Manhattan Institute: California Crowd-out – How rising retirement benefits costs threaten municipal services

3 May

http://www.foxandhoundsdaily.com/2015/05/pensions-leaving-cities-in-holes/

Advertisements

2 Responses to “Manhattan Institute: California Crowd-out – How rising retirement benefits costs threaten municipal services”

  1. Jim May 3, 2015 at 6:00 pm #

    “Well, you can’t rightly diminish current pensions or future pensions of existing employees since they are essentially a contract right.”

    Baloney! Every company I’ve ever worked for has changed the 401K contribution and other benefits on a yearly basis. Usually the change was not in our favor either. How is it possibly different for public employees? With the exception of ones who are under a collective bargaining contract (union). In that case, benefits are renegotiated on a contract to contract basis. Benefits don’t always have to go up, they can go down too.

    • Juanita Sumner May 4, 2015 at 5:18 am #

      I agree. We need to get it across to these people – “we” never promised them anything, they just took it. They make these contracts with themselves, the taxpayers never get a foot in the door on these “negotiations.”

      This is a “Repo Man Grab,” and we need to get our hand in there and TAKE just like they’ve TAKEN. No more “FAIR”, no more “NICE” – we need to act like the teachers’ union, and start holding up our fists.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: