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California Gov. Jerry Brown on Thursday unveiled what would be one of the nation's widest-reaching pension overhauls, a proposal that would raise the retirement age and shift more investing responsibilities to public workers.
The 12-point plan includes meshing a 401(k)-style component into newly hired workers' retirement plans, raising the age at which some future employees retire to 67 from 55 now and boosting pension contributions for current workers. Labor groups immediately expressed disapproval.
Originally posted by theovermensch
reply to post by Vitchilo
You have a democrat president.That hasnt stopped the protesters supporting OWS. Why is this partisan anyway?
Jean Keller earned $269,810 last year working as a nurse at a men’s prison on California’s central coast by tripling her regular pay with overtime hours.
Keller got more overtime in 2010 than any other state employee. In all, California’s public workers collected $1.7 billion of extra pay last year, more than half of it in overtime, state payroll data show. The rest was for unused vacation and union-negotiated benefits such as clothing allowances, physical-fitness incentives and special compensation in recognition of a “complex work load.”
“It’s outrageous,” said 29-year-old Gilbert Ramirez, one of about 30,000 teachers fired in California since 2007 because of budget cuts. “It boils my blood that I’m out of work and they claim they don’t have enough money to pay me.”
California paid the additional wages — enough to fund the average salaries of about 25,000 teachers — as it faced a $19 billion deficit and cut school spending and services for poor children and the elderly. The state may have to trim the academic year by seven days and eliminate some student busing if revenue shortfalls persist.
The extra compensation underscores a broader trend in California, where government workers are paid more than in other states for similar duties. Among them: city managers whose pay is higher than the governor’s, prison doctors who make more than counterparts in other states and Los Angeles firefighters who collect twice the national mean.
Union-negotiated “pay differentials,” requirements that workers take monthly furloughs and staff cuts that heaped extra work onto remaining employees combined to inflate overtime and other non-salaried pay, the data show. So did inefficiencies in management of state departments, said Dan Pellissier, a deputy cabinet secretary under former Governor Arnold Schwarzenegger.
He is referring back to the national spotlight that was shone on Wisconsin for similar actions. Wisconsin was beaten constantly for weeks and drew national attention and massive protesting across the country.
Then Massachusetts did the same thing and got no attention.