An initiative, the “Public Employee Pension Limitation Law”, is currently gathering the signatures required in order to qualify for the ballot in November. This common sense reform seeks to limit California public employee pensions for new hires to $100,000 per year ($162,500 with cost of living increases). It already has been roundly criticized by Firefighters Local #2881. Basically, the union wants as much of your money as possible for their members. The problem is, unions like Local #2881 are driving California toward bankruptcy.
Union wants unlimited pensions. Fiscal health of California be darned.
In reference to the initiative (I wrote it by the way), and two others vying for the ballot which deal with pension reform, the union said the following on its website:
Our message is simple; do not sign any of the petitions supporting these ill-conceived proposals. Tell your friends, family members and co-workers, DO NOT SIGN THESE PETITIONS! This is the most expedient way to keep these misguided proposals off any future ballot, period.
About 4,900 people currently receive yearly state pensions above $100,000, with one retired city executive from tiny Vernon, California (Population: 91) receiving a few hundred dollars short of $500,000 per year. My question for Local #2881 is: Is any pension too large? The number of retirees set to receive six-figure pensions for life is set to explode in coming years.
The Firefighters Union, and every other union in the state for that matter, knows that if initiative #1435 makes the ballot, it will pass. I appreciate all that firefighters do for us, but California is heading over a cliff fiscally and California public employee unions are driving the bus. My initiative benefits all Californians, including union members. Initiative #1435 is NOT anti-Union, it IS pro-California.
Please Download and sign the Petition today. Join the fight to save California!
John Romano can be contacted at pensionlimitationlaw@yahoo.com
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John Romano is the publisher and editor of Yes, But However!, a musician, a former political correspondent for BBC Radio London, and a serial web entrepreneur. Follow him on twitter: twitter.com/yesbuthowever or John Romano on Google+John Romano article archive.
