Print This Page
Oakland TV
Who turns tricks in front of grandma?
Comments
- ConcernedOakFF: As usual, people want to bring down others around them in order to level the field… Why not bring everyone up to a higher level of retirement and working...
- Gregory Arenius: Underfunded pension systems are such an interesting topic. So many different and valid points of view. For instance, as noted above, employees have worked for...
- Born in Oakland: No more cradle to grave employment….it happened in Europe and Japan; we are next. It was great while it lasted as all those ex City employees who moved to...
- len raphael: Oakland’s first round of pension bonds was “famous”. http://www.orrick.com/practice s/public_finance/pension.asp a good summary of how they work, and why they...
- oakie: This is one of my favorite topics. But only because it is a fairly good representation of the degradation of governance we now have come to consider “normal.”...
- Ralph: zac, i don’t think you are being bad actors. i think it is silly to imply that you are somehow being screwed because 13% of your salary is going into a pension. I...
- zac: Two answers. First, the pension amount is based on base salary, not overtime. And second, when I said “knock 13% off” I should have been clearer. You can hammer...
- livegreen: Funds in 401k’s aren’t guaranteed investments. Neither should retirement benefits be for Govt workers. Instead maybe a hybrid between Soc Sec &...
- len raphael: Patrick, i don’t know if city council can issue bonds without getting 2/3 approval, but i think they need approval from the state to issue the bonds....
- livegreen: I had the same question as Mary: Is overtime included in the highest 12 months of salary? It should be based on base-pay at a minimum (or better yet based on an...
- len raphael: zac, calpers had some very good years, but in hindsight it is very possible they got those high returns by taking on high risk. That would be ok if it were your...
- Ralph: zac, as noted above many companies as well as the Federal government have made the switch. It id for the reasons you stated above that most employers allow some employees...
