California public employee pensions were negotiated by unions (who had representatives who STRONGLY and PASSIONATELY cared for their members) and politicians (who strongly and passionately cared that the union members vote for them, but did not care much about the taxpayer).
What was the result?
The union members got unfairly huge payouts at the expense of regular citizens and taxpayers, most of whom have never received remotely as good of benefits and the government workers did.… read more “California Public Employee Pensions Should Be Defunded”