Gov. Employee Unions Beaten
In one of the rare instances of government employee unions taking a beating on an issue, Orange County elects a supervisor the unions hated. The issue: Public employee pensions.
Of interest, for those who claim unions don't contribute much to campaigns, is the following excerpt:
Now he believes that retirement benefits are a looming crisis, in Orange County and for local governments across California. His focus on the issue made him the No. 1 target of the public employees unions in the June 6 election. They spent more than a quarter-million dollars trying to defeat him.
I'm still wondering how well funded the pension funds of our local government employees are?
posted by Fred Mangels @ 8:17 AM
4 comments
4 Comments:
I thought all the local government workers were funded through PERS, which is a statewide fund. Right?
I'm not sure how they're set up. There must be some local differences because some cities seem to be in better shape regarding employee pensions than others. I would think it depends how much the different cities contribute towards the retirement programs vs. what sort of retirement benefits they pay for.
RE: P.E.R.S.
MOST California cities, counties and special district government agencies choose to use Cal-PERS to handle their public pensions, but some choose to do it on their own. For instance, the City of San Diego recently got into trouble by over-investing and losing public pension money that threatened the solvency of the fund for current and future retirees from that system.
RE: CAMPAIGN DONATIONS
One doesn't have to look as far as Orange County to see the corrupting influence of large, special interest campaign donations. Right here in good 'ol Humboldt County, Blue Lake Casino gave Bonnie Neeley $10K and Bear River gave Paul Gallegos $12K. Does anyone seriously believe these donations don't buy votes and public policy?
Chris Crawford
The Bear River Casino and the murderer's parents. The murderer who stabbed a native american in the heart for $50 and some drugs, and the media covers the murderer's mother sympathetically as a "native american." Despicable.
Post a Comment
<< Home