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Reply by Joe Lyddon

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Posted on California Can fix their runaway Pension Plans

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Joe Lyddon

7450 posts in 2554 days


#1 posted 685 days ago

Howie… did you get your pension from a Government Job… or from the Private working sector?

Government & Unions do not mix… when corruption trickles into Governmental Unions it gets really bad… as seen in San Jose, Los Angeles, and all over California.

Private sector pensions tend to be more Down to Earth and are NOT screwing the Company in the process…
IBM had a very good pension plan in yesteryears… a long time friend who worked for IBM and finally retired and was getting a reasonable pension, had his pension STOPPED by IBM saying, in so many words, “These pensions are no longer favorable for the Company”...

Union pensions in California are NOT reasonable… they are flat out OBSCENE… driving the State into the hole… there is NO INCOME to support them! Something has got to give… We cannot raise taxes… not enough people working to Pay Them! There is ONLY ONE way to solve the problem…

California governmental Pension Reform… knocking them back down to Reality!

-- Have Fun! Joe Lyddon - Alta Loma, CA USA - Home: http://www.WoodworkStuff.net ... My Small Gallery: http://www.ncwoodworker.net/pp/showgallery.php?ppuser=1389&cat=500"


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