Pension Meltdown
Pensions Leading Another California City to Bankruptcy
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  • Fat_Man

    If the average pay and benefit package is $177,203, and 36 cents per dollar goes to pension, then the average cop is taking down $130,296. Even allowing $2,000/mo for health insurance, their take home must be about $9,000/mo. I’ll bet they could find people to take those jobs for a lot less.

  • Anthony

    The fate of government pensions is important because they are cornerstone of retirement income: see World Braces for Retirement Crisis – David McHugh & Elaine Kurtenbach (Associated Press).

  • Corlyss

    How did such a small community get in such a fix? Here’s some data:

    Percentage of residents living in poverty in 2011: 25.6%

    Percentage of households with unmarried partners:
    This city: 12.1%Whole state: 7.2%

    Hispanic – 13,251 (51.4%)
    White alone – 8,682 (33.7%)
    Black alone – 1,874 (7.3%)

    Crime rate: more than double that of city-data city averages.

    Source: City-data

    They better think of something else besides disbanding the police.

  • stevewfromford

    When public employee unions bribe or threaten politicians (through contributions or activism) this is the predictable result. $177K for a policeman in a puny burg like Desert Hot Springs? Only in the la-la land of fiscal unconcern that drives the unions!
    If and when a Republican takes the Presidency the best and most important first move he should make is to rescind JFK’s executive order allowing public employees to form unions.
    Kill SEIU before it impoverishes us all!

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