Tell Assemblyman Sawyer that we already became bankrupt in the crash. The pension agreements non-binding for us, our state already declared. The issue for California is to escape the bureaucracy via the sandbox. We are willing to negotiate, but we cannot find a counter party. So we plan to skip the payments folks. If you have not figured that out then you will face the forces of evolution.
California’s cities and counties, weighed down by ever-mounting retirement costs, are barely keeping their heads above water. Now the state Legislature is considering an onerous bill that would ensure many of them drown.
AB 1250, introduced by Assemblyman Reginald Byron Jones-Sawyer, D-Los Angeles, would effectively prohibit most local governments from contracting out for key services. It’s a union-driven bid to force the hiring of more public employees, complete with their unaffordable high benefit costs.