Illinois public pension reform: no choice
Posted in the Richvale Forum
#1 Dec 2, 2013
it is just a matter of time before our own bankrupt state(calif.) take on public employee pension reform. Thus far, the democrats have papered over the problems created by outrageous public employee salaries/pensions, but now, most of our cities, counties, and special districts are going broke and more and more tax resources are being taken by our state government to pay these costs. Pension reform is the only answer.
retired California government workers
receive pensions in excess of $100,000
They're all listed here.
THE TOP 10 LIST
Name Monthly Annual Employer
Malkenhorst, Bruce V $44,189.02 $530,268.24 Vernon
Fuster, Joaquin M $26,226.08 $314,712.96 UC Los Angeles
Gerth, Donald R $24,590.52 $295,086.24 CSU Sacramento
Garret, William $24,129.46 $289,553.52 El Cajon
Stahl, James F $23,289.98 $279,479.76 LA Co Sanit #2
Schlag, John D $22,604.16 $271,249.92 UC Los Angeles
Southard, Glenn D $22,596.42 $271,157.04 Indio
Adams, Randy G $22,119.79 $265,437.48 Bell
Newell, George T $21,708.82 $260,505.84 Santa Clara County
Schachter, Julius $21,470.66 $257,647.92 UC San Francisco
#2 Dec 2, 2013
Stanford University estimates that California's state and local public pension systems are underfunded by $700 billion, the equivalent of seven state budgets.
Approaching retirement, Ventura County Chief Executive Marty Robinson was earning $228,000 a year.
To boost her pension, which would be based on her final salary, Robinson cashed out nearly $34,000 in unused vacation pay, an $11,000 bonus for having earned a graduate degree and more than $24,000 in extra pension benefits the county owed her.
By the time she walked out the door last year, her pension was calculated at $272,000 a year for life.
#3 Dec 6, 2013
I watched a democrat leader on cnbc who said that Illinois has modified future public employee pension payouts...."FOR THE COMMON GOOD"
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