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Pssst! Howd'ya Like to Retire with $300,000 a Year of Taxpayer Moolah

Yep. That helps the city out. What about SDCERS? It still hasn't dawned on you that they're two separate entities. ================= Wow, nice deflection from me destroying your bogus claim...you want to talk about both city and county-no problemo.....it obivously applies to BOTH city and county, or did that not occur to you?? My comment was you cut the salary, you save big $$$$, and you take the savings from that cut and shore up the pension fund/s, that was my point..... then YOU claimed that would NOT save any money-I debunked that lie and you know it, so now you deflect and spin . . How does paying less into SDCERS help out the unfunded liability? SDCERS is largely funded by investment gains. If you don't put the capital in, you can't make the gains. ============== #1, who said anything about paying less???????....I never said oen thing about paying in less, in fact I said the opposite, we could fund these pensions with a 25% pay cut to the high wage earners-specicifally PD and FD.....as for investment gains, BOTH pension systems have been a joke the last 5 years, what were they, 1.5% ROI????? Most of the pension fund is currently being funded by the taxpayers, the small portion the employee pays-if they pay anything at all (many pay nothing, their portion is "picked up" by the city)-is minimal, as are the ROI on the portfolio. . . . If the unfunded liability goes up, the ARC goes up. The city pays more ==================== Thank you Captain Obvious. And guess what Captain-the MORE you pay with every pay raise the MORE the pension costs!! So you FREEZE the pay rate or better yet do what I said-CUT IT, then you can fix the pension problem. Right now when we cannot even pay the current pension costs- it is painfully obvious that the ARC is also going up if you keep giving out raises. First rule when you're in the hole, STOP DIGGING ( no more raises). I just told you my plan, what I would do, and as I have proven it would work- now if you have a better idea, please put it out here. And taxes are not going up, not happening, so don't plan on having your millionaire pensions being funded by taxing the poor and middle class, Prop H is going down.
— October 10, 2010 4:16 p.m.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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