Pensions or Everything Else?

What's the Story

Public employee pensions are crippling our state. California's expenditures on public pensions will be over $25 billion annually in the near future. This is as much as the government spends on the environment, labor, consumer protection, higher education, and corrections combined. Something needs to change, and recent cuts have only slashed core services, while pension benefits continue to cost the state more each year. This problem is the result of back-door deals between politicians and public employee union leaders (who donate millions annually in Sacramento). It is hurting taxpayers who are paying more for public pensions and it will hurt public employees who have been made unrealistic promises that cannot continue to be promised or fulfilled.

What's At Stake

$25 billion
This will be the annual employer contribution and is computed in Joe Nation's SIEPR report on California's pension systems (assuming a 6.2 percent investment rate of return) prepared with the assistance of CACS researchers, available at www.siepr.stanford.edu. This is an unjust and unsustainable burden to taxpayers who deserve better. Vote to FixIt!

What You Can Do

129
When you vote to FixIt! you let your elected officials know you care. Elected officials will listen and respond when many people vote to FixIt!
Based on
Public Retirement System Costs
Posted by
Nate Levine
Nate Levine
on 12/13/2011
The Data
Media Coverage

Fox and Hounds Daily

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