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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (243614)	4/10/2010 1:13:26 AM
From: GST	Read Replies (4) \| Respond to of 306849

<half pay? -lol- CA state employees are laughing at such crumbs. they get 90% of their last pay and get to include overtime!> You see this is where the ignorance, fear, hatred and flat out propaganda kicks in. In order to get 90% of their pay, the average California State worker would have to have been on the job for 40 years -- which means there is no way they could retire at 49, or 55 -- unless they began their service at age 15. And the pensions they receive were pensions they paid for -- yes, they paid for them. They paid for them by taking lower salaries -- and their lower salaries are documented -- and they agreed to defer their compensation and pay into an investment trust -- which they would have been doing every month for forty years. So get off of your high horse and shut up if you can do no better than to hurl absurd charges against people that worked for a lifetime and agreed to defer their income in an honorable manner.