Jerry Brown to propose higher retirement age, lower pension benefits for new state workers

[warrior1]

First I want to say that as a retired state worker (36 years) this incenses me. I started working for the state while still in HS and worked till I was able to retire at 55, last year. I don't think I could have taken anymore. Some of my old friends are still there but are counting the days. To say the least, it's good to have a job, but terrible to have to sweat out what the bureaucrats want to do with you because as a civil worker you are seen as a money grubbing parasite. Not a person that may protect the people of the state of California. These are his proposal.

http://www.sacbee.com/2011/10/27/4010117/jerry-brown-to-propose-higher.html

• New workers outside the public safety sector would collect full retirement benefits at age 67 instead of 55, with lower defined payouts.

• A 401(k)-style benefit would become part of the state's pensions.

• Workers would lose the ability to buy extra years of service, known as "airtime."

• A ballot measure would seek to change the structure of CalPERS' board.



That first one, you can't retire with full benefits until the age of 67. The idea is simple, many folks will not live to see their retirement and if they do the will be in ill health. At 55, I am healthy, but I have to work at it. I can't imagine what I would be like at 67 having sit and desk for 50 fucking years. Horrible.

Anyway, I thought I would share. Jerry Brown needs to lose his job and we need a new governor who has serious ideas on how to fix this state.

thanks