4 ms·
>State employees in the past accepted lower salaries in exchange for this future benefit. Well that was not the case with California's 1999 pension reform, whe
by fricat1ve 9y ago
>State employees in the past accepted lower salaries in exchange for this future benefit.
Well that was not the case with California's 1999 pension reform, where pensions were retroactively increased by 50% overnight.[0]
That kind of money doesn't just appear out of nowhere. Many of these cases were transparent scams and the people involved knew it.
[0] http://www.sandiegouniontribune.com/opinion/sd-calpers-mendacity-never-ended-20160919-story.html http://www.sandiegouniontribune.com/opinion/sd-calpers-menda...