Home › Forums › Financial Markets/Economics › Another excellent Economist Mag article on the terrible state pension issues
SK, the 63,000 count, is just Bay Area municipalities and counties. Alameda county is 9000+ employees, Oakland city another just short of 5000. etc.
BTW, I’m not sure how saying the he guessed wrong, when he said “I guess not” to someone else saying they’re fixed is saying they’re not fixed.
I doubt the people who are defending the pension system or telling us it’s been “reformed” or fixed were even aware of this.
It’s the attitude that bothers me the most. They get their pensions, no matter how much they cost and if we even question it or point out the self dealings we’re “jealous”.
Someone else said they hear court employess say things like “the public doesnt want to pay for services anymore…”. Uh, no – we demand service. We demand your best. Sure, at some point there will be a degredation if funding is truly lacking, but in the meantime every stone needs to be turned in terms of efficiency, process improvements and wage and benefit reductions. Not “well we used to do that but Joe retired and I’m not going to do more”.