Comments may be sent to american.scumbags@gmail.com

Sunday, October 30, 2011

FLASHBACK: NEVER FORGET


"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):

  • 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.

No comments:

Post a Comment