Posts Tagged ‘pension’

Pension Retro-Ripoff


Monday February 13th, 2017   •   Posted by K. Lloyd Billingsley at 8:57am PST   •   0 Comments

  Back in 1999, under governor Gray Davis, the State of California boosted pensions and allowed most government employees to retire at the age of 55. This led to a surge of unfunded liabilities, and even Jerry Brown pushed for minor reforms. State employees hired after January 1, 2013, would have to work to…
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Whopper Government Pension Raids Operating Budget


Monday June 27th, 2016   •   Posted by K. Lloyd Billingsley at 9:34am PDT   •   1 Comment

As we recently noted, the Regional Transit authority in California‚Äôs capital of Sacramento cut 20 administrative positions, saving taxpayers $1.5 million. In similar style, the salary of incoming business manager Henry Li is $14,000 less than that of outgoing boss Mike Wiley. Those reductions set a good example, but all is not well at…
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