Four ways to get California in the black:
-Stop paying for social services to illegals
-Cut pensions for state employees in half
-Go after wefare fraud
-In lawsuit cases plaintiffs and their lawyers are liable for damages up to 50% of what they were asking for if they lose their case
The current formula is 3.0 at age 50. Maximum 90%
Here's how I would change the formula for cops and fire fighters. 2.5 at age 57. 2.7 at age 62. Maximum 75%.
Regular employees 2.0 at age 60 and 2.5 at age 67.During the crunch I would do the following. Reduce everyone's pay over 3,000 a month by 5%. Over 5,000 7%, over 8,000 10% until the state is out of bankruptcy.