Please, provide the proof (studies, independent analyses) that these government employees were paid less than their private sector peers. Please don't include pieces that don’t factor in everything such as paid time off, holidays, years required before one can retire, and post-retirement benefits such as health care supplements, etc.How sad for these employees who worked for less pay than their private-sector peers, with the pension benefit to themselves and their beneficiaries being the main reason to have worked in the system.
I'm sure many of the beneficiaries didn't work outside the home due to caring for children, etc. knowing that they could rely on the stable income of the pension if their spouse pre-deceased. I'd guess that most of them are women who will outlive their husbands.
Hopefully, current employees are "grandfathered" out of this negative effect.
I don't know if UC employees pay into Social Security, but if not, that just makes the situation even worse.
What an embarrassing betrayal by the politicians, trustees, or whoever made this decision.
Statistics: Posted by Jeepergeo — Fri Mar 08, 2024 7:15 pm — Replies 10 — Views 1254