Quote:
Originally Posted by scottmandue
So you think employers should be allowed to do a bait and switch? As someone else said a pension is part of the benefits package given to entice people to take a job.
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I understand. The current California Firefighters retirement allows for 3% of your maximum annual earnings capped at 90%. Also lifetime medical covered at 90%.
If an 18 year old joins the FD, he can retire at 90% of his maximum salary at age 55. The burden on local cities and counties has been enormous and the effects are just beginning. This current retirement package became active in 2006 (along with a 30% pay raise).
This benefit package is clearly not sustainable. About the bait and switch... Benefits packages are renegotiated all the time. It's time to get started.