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Letter: City of Lodi faces hard decision on retirement costs

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Posted: Tuesday, October 15, 2013 12:00 am

Do we think this economy has improved? I don’t think so, and it won’t do so anytime soon.

It would be nice to continue letting people retire at 50, but can we afford it? In my opinion, the answer is no. Lodi Councilman Bob Johnson is concerned about where we’re going to get $16.9 million annually to pay for retirement benefits in 2020. I’m sure that someone on the Lodi City Council at the time was setting up those retirements and giving away extreme amounts of our tax dollars without thought of the future.

Different departments have been promoting people just before their retirement, just so they can get more money, in my opinion. I’ve heard about this for the last 20 years. Someone is going to have to finally make a hard decision: Either address pensions and benefits now, or get ready to sell City Hall.

Council members have access to the numbers, but a lot of people are depending on their retirement and benefits, and rightfully so. Is one group entitled to the majority of benefits, or should we spread it equally among all employees?

Administrator of Alameda County Susan Muranishi retired at $400,000 a year for life. How many retirees in Lodi make this much in retirement? If it doesn’t work, we shouldn’t buy it.

Ben Coleman

Lodi

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1 comment:

  • Bob Johnson posted at 12:33 pm on Tue, Oct 15, 2013.

    Bob Johnson Posts: 26

    Mr Coleman

    that 16+ million dollar number is just for the 2019/2020 fiscal year. how much do you want to bet it will be higher as time goes on

     

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