Is that the employees fault or the voters fault for putting politicians in charge of the funds?
Ken
Ken:
I'm not sure about that....but I do feel really disenfranchised here in CA...( but I still love it. )
A little story.....3 years ago I had a wonderful mechanic that loved the work, he was earning $35.00 per hour at my shop, everyone was happy.
he comes in to work one morning and says he has to give me two weeks notice....!!!

I said, "any wage or anything I can do to keep you here I will do including 5% ownership per year"....he turned me down right there.
He says he put in a job appl. passed all the tests at the L.A. Dept of water and Power about 5 years ago, and they called with his job..... a starting machinist.
......starting wage of a 40 hour week is $94,000.00 a year. + Plus CalPers benefits...and they want him to work up to 60 hours a week if possible....
I was stunned. I've never worked for a company that ......had no competition and could charge whatever they wanted...
I guess it's ........Welcome to Civil Service.
I see him about once a year at antique motorcycle shows and he always says thanks... and sorry to me....

I'm telling my kids and everyone else I know...Easy or not, it may be the best/only chance for a pretty decent existence in America .
things have change Ken, in many public safety jobs ....they suffer a very high percentage of injury / retirements usually after about 5-8 years of hard work.
it is rare to hear of a "full service" P/S retirement anymore.
Thank you Ken for your service to the people of America. you did work hard and should enjoy your retirement.