“Government workers are seen by the average strapped taxpayer as insulated from these pressures (public employees don’t help themselves by engaging in scams like “spiking” their final years’ pay to pump up their pensions), but the resulting resentment is the ultimate class-war victory of the haves over the have-nots.”
“One can mourn the decline of traditional pensions in the private economy but still acknowledge that California public pensions are way out of line by customary standards.”
“The mistakes of the past should be red-tagged: No pension contribution “holidays,” ever again. No retroactive enhancements. Increases in the retirement age for most workers from 55 to 60 or 65. Voter approval of all pension increases.”
