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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (96943)	1/26/2005 10:21:19 AM
From: LindyBill	Read Replies (1) \| Respond to of 793859

And people wonder why states have financial problems. Look at this pension! California Insider A Weblog by Sacramento Bee Columnist Daniel Weintraub « Long summer, and fall? \| \| When it rains... » January 25, 2005 Nice offer Among several emails this morning from public employees asking me to stop writing about their pensions, as I did in this column, was this one that cut against the grain. The author described herself as a public employee in the San Diego area: "I agree whole-heartedly with your article in today's Sacramento Bee. However, I didn't notice you bringing attention to the fact that PERS doesn't cap benefits at 100%. As a person who has been working in a PERS-qualifying job since I was 21, and imagining that I will retire at age 60 (coupled with the fact that I work for a local government that has granted 3% at 60 to miscellaneous employees), my 39 years of service, times 3% will give me approximate 117% of my highest salary. I cannot be the only person in California who will be in this, or a similar, situation." I'd be more than happy to simply accept 100%. sacbee.com