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Jerry Brown, Democrats reach deal on public pension overhaul
SacBee: The State Worker ^ | 8/28/12 | Jon Ortiz

Posted on 08/28/2012 11:42:31 AM PDT by SmithL

Gov. Jerry Brown and state lawmakers have reached a deal that will alter pensions for hundreds of thousand of local and state workers.

Brown will announce an agreement that promises future employees less and requires many of them to pay more for it than their tenured colleagues, according to details of the plan leaking out this morning.

Brown is scheduled to talk about pension reform tat an 11:30 a.m. Los Angeles press conference. The Democratic governor made cutting public pension costs a key piece of his administrative agenda and has insisted that voters insist on reform before they'll embrace a tax hike on the November ballot that Brown is backing.

Here are the components of the agreement reached between state lawmakers and Brown, according to sources familiar with the agreement. The terms would begin to take effect Jan. 1.:

• As reported Monday, the salary of future hires that will be considered for pension purposes will be capped. The ceilings: $110,000 for employees who participate in Social Security and $130,000 for those who don't, such as fire fighters, police and teachers.

• Brown's proposal to put new hires in hybrid pension plans won't happen. Instead, the pension formulas for new hires -- both safety workers such as police and firefighters and miscellaneous employees -- will be rolled back.

• New employees will pay half of their normal pension costs. Employers would still have to bargain contribution rates for current employees.

(Excerpt) Read more at blogs.sacbee.com ...


TOPICS: Extended News; Government; Politics/Elections; US: California
KEYWORDS: goldenstate; rats; unionthugs; yourtaxdollarsatwork

1 posted on 08/28/2012 11:42:44 AM PDT by SmithL
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To: SmithL
...current employees in those jobs can retire as early as 50 years old and receive maximum benefits, although that happens relatively little
Until now.
2 posted on 08/28/2012 11:44:29 AM PDT by SmithL
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To: SmithL

Yeah.....until now.

Sheesh


3 posted on 08/28/2012 11:46:04 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: SmithL
That seems so unfair to put public workers on the same playing field as private workers.

That's almost as bad as a sales tax replacing income tax!

4 posted on 08/28/2012 11:46:22 AM PDT by EGPWS (Trust in God, question everyone else)
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To: SmithL

We here in California are now screwed.


5 posted on 08/28/2012 11:46:49 AM PDT by edcoil (It is not over until I win.)
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To: SmithL

Comes with pre-printed ballots and only one party showing ... Moonbeam’s legacy.


6 posted on 08/28/2012 11:49:40 AM PDT by ptsal (E)
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To: edcoil

“We here in California are now screwed.”

We already were...they just found a new orifice.


7 posted on 08/28/2012 11:49:51 AM PDT by jessduntno ("Racism is not dead...it is on life support - kept alive by politicians..." - Thomas Sowell)
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To: SmithL

Let me guess. Unions give up 0.025%, and the public gives up 99.975%. And then the unions will remind us in perpetuity that they made huge sacrifices and need to have this wound healed at some point.


8 posted on 08/28/2012 11:53:30 AM PDT by DoughtyOne (Americans want what Americans always wanted: Better lives for families; little government authority.)
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To: SmithL

Take note, this is how we will “save” social security. Don’t piss off current beneficiaries - just screw the next generation.


9 posted on 08/28/2012 11:57:21 AM PDT by andyk (Go Juan Pablo!)
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To: edcoil

“We here in California are now screwed.”

And just how is that by reason of these changes? The fact is, that this will not resolve the issues California has with respect to employee pay, benefits and retirement. It is largely window dressing designed to try and get the RATs more running room when there isn’t anywhere left for them to run. This is just like Vallejo’s “bankruptcy,” They didn’t truly resolve their financial difficulties with their PE unions and they will be back in bankruptcy again in the not too distant future. Same goes for CA. In a perverse way, I am glad that the RATS “own” California because they are going to be in charge when the whole house of cards that is CA government collapses.


10 posted on 08/28/2012 11:57:55 AM PDT by vette6387
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To: edcoil

“We here in California are now screwed.”

And just how is that by reason of these changes? The fact is, that this will not resolve the issues California has with respect to employee pay, benefits and retirement. It is largely window dressing designed to try and get the RATs more running room when there isn’t anywhere left for them to run. This is just like Vallejo’s “bankruptcy,” They didn’t truly resolve their financial difficulties with their PE unions and they will be back in bankruptcy again in the not too distant future. Same goes for CA. In a perverse way, I am glad that the RATS “own” California because they are going to be in charge when the whole house of cards that is CA government collapses.


11 posted on 08/28/2012 11:58:12 AM PDT by vette6387
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To: DoughtyOne

Wasn’t it Medfly Brown who gave state employees the power to unionize in the late 1970’s ?


12 posted on 08/28/2012 12:00:45 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: EGPWS
That seems so unfair to put public workers on the same playing field as private workers.

They aren't on the same playing field. California public workers are in the end zone. The public workers are on the sidelines.............

13 posted on 08/28/2012 12:19:36 PM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: EGPWS

oops, that second ‘public’ was supposed to be ‘private’.......but you knew what I meant, I suppose..........


14 posted on 08/28/2012 12:21:17 PM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: SmithL

lipstick on a pig


15 posted on 08/28/2012 12:22:28 PM PDT by Godzilla (3/7/77)
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To: edcoil

Revelation 18:4 (NIV)

Then I heard another voice from heaven say: “Come out of her, my people, so that you will not share in her sins, so that you will not receive any of her plagues;.....


