Firstly: Public employeees should all be paid decent wages. and if need be, be paid more in salaries while working, but to make three or four times more money in retirement pensions, than while working is obcene!
Sheriff Jim Anderson was just defeated and is retiring.
He will receive a pension of $186,000 per year with a guaranteed minimum increase on the pension total of the previous year of 3% (compounded). 2nd year = $192,000, 3rd year = $198,000, etc. If the CPI is higher than 3%, the yearly increase matches the CPI; PLUS lifetime free medical.
His wife gets 60% of his pension plus free medical care for life if he pre-deceases her, and the odds are that he will.
At age 53, he should live to age 83 by the actuaries. This amounts to (not counting the probability that he dies before his wife) a minimum pension (just with 3% yearly increases) of at least $6,400,000, which is about four times what he has earned as a deputy and finally as sheriff in his entire career of 30 years in the department.
Most rank and file deputies, police, firefighters and civilian public employess do not get this type of huge pension, but pensions from $70,000 and up per year with the same conditions are not uncommon.
No private business in this country pays workers these kinds of pensions. Most retiring workers today receive no pension at all and get no free medical care either. DO YOU?
The unfunded pension systems for all public entities in California, counties and cities will eventually break them! The State of California alone has over $100 BILLION DOLLARS in unfunded pension liability!
Our local city and county elected officials are all after the support of public employees unions and this is their pay-off. If you want to hear double-talk, ask anyone running for city council, county supervisor or state office about their position on public employee pensions. They are the "third rail" of politics!
All our politicians (who are in bed with the public employees unions) are leaving our future an expensive legacy !
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