Articles Tagged: "News"
News
ARTICLE: Retired Water District Employee Has Collected $3MM From Pension
October 7, 2009CalPERS (CA Public Employees' Retirement System) has published a report revealing 40 Metropolitan Water District of Southern California retirees with well over $100,000 per year pensions. This could potentially rise by 25% (raising water rates by 30%) if the board passes the new union contract.
Click Here to see the list of retirees in an article in the OC Register. Read more >>
ARTICLE: Water District Set to Vote on Pension Hike Despite Huge Debt
October 7, 2009As the OC Register reports, the Metropolitan Water District's board of directors is set to vote on an initiative to raise pension spending by 25% to around $70 million. This is in spite of the district's recent $.5 billion in investment losses.
Click Here to read the article. Read more >>
ARTICLE: MWD Retirement Plan to Affect 68% of L.A.
October 7, 2009As this article in the Los Angeles Daily News shows, the new retirement plan for Metropolitan Water District employees will affect significant parts of Los Angeles County in addition to Orange County and San Diego. This plan, which will raise record high pensions even higher, would have already gone into affect had several counties not begun to protest, delaying the vote until the 13th. There's still time to make your voice heard! Read more >>
ARTICLE: Prop. 13 Wasn't the Start of Our Troubles
October 6, 2009HJTA president Jon Coupal wrote an article in the Sacramento Bee, explaining how Proposition 13 was not the start of California's plunge into debt. In fact, it is what has helped to stabilize the state's income, while property value dropped and the state's spending flailed out of control.
Click Here to read the article.
ARTICLE: Don't Blame Voters for California's Budget Woes
October 6, 2009This article from the Wall Street Journal replies to the accusations that voters are somehow to blame for California's billions of dollars in debt. Legislators blame voters even though only a portion of government spending programs were locked in place by voter initiatives. Instead, the government's ever increasing spending habits on things like the labor unions (which constitute a third of the budget) are very clearly the cause of California's mountain of debt. Read more >>
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