Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: 8bits who wrote (144308)	9/16/2010 2:06:00 PM
From: JohnM	Read Replies (1) \| Respond to of 543213

The pensions for California public employees are not matched anywhere in the private sector that I am aware of. As, I suspect you are aware, the early retirement provisions in public employee pensions were negotiated largely as tradeoffs--not as much salary early retirement. The hope was that would help attract better workers. In the views of many public employees it's, at least partially, that contract which is being broken. In Jersey, on the pension issue, the state government simply failed to contribute to public employee pensions funds for many years.