Quote:
Originally Posted by HardDrive
This thread is repulsive.
entitlements?
Did this 'friend' of yours just walk in off the street and ask for government cheese or food stamps? No. He took a job, and your city signed a contract.
Now, decades later, after years of poor management decisions, and years of poor decisions by the CITIZENS of Long Beach, you want to fix the problem by f*cking over the one guy in this deal that held up his end of the bargain.
Pathetic third world bull*****.
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This was NOT the retirement plan when Milt's friend signed on. The new 90% plan started in 2006. The question is, can the municipalities in California afford such a benefit package in a declining economy?
Read about the city of Vallejo's possible bankruptcy;
http://www.cnbc.com/id/23385758
The primary reason for Vallejo's insolvency is the huge burden of the new (2006) 90% Police and Fire retirement packages. Is it better to renegotiate these packages to a reasonable (pre-2006) level, or just take your chances and get NOTHING after your city declares bankruptcy?