Calif. Forces Retirement Plan After Pension Failures
For those of you still fortunate enough to live in the Peoples Republic of Kalifornia, look out, they want 3% of your income, on top of everything else. Unions driving a bus they have already crashed have now gotten it to start again, and will be back on the road again...Looters in power, gotta luv it when they come up with a new scheme...
I think he is optimistic by $999 billion since he says its already short by $290 billion at 650% higher rates of return. It should read $1 trillion shortfall.
http://www.latimes.com/projects/la-me...
And here I was doing 20 years from the Navy to get 50% of base pay for a whacking big 13,000 a year, now up to almost 17,000 after 20 years of COLA. Some Union members can retire at 55? and get how much? No wonder they are broke, and needing that 3% whether you want to "give" or not.