If you are the average taxpayer living in the average California small city, chances are pretty good you know very little about local politics, can name a city council member or even care where city hall is located. Chances are even greater you have no interest in dull topics like Unfunded Liabilities, CalPERS or public employee compensation packages. Well in the next few years, whether you like it or not, you will know a lot about these topics as very few issues will have a greater direct impact on your wallet and safety than these.
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The Federal Reserve / World fiat banking system is going to implode once people realize the scope of this Satanic Ponzi scheme. That's when precious metals and other hard assets will go parabolic.
Calpers investment in citys
Gover brown fixed it safty retired 57 regular 62 .
I rather fight corruption.
I just realized that CALPERS and the pension system is a lot of what's wrong with California's economy.
Greed at its' finnest. Does in matter when everyone is taking cue from the fat cats of spin?
Eye Candy spokeswoman Madman has no financial background..none of her figures add up to made up for 1Trillion $ deficit
The current CalPers system, with the people saying the average rate is above 7%, are fools. If you looking at the rates each year the averages are less than 7%.
Take one of the best pension programs like LACERA. Its return for 2020 was 2%, and it's considered to be one of the best pensions out there. The pensions management is horrible. I am a high school graduate with no formal investment training and my brokerage account returned 53% based on my simple investments. The management company are the only ones getting rich.
We could run this state on 10% of what they steal from the taxpayer.
Defund the Government and stop with the pensions.
All the gas tax money is used to pay for the pensions.
Go To Transparent California see all salarys unbelievable !!!
https://transparentcalifornia.com/salaries/all/?s=-total&page=1
hardworking americans?
these people spend their entire day checking their stock portfolio with their smartphones
so why does CalTrans need 35000 architects?
This is a Ponzi Fund, pay now, go bankrupt tomorrow.
Hell cooking for 50 years why didn't i get into dogcatshing @ 129,000 a year wow
Bring on the bankruptcies!!!.
My private sector retirement income from social security and 401K is $24,000 a year. I am more than happy to support a government retiree of 50 years old getting a $200,000 pension. I love paying for other people. Call me a generous guy.
Private industry has done the same, squeeze the worker, no wage growth, higher profits
decrease cost, profit trumps all
Hey seven percent, WOW, that is not in the cards.
Let people know they will be taxed for the short fall.
and stop the MADNESS (criminal)
YEP YOU GET LESS. one plus one = two , not three
bankrupt, KILL THE ZOMBIES IN CITY HALL
Move now, avoid the tax bill.
Police officers are retiring at 20 years, where as school district employees retirement is set at 30 years at age 62 .i get peanuts.
Repeal SB 400
$75,000 base pay for a dog catcher is not bad at all
$24,689 in OT are dogs running wild in CA ? he must be a real needed employee if he makes an extra 1/3 base salary in OT
$11,000 medical (must have family plan)
10% employee contribution
16% employer contribution
$129,201.80 total compensation
forget dogs being mans best friend – a dog catcher is a dogs BEST friend!
How about those who make as little as 600 a month?
Best thing that can happen to CA is for everyone to abandon ship. If everyone leaves, there'll be nobody to pay for this mess.
A sad and tragic situation, but I have no sympathy for these civil servants who have been suckling on their g’ments teats for their entire (20-25 year) careers with fantastic salaries and benefits, then expect to retire on 90% of their last 5 year salaries!! Absolutely insane!!