Thanks BC for coming over to the last post
You brought up a lot of important points about public employee compensation. The lush salaries and benefits are not conducive to good work ethic. Instead of promising sky’s-the-limit salary and benefits off the top, Council needs to offer a reasonable starting salary and set specific metrics for performance, future salary increases and long-term benefits. And other stuff, thanks for keeping the conversation going!
You observed and I agree, “The lack of accountability and the lack of responsibility in jobs where a fixed salary is present generates a much different work ethic than incentive based compensation plans in the private sector . ” I’ll add, defined benefits plans – employer-sponsored retirement plans that promise a specific, predetermined monthly income for life after retirement, regardless of performance, and regardless of our town’s financial well being. This type of employee compensation is not only tanking our town financially, but like you said, it’s not an efficient way of guaranteeing quality performance.
A better system would be defined contributions plans. Meaning, essentially, the employees pay more for their benefits, and they shoulder the responsibility when CalTRANS tanks. I don’t pertend to be a expert in these affairs but I been studying up on it. I really don’t trust city management to give me straight answers, I look it up on The Wikipedia.
BC echoed a sentiment I’ve had for years, “Why is it only the taxpayers are on the hook for the unfunded pension liability? I believe it’s because the biggest contributors in the city council elections are the employee unions. That’s another conversation, but it has to be had before we will get any changes in the compensation scam.
I’ll say, if we had good employees, they wouldn’t be feathering their nests with all of our future. Why do we put up with it? Because we have our jobs, and our kids, and our bills to pay. We need to take some time to think about these issues so we can make informed contributions to the conversation Downtown. Especially at Election Time.
Next time, on “This Old Lady Gets the Bill… and so do YOU!”
Chico Taxpayers Association 
One Response to “BC: Why is it only the taxpayers are on the hook for the unfunded pension liability?”