[quote=CA renter]Taxpayers (and this includes public employees, BTW, who pay some of the highest tax rates since all of their income is W-2) will not be the primary beneficiaries of any possible “savings” from public employee pensions or compensation.[/quote]
Maybe that’s a good solution to the pension program. Make public employee income tax free. Lower the pay to compensate for that zero income tax and then the pension payment can be based on that lowered tax free salary.