The California $100,000 club!

[Rick]

An LA radio station published findings that over 9000 former California government employees are getting total retirement benefits of at least $100K per year. This includes many employees who retired at 50 with 90% of their wages, which they hiked up in the last year they worked by doing overtime, etc, plus complete free medical benefits.

California ordinary citizens must be happy about that, because although 12% are unemployed because democrat legislators drove many businesses out of the state by creating an anti-business environment, and many are losing their homes, at least they can be comforted by the fact that the people who served them at the DMV for many years are well taken care of.

Oops - but CA is tens of billions of dollars in debt. But to keep the trainloads of money going to their current (overpaid) government drones, and former drones, the democrats put a $12.5 billion tax increase on the ballot. Yes, in the midddle of the democrat recession. Recent polling data, in this liberal state, gives the popular response: screw you, it aint gonna happen.

 

[Gipper]

An LA radio station published findings that over 9000 former California government employees are getting total retirement benefits of at least $100K per year. This includes many employees who retired at 50 with 90% of their wages, which they hiked up in the last year they worked by doing overtime, etc, plus complete free medical benefits.

California ordinary citizens must be happy about that, because although 12% are unemployed because democrat legislators drove many businesses out of the state by creating an anti-business environment, and many are losing their homes, at least they can be comforted by the fact that the people who served them at the DMV for many years are well taken care of.

Oops - but CA is tens of billions of dollars in debt. But to keep the trainloads of money going to their current (overpaid) government drones, and former drones, the democrats put a $12.5 billion tax increase on the ballot. Yes, in the midddle of the democrat recession. Recent polling data, in this liberal state, gives the popular response: screw you, it aint gonna happen.

And this has been repeated across the nation in some fashion or another.

Thanks to liberal politicians.

In a sane nation, the terrible consequences of liberalism would be know to all and would be completely discredited.

 

[pocketfullofshells]

And this has been repeated across the nation in some fashion or another.

Thanks to liberal politicians.

In a sane nation, the terrible consequences of liberalism would be know to all and would be completely discredited.

how many private sector jobs in cali pay the same?

 

[Rick]

how many private sector jobs in cali pay the same?

It's about retirement benefits, oh reading-challenged one. The huge california government pension system, CALPERS, has absolutely no counterpart in the private sector. Former government drones get lavish defined benefit pensions, normal people get 401ks - if they're lucky.

 

[dahermit]

It's about retirement benefits, oh reading-challenged one. The huge california government pension system, CALPERS, has absolutely no counterpart in the private sector. Former government drones get lavish defined benefit pensions, normal people get 401ks - if they're lucky.

401ks are a middle class benefit. "Normal people", work for minimum wage without any disposable income and benefits.

 

[Rick]

401ks are a middle class benefit. "Normal people", work for minimum wage without any disposable income and benefits.

Uh, no, the median household income in the U.S. is $43,326.

http://www.mybudget360.com/how-much...reaking-down-the-us-household-income-numbers/

In any case, the defined benefit pension, almost unheard of any more in the private sector, is pretty standard for government workers. That they should be vastly over-compensated, particularly in times like these, is outrageous.

 

[Little-Acorn]

An LA radio station published findings that over 9000 former California government employees are getting total retirement benefits of at least $100K per year. This includes many employees who retired at 50 with 90% of their wages, which they hiked up in the last year they worked by doing overtime, etc, plus complete free medical benefits.

California ordinary citizens must be happy about that, because although 12% are unemployed because democrat legislators drove many businesses out of the state by creating an anti-business environment, and many are losing their homes, at least they can be comforted by the fact that the people who served them at the DMV for many years are well taken care of.

Oops - but CA is tens of billions of dollars in debt. But to keep the trainloads of money going to their current (overpaid) government drones, and former drones, the democrats put a $12.5 billion tax increase on the ballot. Yes, in the midddle of the democrat recession. Recent polling data, in this liberal state, gives the popular response: screw you, it aint gonna happen.

Is my math right? Does this come to just under a billion dollars a year?

And that's just for the ones getting $100K/yr or more in retirement. How many more are getting "only" $80K or $90K? How much does California pay out every year for retirement, medical for retirees etc. in toto?

 

[Rick]

Is my math right? Does this come to just under a billion dollars a year?

And that's just for the ones getting $100K/yr or more in retirement. How many more are getting "only" $80K or $90K? How much does California pay out every year for retirement, medical for retirees etc. in toto?

You're right about the billion dollars - maybe I should have called it the Billion Dollar Club. As for everyone, from the CALPERS wiki entry:

In fiscal year 2007-2008, $10.88 billion was paid in retirement benefits,[2] and in calendar year 2009 it is estimated that over $5.7 billion will be paid in health benefits.[3]

As of December 2008, CALPERS managed the largest public pension fund in the United States with $179.2 billion in assets;

When it comes to shipping wealth to government types in california, we don't fool around, even in a deep recession!

 

[TruthSeeker]

Even that venerable bastion of truth, justice, and the American way, "Wikipedia", can't avoid the cold hard facts about CALPERS.

Hard statistics always shut up the leftist peanut gallery. PFOS can't compete with this stuff.