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California public employees such as teachers match the contribution of the employer for their retirement through payroll deductions. California teachers do not get social security. While there are some outliers, the average CA public employee pension is $2945 per month.
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My brother is retired from Los Angeles county. His pension is his full salary plus when he dies his son receives his full salary for life. He also receives all of his health insurance through his pension which is very comprehensive.
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I find it funny how y’all bring up California as ur example but conveniently leave out that Kentucky has the worst pension crisis in the entire country.
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Problem is, how do you fix it? You can't just stop payments and hope they'll somehow survive on their own.
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No wonder!
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But pension contributions allowed the markets to soar. However, bills always come due and Ponzi schemes eventually end.
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My taxes shouldn't be paying for someone else's pension. If Congress gets a Pension, all Americans should get a pension. Businesses should be using Taxpayers money for someone else's Pension!
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If your State legislators won’t fix it, then don’t re-elect them.
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They must stop the pensions. A bankruptcy judge would do something about this.
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