Petition for ACTION on Public Employee Pensions
This important email, from Novato Planning Commissioner Tom James, was forwarded to me this morning.
I am forwarding a petition which was started by someone as concerned as I am about the pension obligations of Marin County. The petition is intended to hopefully impress the Board of Supervisors that something has to be done, now! I’m only bothering you because I believe absent some action we will go bankrupt and renege on pension commitments to County retirees.
Here is the petition:
If you click on the link below you can sign the petition.
http://www.change.org/petitions/marin-county-board-of-supervisors-do-everything-in-their-power-allowed-by-law-to-reduce-public-pension-costs?share_id=edmhFWUAlN&
Please forward this email, edited as you feel appropriate, to any other Marin County residents that might be interested. If this is to have any impact it must reach a very large number of people. PLEASE HELP.
More information on public pensions can be found on either of these websites:
http://marincountypensions.com/
http://www.fixpensionsfirst.com/
Please join me in this effort to raise awareness on the part of the public and our elected officials.
Sincerely,
Tom James
Tina McMillan
9:38 am on Friday, February 17, 2012
2010-2011 MARIN COUNTY CIVIL GRAND JURY
Public Sector Pensions:
A Perspective
Report Date – May 31, 2011
http://www.co.marin.ca.us/depts/GJ/main/cvgrjr/2010gj/public_sector_pensions.pdf
Payroll: Study Examines Average Paycheck for Marin County Employees
http://www.californiacountynews.org/2011/12/payroll-study-examines-average-paycheck-for-marin-county-employees.html
Editorial: County's climbing public pension payouts raise questions
http://www.marinij.com/opinion/ci_19881246
Citizens For Sustainable Pension Plans
http://marincountypensions.com/
My Way Or The Highway !!!
10:13 am on Friday, February 17, 2012
Who cares what the pension is as they earned it . You will not take it away. Yes you can cut the new peoples pension down but ,READ MY LIPS !!!!!! YOU CAN'T STOP MY OR ANY OTHER PENSION.
Mark Schoenbaum
12:20 pm on Friday, February 17, 2012
you have been drinking the union kool-aid. the courts can void any contract for cause.
My Way Or The Highway !!!
2:20 pm on Friday, February 17, 2012
Wow You had better go back and check your so called facts. I worked at the county for 32 years and no judge can cut my pension that I have been collecting for over five years . Yes it is over 80,000 per year thank you. I am also now working in Sonoma county and have less than one year for the pension system here . I owe I owe so off to work I go. Happy retirement to all
Mark Schoenbaum
6:54 pm on Friday, February 17, 2012
Hey Bud Light, why don;t you google 'unsustainable'. When there is no more money to fund your defined benefit pension then what do you think is going to happen? Have a nice day! ;-)
Tina McMillan
12:45 am on Saturday, February 18, 2012
Marin County Civil Grand Jury Page 18 of 25
http://www.co.marin.ca.us/depts/GJ/main/cvgrjr/2010gj/public_sector_pensions.pdf
"At current levels, public pension systems are not financially sustainable without reform. Investment volatility, changes in private sector pensions, and changes in employee demographics contribute to the lack of sustainability. Changes in the pension system that reduce employer risk will improve employer ability to manage budgets and to provide services to the public. However, any such changes must be fair to employees and negotiated with their representatives. This report considers available options that could improve pension plan performance and fairness to all parties."
5/31/2011
Tina McMillan
12:51 am on Saturday, February 18, 2012
FINDINGS
The Grand Jury finds that:
http://www.co.marin.ca.us/depts/GJ/main/cvgrjr/2010gj/public_sector_pensions.pdf
"F4: Defined benefit pension plans transfer the cost of all unfunded liability resulting from plan benefit increases and from investment volatility to employer budgets. Sharing that risk through use of defined contribution plans, hybrid plans, shared responsibility for contribution increases or decreases, or otherwise would help employers to manage their budgets, to provide consistent services to citizens, and to provide stable employment for their workforce."
5/31/2011 Marin County Civil Grand Jury Page 19 of 25
My Way Or The Highway !!!
4:36 am on Saturday, February 18, 2012
I can't spend my retirement while i am working again. I did buy a fourplex in Marin county from the bank and put new kitchens,paint and rugs in all of them . the rents are being saved to buy more at this great lower price of housing.