In an op-ed that appeared Nov 22 in the Los Angeles Daily News, Dan Borenstein, of the Bay Area New Group BANG), exposed the falsehoods, myths, and lies used by public employee unions and their allies in the legislature for their attacks on pension reform in California.
Stockton and Vallejo California, two middling cities already famous for their respective municipal bankruptcy via mismanagement and out-of-control public pension costs, have predictably reached the pinnacle of failure yet again. And we didn’t have to wait long to see it happen. As Yogi Berra once said, “It’s Deja vu all over again!”
This should curl your toes… according to the County’s OPEB Task Force Report available on both the County and CoCoTax websites: The County had 8,428 active employees and 5216 retirees and surviving spouses as of 1/1/06 The County contributes 80% of retiree health plan cost for most plan options and adds an amount equal to […]
The Public Employees Post-Employment Benefits Commission—appointed by leaders of the California Legislature and Gov. Arnold Schwarzenegger—released an over-300-page report this morning on pension and retiree health benefits policy for state and local governments in California. A first-of-its-kind statewide survey identified at least $118 billion in unfunded retiree health (also known as OPEB) liabilities, as self-reported […]
Congratulations to Peter Langley for his Community Forum View Points opinion column in the Jan 3-08 Concord Transcript. Seemingly, for once, instead of ignoring the elephant in our living room, that important editorial space was used to talk about a critical community problem. Langley presented a thoughtful essay about the awful mess Contra Costans face […]
, will address the upcoming breakfast meeting of the Contra Costa County Taxpayers Association, to be held Friday, October 26 from 7:30 a.m. to 9:30 a.m., at the Black Bear Diner located on Bancroft off Treat in Walnut Creek. Piepho is Chair of the Board of Supervisors and a member of the Finance Committee and […]