Friday, February 21, 2014

Mike Klonsky's SmallTalk Blog: Calif. pension battle brewing. Sounds eerily familiar.

Mike Klonsky's SmallTalk Blog: Calif. pension battle brewing. Sounds eerily familiar.:



Calif. pension battle brewing. Sounds eerily familiar.

UC service workers, members of AFSCME Local 3299,  picket at UC Irvine Medical Center. The union has scheduled a five-day walkout starting March 3. (Glenn Koenig / Los Angeles Times). 
IN L.A. THIS WEEK… The weather's different, but the education issues sound pretty much the same here in Cali as they do in the IL tundra. The proposed so-called "pension reform" sounds eerily familiar. Like IL, the state has failed to meet it's payment obligations. Schools, for their part, are wary of paying more for pensions after suffering budget cuts during the recession.

It's a revenue crisis, not a pension crisis but "reform" always seems to mean placing the burden squarely on the backs of the retirees and sparing the wealthiest and the corporations any new tax increases.

The L.A. Times reports:
Gov. Jerry Brown and legislative leaders are pledging to repair and replenish the $181.1-billion retirement system that is supposed to finance more than