Jerry Brown has rolled out his plan to address the public employee pension calamity with the full knowledge that it really doesn’t fix the problem and that the Democratic-Labor power structure he leads will never go along with it.
$100,000 she would make as mayor. Instead, the city would pay her a
pension based on her district attorney earnings, which are about
$150,000 more.
“This system, called reciprocity, allows public employees to
credit their highest pensionable earnings to different governments’
pension systems. Reciprocity would spike Dumanis’ city pension by
$43,000 a year more than if it were based on her mayoral
salary.”
The total she could get: $305,000 a year.
“The analysis is conservative. It doesn’t take into account
potential judicial pay increases, any raises Dumanis could receive
as district attorney or any pension cost of living increases,” the website reports.
Dumanis insists she wouldn’t take the city pension and wants the system reformed but she opposes a June ballot measure that would impact all new city hires except cops. She wants firefighters lifeguards protected too.
“I think there’s something wrong with that system,” said
Dumanis, a Republican. “I didn’t create that system and I’m going
to fix that system.”
According to the article, Dumanis drew a distinction between pensions, saying it’s the city’s system that
is “unaffordable, unsustainable and needs reform. She defended her pension as one earned after decades of hard
work in public service. Her benefits were promised at a time when
pensions made up for government salaries that were lower than the
private sector. Partners at private law firms in the city, she
said, earn much more than she does as district attorney.”
It’s tough to be a reformer of a system that provides such unbelievable benefits to you as it does Dumanis. It isn’t any easier for Jerry Brown and the Democrats who are put into office largely with the help of money from public employee unions that get a huge return on their investment with lucrative pensions and benefits.
Sticking to new hires will not solve the pension crisis. There has to be a new deal for current public employees that ends the numerous abuses, raises the retirement age, requires sharply higher contributions.
one of the signs i saw at the OWS camp downtown said, i support the police/firefighter union.
I’m crying all the way to the Retirees Poorhouse, because in all the jobs I had, not one one of them had any kind of pension system other than Social Security.
No more candy for new city workers. Ok new hires, in the furture per our instruction on WALL STREET we turn you over to them, stick out your NECK, cause in how ever many years it takes to retire, rest assured of one thing, your money would have lost 25% so, check out your local Community Bank, and put your money in a CD, I hear if the City of L.A. invested in a CD they would have made a profit, but they are slaves to the real propert owners of America, Wall Street, Corporations and the White House; believe it or NOT, ladies & gentlemen, of all races and background, THAT IS YOUR THREE BRANCES OF GOVERNMET. (wall st, corporations, white house) And on the LOCAL as in “crazy”, Villar Style, those mother fuckers never opened the quarterly reports. Now they want to take money from the Stimus, the Rapid Re-Housing Program, (#09-0846-s4) & Food Bank Money from West Angeles Church, the congregation must be furious, what happened? And the rapid re-housing, I’d like to see records of how that money was spent, and why IN THIS ECONOMY are we not helping people? Instead The Housing Committee, Tony Cardenas, chair, Ed Reyes, Richard Alarcon Jan Perry and Herb J. Wesson, Jr. — A friend tried to apply for those Rapid Rehousing $$ but PATH never had any of that money so they say. U KNOW, we need a FED AUDIT of all FEDERAL MONEY. If we can’ recall them it’s time to hold them accountable for how they use Public Funds.
How did the city save “federal” money, especially Rapid Rehousing for people who need up to one months rent.. the city put so many stipulations, changing the rules, that the homeless never saw those funds.
Take note, City holds on to FED Stimulus money – while people losing homes and going homeless.
What is the connection to Pensions you ask? LOL. I guess if people weren’t paid so much, and protected from within – we would have suffient money for basic services. The City only raises so much money per year so why are they paying Labor so much money in Retirment? That’s like leaving the back door open during Winter up in Vermont, while trying to heat the house- burn money burn.
This is the type of greed – not as much as wall st. And the other writer points out, he or she only receives Social Security. So my question to this lady who gets so much money in Retirement is she also collecting Social Security. Something is seriouly missing. Something spiritual, inside.
When you take money from homeless people that’s shameful. My friend, on disablity lost her apartment because at times she is not mindful.. she had the money, just not mindful.. she’s disabled. I pulled documents from the internet regarding the Rapid Rehousing, since, hence, she could get permanent housing using these funds since she had disability.
Taking money from Rapid Rehousing at a time when they should use it to help people, they hord it without “putting the word” out. You see, when developers need to know, they get the message from councilmen, but the poor avg working blok, they have their block grants “reprogrammed”.
You need permission from the funder. What did you say to them, guess what, no more people losing homes, apartments ect., ?
Let’s make this RIGHT Housing Committee: That savings came about because you did not give that money to PATH or some other entity; and you have used it as your cash reserve.
I’m sorry if I fight for the poor and perhaps there is no political KLOUT, but there is a whole LOT of spiritual content.. bunch of dummies to not know how to build a better society..
Such greed is embedded in all politics, everywhere and corruption and power have destroyed our opportunity to make this a better world. Upon death, the winner is not the person with the most material wealth.