's City Bankruptcy Policy to Date, Is Layoffs, No Cutting Excessive Pensions.

  • The California cities reducing police and fire protection, but not considering re-evaluation of these well known government union excessive pension benefits.
  • Pensions should be just enough to enjoy your retirement, not a continuation of salary at retirement plus medical, this is out of control. Probably sneaked through and these lawmakers who signed off on it are no longer there to take some questions from the tax payers.
An excellent report on what can happen here in California. Read it here in the CALIFORNIA POLITICAL REVIEW by Troy Anderson.

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