Reader mail …
I am a public employee in California. For 16 years I worked at UCLA, and for nearly 17 years I have worked for LA Superior Court. Not only is Arnold trying to change the State pension system, his proposals include every pension system covering public employees, from the State to cities and counties, to school districts, to water districts, etc. We are all under attack. Information from my Union shows that LACERA, Los Angeles County Employees Retirement Association, gets 75% of its funding from dividends, about 12% from the County, and the rest from employees. My University of California pension is coordinated with Social Security. So basically, both my pensions and Social Security are being held hostage by the Republican party. This is a horror story for my family. What we thought would be a good retirement for us may collapse as Arnold wants the end of all funding for public employee pensions by 2006. I have money invested for retirement, that is my deferred compensation which could tank any time. I really am glad to see you put this on your blog for the rest of the country to see. And if Arnold wins in California, no state will be safe from the Republican plan to repeal the 20th century and promises made to employees. I would love to move out of the country now. Thank you for publicizing this.
SB
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