Tag Archives: Lou Binninger

Lou Binninger: The Pension Heist

14 Jul

Here’s a must-read:

http://territorialdispatch.biz/component/edocman/?task=document.viewdoc&id=337&Itemid=0

Cities  going broke paying down pension debt, CalPERS investments based on bribery, a scandal that led to the suicide of one CalPERS official. 

The city of Chico agrees to contracts with public employees stipulating all employees must pay union dues whether or not they want to be in the union. The city also agrees to collective bargaining. The unions are the biggest donors in every local election.  These problems could be solved with city ordinances. 

Think about it.