I think public employees who voted for decades to get their bennies and the state of the state to where it is, need to have taxes taken out of their retirement plans in the state they worked in, if they then flee the state to avoid the mess they’ve helped to make and forced everyone else to live under.
need to have taxes taken out of their retirement plans in the state they worked in...”
Wholeheartedly agree. If they ever voted for it, they should suffer the consequences.
something not quite right about California govt pensioners escaping their state after pulling in all the money, leaving their old state basically bankrupt....only to enjoy the life in other fiscally responsible states....
For a long time, the California tried to tax pensions which had been earned in CA. But, finally a Federal Court told them "no dice". The pension can only be taxed by the state where the recipient is living.
It should be a provision for pensioners to either live in the hell-holes they are drawing a pension from, or if they leave, they forfeit 75%.
It is really unfair that some CA superintendent draws a 300K per year pension, then moves to a low or no tax state.
Places like Detroit or Chicago therefore pick up all of the obligations, but don't get the tax receipts.
The hard-working people left get stuck holding the bag.
My husband was force-retired after being seriously injured doing his job. He PAID into his retirement, insurances, all taxes, SS, forced high union dues, etc., for 20 years. (To receive his pension, he can never receive SS, ever, btw.)
On $30K, we cannot afford to live in CA. We still pay for insurances, even the forced maternity & “gender reassignment” higher amounts dictated by the criminals in charge. We used to live in the Sierras when it was affordable. The Bay area swooped in, making the COL insane. We had to sell our home when he was injured. Once the retirement went through, we bought a home in northern ID where our savings was enough for the 25% down payment.
I do not like being over 1000 miles away from my daughter and grandchildren, but love living here. We grow a good portion of our food and can use a wood stove to heat, cutting costs down. Taxes are somewhat reasonable. As long as I budget carefully, we are okay.
He NEVER voted with the union, except on safely issues. One coworker, rightly, commented that the union would lobby them out of a job. He was right, the CYA was assimulted into the corrections system after my husband was out of there.
For those who think that the majority who paid into the system, get the average $30K per year, still pay for insurances and the like, is “unfair” and we should be punished because a state has been run by the socialist/ commies we never voted for or policies we voted against, wants more monies to continue giving out a free living to those who never paid into the system, including the criminal illegals the state supports?
My husband earned his retirement. He owes CA nothing, nor does he owe those who are... jealous?, because we got out if that fascist state.
If one wants to have fits over the CalPERS pensions then look to the politicians who forced CalPERS to give them high pensions and other bennies without paying one thin dime into it, or those high in various agencies who get promoted by their political buddies just long enough to get an unearned high pension.
For those who still want us to be punished for being intelligent enough to leave, you can all kiss my middle-aged backside.