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To: GST who wrote (243617)	4/10/2010 1:23:44 AM
From: marcher	Respond to of 306849

"...they agreed to defer their compensation and pay into an investment trust -- which they would have been doing every month..." gst, thanks for being a voice of reason. repetition of the "actual" facts is essential these days. it's those "perceived" facts that screw-up everything.

To: GST who wrote (243617)	4/10/2010 1:27:24 AM
From: Skeeter Bug	Read Replies (3) \| Respond to of 306849

>>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.<< GST, you are simply lying. “That’s our group,” said Hamm. “We negotiated the ‘3-at-50’ plan.” calpensions.com 3% x 30 years = 90% at 50 if one starts at 20. and the pay is pretty good, too. chp.ca.gov read on down - $109k per year after 5 years... that's more than an most degreed engineers make for the same work experience - and will often entail fewer hours worked. oh, and the engineers get no pension equal to 90% of their salary after 30 years... forever. stop spreading lies and accusing people who tell the truth of lying. deal with the truth, mr. misinformation clown. and while we are exposing your lies... the ice is growing... news.com.au wrong way GST...

To: GST who wrote (243617)	4/10/2010 10:18:44 AM
From: fatty	Read Replies (1) \| Respond to of 306849

Deferred or not, when it comes to talking about compensation, these public servants always complain about how underpaid and overworked they are. Yet, they don't want to leave their job nor do they perform their job with greater enthusiasm. That sounds like they neither have better job prospect in the private sector nor have higher pride in their work.

To: GST who wrote (243617)	4/11/2010 2:44:21 AM
From: energyplay	Read Replies (1) \| Respond to of 306849

There was an idea that city employees would take lower salaries in return for higher pensions in the San Jose area. This was a way of kicking the can down the road to the next generation. The lower salaries thing went away some time ago. Now the cities are stuck with high percentage pension commitments, which are now multiplied by the higher salaries. My guess is this will workout on a city by city basis - the richer cities will have to live up to most their commitments, the really poor ones will move to BK, and the commitments will be cut. The cities in between will be the most interesting, they may cut some deals, or have small tax increases / service cuts to get by.