Public employees’ pensions and health care must be addressed, not pushed down the road. Everybody would like nothing more than a comfortable retirement, one that pays all health care costs and gives 90 percent of your highest pay. But you know what? This is not sustainable unless the federal government, state government and city government all address this now. Nobody anticipated the future cost of this or what keeping it under control would take.
There is an old saying that states, “If you find yourself in a hole, stop digging,” but most are ignoring this saying and pushing this problem down the road for someone else to deal with.
California Public Employees Retirement System, or “CalPERS,” is owed almost $8 billion just for this year. How did this happen?
In Alameda County, County Administrator Susan Muranishi will receive $400,000 per year for life. I am sure she thinks this is fair compensation and that she deserves every bit. It is not that bad, considering residents have a per capita income of $34,000.
How many people can you support? I think our public employees should receive a fair retirement, but not equal to their working wage — far from it. With health care going through the roof, I think it is only fair that they contribute somewhat to that.
On another note, why is the U.S. Postal Service constantly increasing the cost of mail services? I am sure this is being addressed too, but if not, it should be.
If only they had all contributed to Social Security, I think a lot of this debt would have been avoided, but unfortunately some did and some didn’t.