Politician watch : pensions plus
Politician watch : pensions plus"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
The Los Angeles County Board of Supervisors will have the chance today to modify--although not, unfortunately, eliminate--one of the more flagrant taxpayer rip-offs in recent memory. Three
years ago then-Chief Administrative Officer Richard B. Dixon initiated, and the supervisors oh-so-quietly approved, a plan to permit the cost of benefits to be treated as compensation when
calculating county pensions. Thus benefits such as medical and dental insurance and--for supervisors and others lucky enough to have them--car allowances now count as salary when determining
pensions. That sweetener will boost taxpayer costs by as much as $400 million over the next 30 years. Supervisor Gloria Molina, who was not a member of the board when the pension-spiking
scheme was adopted, says that it’s costing about $300,000 a week to fund this particular goody. She’s supporting recommendations made by the Economy and Efficiency Commission to control the
plan’s abuses. Among other things, benefit costs would be excluded when figuring pensions for future employees and the dollar amount allowed for current employees would be cut or frozen. All
this is of course worth doing. Regrettably it won’t roll back the windfalls that pension spiking already has made possible. One non-elected official will retire next month, for example,
with an annual pension about $35,000 higher than his current salary. This program is a scandal. It will be a far greater one if the supervisors don’t act today to curb it. Taxpaying voters
are waiting and watching. MORE TO READ
Trending News
Control of optical spin hall shift in phase-discontinuity metasurface by weak value measurement post-selectionABSTRACT Spin Hall effect of light is a spin-dependent transverse shift of optical beam propagating along a curved traje...
Increased total and resting energy expenditure in children with cystic fibrosisABSTRACT 2078 _Pulmonary: Cystic Fibrosis Poster Symposium, Tuesday, 5/4_ Reduced growth is common in children with cyst...
Elephant dead - NorthEast NowThe carcasses of the two wild elephants died due to lightning strike. Image – Northeast Now Ready for a challenge? Click...
Why personality tests for bank loans are a bad ideaLending money is a risky business. Since 2010, Bank of England figures reveal that lenders have written off an average o...
Who are our heroes and villains for july 2018? | nursing timesDo you agree with our choice for this month’s hero and villain? Welcome to our slightly tongue-in-cheek section called H...
Latests News
404 errorMPs vote to end France's ZFE low-emission zones despite government opposition Cross-party majority introduces amendment ...
M&m auto sales up 22% in aprilMumbai, May 1 (IANS) Automobile major Mahindra and Mahindra (M&M) on Tuesday reported a rise of 22 per cent in its m...
20 New Novels for Spring_WHEN A STRANGER COMES TO TOWN_ BY THE MYSTERY WRITERS OF AMERICA It's said that all great stories are either about...
Chaitra navratri day 5: maa skandmata worship mantras, wishes, status messagesSkandamata was the mother of Lord Kartikey. Skanda is the alternate name of the war god Kartikey. The vibrant nine-day f...
Cramer remix: why snap’s earnings could have twitter cheeringWhen the market's reaction to President Donald Trump firing FBI Director James Comey was to brush it aside and run ...