Forums / Political & Legal / FYI - re: Calif State Pensions

5 years 26 weeks ago, 9:33 AM

samD

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I thought I would share some information with all of you. I belong to the Retired Public Employees Association of California. (RPEA) There is another movement afoot to attack our pension benefits. A CPA in Southern California is sponsoring a ballot initiative that is called the McCauley Initiative. It proposes to change the state constitution to allow the state to cut current retiree benefits. This ballot measure, which is based on a Wisconsin model that permits the legislature to cut benefits, will appear on the November ballot if it gets the required number of signatures to qualify and it probably will. Please tell your wife, neighbors and enemies not to sign this initiative. It is bad news if it qualifies. Attorneys tell RPEA that this initiative may be unconstitutional on its surface for various reasons, but it could lead to more unnecessary and costly litigation. There is more on there website, WWW.RPEA.com. Also, the ever popular Keith Richman, is back with a new ballot initiative that would limit non-safety public agency employees to a pension of 50% of there final salary and safety employees would be limited to 70% of there final salary. Richman is trying to use the internet to secure signatures to qualify his latest ballot measure. If McCauley succeeds in his quest to place his initiative on the ballot no pension system will be safe. If you are not a member of RPEA think about joining.

5 years 26 weeks ago, 9:42 AM

Mark3030

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wtf

yeah lets take more money from the people who earned it and give to ones who wont (another slice of the pie)

"the thrill of the hunt"
5 years 26 weeks ago, 9:43 AM

samD

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Mark3030

Don't forget, these asshole politicians, get a piece of the pie also.

5 years 26 weeks ago, 9:51 AM

Mark3030

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Samd

they get it first and the biggest and whats left the people have to fight for it (I dont call this socialism, I call communism, like MaCarthism in reverse)

"the thrill of the hunt"
5 years 26 weeks ago, 9:52 AM

charley9toe

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samD

That's great info. I foolishly matriculated my Service pension into my Federal pension. Looked good as I had maxed out, 80%. But now I'm hearing the same thing about my pension. In addition the Universal Health-care proposals, I know, will cost me more money. And BTW for those that don;t know it. If you have health care from the service and turn 65;Medicare is mandatory if you want to keep your service benefits. The only thing Medicare does for me is cost me money. samD, I got to stop reading these type of posts; they are making me nuts !

(You have to look behind all of that outer space stuff)

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