Wednesday, September 10, 2008
This editorial on the San Diego City Attorney Mike Aguirre, who has continued to pursue a lawsuit against the Pension Scam captures my views about the matter. Aguirre is pretty unpopular, but the Scam is outrageous, and my view is that anything that can be done to stop it, should be done. And Aguirre seems to agree.
Here is an excerpt:
This summer, San Diego's mayor succeeded in negotiating a reduction in retirement benefits for city employees -- but only for new hires, starting in 2009. The deal left the benefits negotiated in 1996 and 2002 untouched, and both city politicians and unions say those bennies are "sacrosanct." They include 50,000 years of pension credit for time not served that the city all but gave away, as well as a provision that allowed employees to take early retirement and a deferred-retirement program at the same time.