Posts Tagged ‘pensions’
It’s deja vu all over again. Sorta. UPDATE: Video added
As I watched Fox News Sunday this past weekend, I almost fell off my chair during the “Is labor losing its clout?” segment, wherein Chris Wallace interviewed two representatives of public workers unions, Dennis Van Roekel, President of the National Education Association, and Thea Lee, Deputy Chief of Staff of the AFL-CIO.
Read MoreGovernment employees, think about this…
Bankruptcy. It is not exactly a pleasant thought, but it could be in your future. Unthinkable? Read on…
Read MoreLarge tax hikes required to fund future state and local pension liabilities
Future funding of state and local employee pension plans is a complex subject. It’s not a sexy story, and I really don’t think people want to worry about stuff that will happen next week let alone a decade or two down the road. That said, one academic study out of Northwestern University suggests huge tax…
Read MoreNewport Beach lifeguard staff and unsustainable pensions
Lifeguards have an important job as first responders saving lives just like EMTs and paramedics. But in Newport Beach, Calif., it’s not a question of their performance or need, it’s the $100,000 in pay and benefits many guards earn each year after retirement at age 50.
Read MoreSome on the left are finally getting it
Would you expect a mini-uprising against public unions to be launched in San Francisco, California? Would you expect that Democrats would be leading this mini-uprising? If your answer to either of these questions is, “no”, please read on.
Read MoreSan Jose police chief clears $534,000 during final year in position
Not a bad deal at all, but wait till you hear how much he gets to make in retirement. Yes, this is an individual case that does not represent every public employee. But it is a good example of what is wrong with the system. Cities and towns are writing post-dated checks that must be…
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