Sunday, July 17, 2016

Get out while the getting is good

Press Democrat: Taxpayer costs for Sonoma County employee pensions are set to continue climbing for at least the next seven years, stripping away funds for public services and limiting the county’s ability to fund new initiatives, according to a citizen-led review of the county’s retirement spending.
By 2023, pension costs are projected to hit $146 million per year, a 700 percent increase since 2000, three years before the county — like most others in the state — first boosted retirement benefits for workers.
Soon to be retired will not take the chance, and will get out early adding to the woes.  Not are new workers very excited about 7 years of employment before retirement funds go bust. 

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