FOR IMMEDIATE
RELEASE
May 15, 2012
Contact: Christina Tobin (312) 320-4101 or (312) 427-5128
SACRAMENTO— Lucky, lucky California! Yesterday, Governor Brown announced a new budget! He was ‘off’ $16 billion on his last budget. But this time, yes this time, he’s sure he’s got it right! According to Brown, “You can never get it quite right...” No governor, YOU never got even close.
May 15, 2012
Contact: Christina Tobin (312) 320-4101 or (312) 427-5128
SACRAMENTO— Lucky, lucky California! Yesterday, Governor Brown announced a new budget! He was ‘off’ $16 billion on his last budget. But this time, yes this time, he’s sure he’s got it right! According to Brown, “You can never get it quite right...” No governor, YOU never got even close.
He’s going to cut, cut, cut. And tax, tax, tax. He’s sure that’ll bring more
jobs here!
But Governor, why no mention of unsustainable California public pensions that
keep digging the hole deeper?
Taxpayers
United of America (TUA) and Free and Equal (F&E) revealed government
employee pensions for the Sacramento area. California is the 13th state in a
nationwide tour for the two organizations.
“Many government retirees make more in pension payments than private sector
taxpayers make in salaries,” stated Christina
Tobin, TUA Vice President and Founder and Chair of Free
And Equal. “The California economy and the public pension systems are in
serious trouble. Taxpayers struggle to save for their own retirement
and fund the public pension system. Government
retirees should be concerned that their pension payments will
continue.”
Tobin continued, “For example, Rickey Martinez, retired
Sacramento government employee, collects an annual pension of
$210,618. His estimated lifetime payout is
$9,477,788. * ”
“Mary M. Carrillo Mejia, retired government teacher, has an
annual pension of $195,305, with an estimated lifetime payout
of $7,997,727.* ”
“Retired Sacramento County government employee, David Lind,
has a lifetime estimated payout of $7,460,967* based
on his actual annual pension of $192,790.”
View pension amounts below:
View pension amounts below:
- California State Assembly Top 20
- Sacramento County Gov Employees Top 100
- Sacramento County Gov Teacher Top 100
- University of California Top 100
- Sacramento Top 100 SCERS
- Sacramento Top 100 CALPERS
“California’s government pension systems are
crushing middle class Californians. Replacing
defined benefit pensions for all new government hires with social security and
401(k)s would eventually eliminate unfunded government pensions. If current
government employees would just increase their pension contributions, they would
preserve their pension benefits. We need a stable system that is
fair to both taxpayers and beneficiaries or
pension checks will stop coming.” Tobin will be attending Thursday’s
Pacific Research Institute event that will examine public pensions.
“The pension crisis is the number one budgetary problem for cities, counties
and states across the country. A nationwide movement is under way to shift the
dialogue to action. We are collaborating with the leaders of pension reform, in
working to avert the collapse that will result from inaction. We will be
launching our nationwide database for pension and electoral reform in the coming
days. This online database will provide a repository of information on
elections: the names, the money and the agendas.”
“Many politicians lack the courage to do what’s in the best interest of
taxpayers. The many pension groups that have formed, are working to help enhance
the citizens’ groundswell that wants true electoral reform.”
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