Orange County California Civil Servant pension list
- Thread starter Monello
- Start date
you should see some of the current salaries ...... no California is going to run out of "Other Peoples Money" soon, and come begging to the Feds to bail them out
Couple of points: Did you look at the entire list or just the first page? Do you understand the cost of living in Orange county? Do you know the income and service history of the individuals or the pension formula for Orange County (not from this report you don't).
BTW...there was another county in CA that was far worse...some official was getting an $800K or so pension...forget the name of the county.
UM...the state of California is not responsible for the pension payments of the county of Orange.
And...the state of California has been running a budget surplus for the past few years now.
explain that again short bus:
http://www.sfchronicle.com/politics...400-billion-debt-worries-analysts-6812264.php
SACRAMENTO — California has come a long way to dig itself out of budget deficits, but the state remains on shaky ground due to nearly $400 billion in unfunded liabilities and debt from public pensions, retiree health care and bonds, financial analysts say.
“Yes, the state’s budget is balanced if you are looking at what they are required to spend cash on this year, but not when you look at their expenses,” said Gabe Petek, a credit analyst with Standard & Poor’s.
The high debt and unfunded liabilities have resulted in the state’s rating lagging behind other states, Petek says. California saw its bond rating rise last year from A+ to AA-, the highest level the state has had in 14 years. Good bond ratings are a sign of a strong budget and financial management and allow states to pay lower interest rates when selling bonds.
“Compared to other states, though, California has one of the lower ratings,” Petek said.
And the reason is clear, he said. It’s California’s debt and liabilities that are concerning financial analysts, particularly the state’s rapidly growing unfunded retiree health care costs, which grew more than 80 percent over the past decade. California has promised $74 billion more in health and dental benefits to current and retired state workers than the state has put aside.