"Reforming Public Employee Compensation And Pensions"
By California Center for Public Policy
October 6, 2010
Link: http://californiacenterforpublicpolicy.com/Reforming-Public-Employee-Compensation-Pensions.pdf
Excerpt (see study cited directly above):
October 6, 2010
Link: http://californiacenterforpublicpolicy.com/Reforming-Public-Employee-Compensation-Pensions.pdf
Excerpt (see study cited directly above):
- Frequently, California public employees, particularly in public safety, pay less than half or even nothing toward the employee’s portion of retirement programs for the benefits they will receive.
Commentary:
- Remember, taxpayers bear the market risk of these pension funds and must cover any shortages due to declines in market value.
- Thus, as the market tanks, the taxpayers get screwed again.
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