Ya, The problems with CalPERS aren't going to cost us any more or result in service cuts.
Original post made by Menlo Voter on Apr 6, 2013
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 employees' 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.
* Web Link
Blue collar public worker, come out, come out wherever you are.....
on Apr 7, 2013 at 2:01 pm
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 (email@example.com)
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.