This article relates to New Jersey. But it’s very much the same in California.
I think that there ought to be another tax revolt like Prop 13 in California. The only way to cut government is to starve the beast.
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A participant can collect a pension and health benefits for life on as little as 20 years of employment. His spouse can keep collecting after he dies. The state can be on the hook for a 50-year payout for a mere 20 years of work. No wonder our pension fund’s broke.
