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Ya, The problems with CalPERS aren't going to cost us any more or result in service cuts.

Original post made by Menlo Voter, Menlo Park: other, on Apr 6, 2013

WRONG!

Dear Menlo Park Voter,

CalPERS, (The California Public Employees' Retirement System) is on the brink of raising its required contribution rates by 50% over 6 years beginning next year.*

Assuming salaries, health benefits and the number of employees stay the same, personnel costs will increase by about $3 million when the changes are fully implemented. If salaries increase, the pension contribution will increase further, since pensions are based on an employee’s' final, best salary (and the time an employee has been in the program).

We urge the City Manager and the Council Members to keep these projected increases in mind when renegotiating union contracts - the renegotiation process begins soon. (They won't. They never did before.)

And we urge you the voter to think about what services or public works should be cut to make way for the increase - or what increase in taxes you'’d be willing to pay support it.

Henry Riggs

Roy Thiele-Sardina

* Web Link

Blue collar public worker, come out, come out wherever you are.....

Comments (2)

 +   Like this comment
Posted by Info
a resident of Menlo Park: The Willows
on Apr 7, 2013 at 2:01 pm

Fellow Residents,

Because of your great response, Vice Mayor Ray Mueller has scheduled a meeting on April 23, 7 p.m., so that we can explore union contracts with Staff. You may be amazed at what is revealed.

Council member Mueller organized this meeting and City Manager Alex McIntyre has agreed to attend along with Gina Donnelly the City's HR director.
The discussion is especially timely because Union negotiations start this month, and because CalPERS has tentatively announced a huge increase in required contributions to its employee pension funds.

Please let me know if you can attend so we may more accurately anticipate the space required. And, start to think about your questions now.

Thanks, Lee Duboc (menlofuture@gmail.com)


 +   Like this comment
Posted by Menlo Voter
a resident of Menlo Park: other
on Apr 8, 2013 at 7:47 pm

Wow, blue collar public worker is nowhere to be found. Given he was told yet always denied that CalPERS was going to come asking for more money I have to wonder why. Not!

To all of you folks that don't think the politicians are bought and paid for by the unions, think again.


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