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

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.

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     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.

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