If there is no money to pay, there will be a way of getting around it. how about pay them what the state owes and then fire them all and rehire with a different pension system. Reagan fired all air traffic controllers in 1983.
[quote=pri_dk][quote=desmond]”In the governor’s proposed budget, the state payment to CalPERS increases from $3.8 billion to $4.1 billion, CalSTRS from $1.3 billion to $1.4 billion, and retiree health care from $1.4 billion to $1.6 billion”
Although unfortunately some of these increases may be mandated the law. The state really screwed itself when it made these pension promises – there’s essentially no legal way out of it.[/quote]
