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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
TIME BOMB: Almost 80,000 People In California Are Collecting Six-Figure Taxpayer Funded Pensions
Posted by:
Orange County Register
()
Date: November 12, 2019 09:10AM
California’s 100k club grows as tax hikes mount
Almost 80,000 retired public employees in California are drawing pensions in excess of $100,000 per year, according to an analysis of 2018 pension payout data by Transparent California. The $100,000 club members collected 20 percent of the $51.7 billion in total public pension payments made last year in California.
Both the number of six-figure pensions and the total payout were new record highs. If public pensions were a competitive sport, California’s trophies would weigh enough to sink the state…
Why do voters approve tax increases? The ballot language of Measure C in South Pasadena was typical of the genre:
“To maintain 9-1-1 emergency response times, including to home break-ins and thefts; neighborhood, school and park police patrols, fire/paramedic services, fire station operations, emergency preparedness; retain/attract local businesses; maintain streets/infrastructure; provide other general services and maintain City finances, shall the City of South Pasadena establish a 3/4¢ sales tax providing approximately $1,500,000 annually until ended by voters, all funds remaining in South Pasadena?”
The word “pension” is never mentioned, because pension obligations have first call on the tax revenue already collected, pulling money away from priorities listed in the ballot language.
https://www.ocregister.com/2019/11/08/californias-100k-club-grows-as-tax-hikes-mount/
https://www.thegatewaypundit.com/2019/11/time-bomb-almost-80000-people-in-california-are-collecting-six-figure-taxpayer-funded-pensions/
Almost 80,000 retired public employees in California are drawing pensions in excess of $100,000 per year, according to an analysis of 2018 pension payout data by Transparent California. The $100,000 club members collected 20 percent of the $51.7 billion in total public pension payments made last year in California.
Both the number of six-figure pensions and the total payout were new record highs. If public pensions were a competitive sport, California’s trophies would weigh enough to sink the state…
Why do voters approve tax increases? The ballot language of Measure C in South Pasadena was typical of the genre:
“To maintain 9-1-1 emergency response times, including to home break-ins and thefts; neighborhood, school and park police patrols, fire/paramedic services, fire station operations, emergency preparedness; retain/attract local businesses; maintain streets/infrastructure; provide other general services and maintain City finances, shall the City of South Pasadena establish a 3/4¢ sales tax providing approximately $1,500,000 annually until ended by voters, all funds remaining in South Pasadena?”
The word “pension” is never mentioned, because pension obligations have first call on the tax revenue already collected, pulling money away from priorities listed in the ballot language.
https://www.ocregister.com/2019/11/08/californias-100k-club-grows-as-tax-hikes-mount/
https://www.thegatewaypundit.com/2019/11/time-bomb-almost-80000-people-in-california-are-collecting-six-figure-taxpayer-funded-pensions/
Re: TIME BOMB: Almost 80,000 People In California Are Collecting Six-Figure Taxpayer Funded Pensions
Posted by:
3udht
()
Date: November 12, 2019 09:16AM
Re: TIME BOMB: Almost 80,000 People In California Are Collecting Six-Figure Taxpayer Funded Pensions
Posted by:
Don't like it?
()
Date: November 12, 2019 10:03AM
Don't like it? Well, then don't promise them pensions in the first place.