[quote=Leorocky]Somewhere in this thread someone suggested that pension largess issues were ‘fixed’ because the workers had their contributions raised. I guess not.
“It’s called the “pension pickup” — and like a rich uncle picking up the tab at a big family dinner, Bay Area taxpayers footed the bill for more than $221 million last year for the employee share of 63,000 public workers’ pension contributions. The practice undermines retirement rules that were designed to force employees to share the burden for their pensions.”
You guess wrong. The vast majority of California public employees have had their contributions increased. The 63,000 cited, who received either full or in most cases, partial payment of the employee contribution by their employers is dwarfed by the number who have had their contributions increased over the last few years. The 63,000 is less than 1/3 of the number of state employees, and around 6% of the total number of current employees covered by CalPERS. This method of funding, as bad as it is, is the small, almost tiny minority, not the norm.
