From The Washington Free Beacon:
Calif. Taxpayers on Hook for Six-Figure Government Pensions
Nearly 80,000 Californians collected six-figure taxpayer-funded pensions in 2018, as retirement costs leave half the state's cities at "high risk" of serious financial distress, according to an analysis.
Transparent California, a free-market think tank, found that 6 percent of retired government workers collected more than $100,000 in 2018, an 85 percent jump since 2013. Those payouts represented 20 percent of the $51.7 billion in total pension payments. Taxpayers spent a record-high $40 billion to cover the costs of public sector retirees in 2018, the report also found.
The median household income in California is $75,277. The six-figure payouts propel thousands of retirees into the top 38 percent of all earners in the state, according to census data. About 1.2 million people received pension checks in 2018, including a retired deputy police chief who collected nearly $1.5 million in 2018.
The California state government promissed these pensions so they are obligated to pay them. The problem is that they kicked the can down the road - they promissed this money without having the means to pay for it. They are unable to maintain their infrastructure and now they come crying to the rest of us American's hoping that we will bail them out.
I say no - let them learn from their mistakes.
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