ballot proposition to decrease state worker’s pay?

[CA renter]

[quote=sdduuuude]The cost of pensions where much the pain lies. Pensions are too generous, too expensive, and too poorly managed.

CA promised too much, then sent all the pension money down the shitter with dumb-ass investments. Now, they have to dump more money into the pension system to keep the promise, which was too much to promise in the first place.

Bankrupcy is the only way out.[/quote]

Even I agree that the pensions are too generous, and need to be brought back to 2% @ 55: 2% of an employee’s highest base pay, which does NOT include overtime, multiplied by the number of years worked, and they can retire at 55.

Remember that these pensions were granted when the pension funds were fully funded (were “technically” over-funded), during the stock market bubble in the late 90s.

[Arraya]

The pensions are full of wall street promises.

[Arraya]

The pensions are full of wall street promises.

[Arraya]

The pensions are full of wall street promises.

[Arraya]

The pensions are full of wall street promises.

[Arraya]

The pensions are full of wall street promises.

[DWCAP]

[quote=Ash Housewares]
For what it’s worth, public employees in my profession and experience level make about 40% more than their private sector counterparts in raw salary; I’m not even counting the extra benefits like retirement pay. I’d vote for something along the lines of public salary=private salary*frac, where frac could be negotiated by profession but ideally around 0.8 to account for the retirement perks.[/quote]

What do you do and how do I get to do it too?

[DWCAP]

[quote=Ash Housewares]
For what it’s worth, public employees in my profession and experience level make about 40% more than their private sector counterparts in raw salary; I’m not even counting the extra benefits like retirement pay. I’d vote for something along the lines of public salary=private salary*frac, where frac could be negotiated by profession but ideally around 0.8 to account for the retirement perks.[/quote]

What do you do and how do I get to do it too?

[DWCAP]

[quote=Ash Housewares]
For what it’s worth, public employees in my profession and experience level make about 40% more than their private sector counterparts in raw salary; I’m not even counting the extra benefits like retirement pay. I’d vote for something along the lines of public salary=private salary*frac, where frac could be negotiated by profession but ideally around 0.8 to account for the retirement perks.[/quote]

What do you do and how do I get to do it too?

[DWCAP]

[quote=Ash Housewares]
For what it’s worth, public employees in my profession and experience level make about 40% more than their private sector counterparts in raw salary; I’m not even counting the extra benefits like retirement pay. I’d vote for something along the lines of public salary=private salary*frac, where frac could be negotiated by profession but ideally around 0.8 to account for the retirement perks.[/quote]

What do you do and how do I get to do it too?

[DWCAP]

[quote=Ash Housewares]
For what it’s worth, public employees in my profession and experience level make about 40% more than their private sector counterparts in raw salary; I’m not even counting the extra benefits like retirement pay. I’d vote for something along the lines of public salary=private salary*frac, where frac could be negotiated by profession but ideally around 0.8 to account for the retirement perks.[/quote]

What do you do and how do I get to do it too?

[Anonymous]

I agree with DWCAP fully. 1. How do I get the job where public is paying in any aspect hirer than the private sector. 2. Bring “public managment” figures into reality and make them pay into there pensions. They are making the big bucks (still nowhere near the private sector) pension benefits should be for the front line guys who do the work and do not make a king’s ransom. You would have to sell it to the top dogs, but might be easier to do if the majority understand it might save their pension. I think a guy that sweeps your streets for 30,000 a year for 30 years deserves 3% or 2% at 60, since most are not going to get SS.

[Anonymous]

I agree with DWCAP fully. 1. How do I get the job where public is paying in any aspect hirer than the private sector. 2. Bring “public managment” figures into reality and make them pay into there pensions. They are making the big bucks (still nowhere near the private sector) pension benefits should be for the front line guys who do the work and do not make a king’s ransom. You would have to sell it to the top dogs, but might be easier to do if the majority understand it might save their pension. I think a guy that sweeps your streets for 30,000 a year for 30 years deserves 3% or 2% at 60, since most are not going to get SS.

[Anonymous]

I agree with DWCAP fully. 1. How do I get the job where public is paying in any aspect hirer than the private sector. 2. Bring “public managment” figures into reality and make them pay into there pensions. They are making the big bucks (still nowhere near the private sector) pension benefits should be for the front line guys who do the work and do not make a king’s ransom. You would have to sell it to the top dogs, but might be easier to do if the majority understand it might save their pension. I think a guy that sweeps your streets for 30,000 a year for 30 years deserves 3% or 2% at 60, since most are not going to get SS.

[Anonymous]

I agree with DWCAP fully. 1. How do I get the job where public is paying in any aspect hirer than the private sector. 2. Bring “public managment” figures into reality and make them pay into there pensions. They are making the big bucks (still nowhere near the private sector) pension benefits should be for the front line guys who do the work and do not make a king’s ransom. You would have to sell it to the top dogs, but might be easier to do if the majority understand it might save their pension. I think a guy that sweeps your streets for 30,000 a year for 30 years deserves 3% or 2% at 60, since most are not going to get SS.

[Author]

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