16 posted on 08/28/2012 12:23:19 PM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: SmithL

BOHICA


17 posted on 08/28/2012 12:23:58 PM PDT by dfwgator
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To: vette6387

Brown is using this agreement to ask tax payers to increase taxes and vote for his proposition. He’ll say, “look! we cut pensions. Now pay more taxes.”


18 posted on 08/28/2012 12:27:13 PM PDT by morphing libertarian
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To: stephenjohnbanker

Brown signed the collective bargaining bill on the last night in office at 5 minutes prior to midnight.


19 posted on 08/28/2012 12:28:45 PM PDT by morphing libertarian
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To: SmithL
It will not be near enough. Jerry just kicked the can. The truth is California can't print money and they are out of it. They can't afford to pay the current obligations let alone future ones. Retired firefighters, cops and teachers, county and state workers will be finding checks that can't be cashed, You all brought it on your selves, you knew this would not last and just like the mortgage fraud your going to wait until it collapses and then stand in the streets with signs, Well guess what your going to pay for medical just like everyone else.
20 posted on 08/28/2012 12:30:43 PM PDT by reefdiver (zer0 One and Done)
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To: SmithL

Wow, I love how the d!ckhead CA hippy baby boomers screwed over the younger generation:
Lets make a plan that gives us a sh!tload of money, then “fix it” and screw over the Gen X’ers.
Did the greatest generation give us the worst generation?

Same thing will happen with any govt funded program, when population ages, too many people will be sucking on the system while too few are paying in. FDR was an idiot!


21 posted on 08/28/2012 12:50:02 PM PDT by No_More_Harkin
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To: reefdiver
Retired firefighters, cops and teachers, county and state workers will be finding checks that can't be cashed

Nonsense, they'll get "vouchers". ;-)

22 posted on 08/28/2012 1:51:00 PM PDT by glorgau
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To: morphing libertarian

Figures.


23 posted on 08/28/2012 1:53:46 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: DoughtyOne

You got it right!


24 posted on 08/28/2012 2:20:20 PM PDT by rawhide
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To: stephenjohnbanker

Yes. And that’s Governor Moonbeam to you bud. ;^)


25 posted on 08/28/2012 3:19:02 PM PDT by DoughtyOne (Americans want what Americans always wanted: Better lives for families; little government authority.)
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To: DoughtyOne

Yessir!


26 posted on 08/28/2012 3:24:47 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: rawhide

Thanks. After seeing it play out like this for decades, it was fairly obvious.


27 posted on 08/28/2012 3:27:35 PM PDT by DoughtyOne (Americans want what Americans always wanted: Better lives for families; little government authority.)
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To: stephenjohnbanker

The only difference now that Schwarzenegger is gone, is that all this isn’t being done in my name any longer. A Democrat is doing it.

The funny thing is, that’s essentially the only bright side of Obama’s term in office. At least the crap was being implemented by my avowed political enemy.

Of course that infers the premise Bush wasn’t my avowed political enemy. And sadly, he actually was.

Can’t wait to have our team bending Conservatives over the barrel starting next year. Good grief...

All the while, folks will be defending him. God this sucks.


28 posted on 08/28/2012 3:35:02 PM PDT by DoughtyOne (Americans want what Americans always wanted: Better lives for families; little government authority.)
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To: DoughtyOne

It certainly DOES!

As for California, it saddens me no end to see what the RINOS, and the left have done to it. I remember when I moved to L.A. in the fall of 1976. To me California was heaven on earth. Now it is bankrupt, and we have to press 1 for English.


29 posted on 08/28/2012 3:45:47 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker

Agreed, and California’s leadership has really screwed up. Californians who voted them in did too.

California hasn’t been responsible for all of it though.

Refugees from other nations, moving into the state with the State Department’s blessing sure hasn’t helped.

The government pulling a massive number of bases and their support structures out of the state heavily impacted the presence of right of center voters too.


30 posted on 08/28/2012 3:52:43 PM PDT by DoughtyOne (Americans want what Americans always wanted: Better lives for families; little government authority.)
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To: DoughtyOne

Yes. All of the things you mention contributed to it.

There are still millions of conservatives in California. The left just overtook us with all of the foreign immigrants, and east coast liberal transplants.


31 posted on 08/28/2012 3:58:15 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker
There are still millions of conservatives in California.

And they need to leave. Because it's only going to get worse. The Democrat supermajority in state government will be an epic failure, yet essentially no way to vote it out.

32 posted on 08/28/2012 4:02:20 PM PDT by nascarnation (Defeat Baraq 2012. Deport Baraq 2013)
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To: stephenjohnbanker

And not to be forgotten, California has been surrendered by the GOPe. What’s it been, 24 years since California was contested?

Imagine you’re trying to get to 273 electoral votes, and you opt to surrender California to you opponent. Simply amazing.

And then you lament the loss of the state?

While these Republican brain trusts are pooling the few cells they have left, they may want to consider that California is the model, of what takes place once you flood a state with illegal immigrants.

And they want to be the illegal’s best friend. Ouy...


33 posted on 08/28/2012 4:05:41 PM PDT by DoughtyOne (Americans want what Americans always wanted: Better lives for families; little government authority.)
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