WEB Notes: People often make jokes about government works and for every government worker it means there must be that many more people working in the private sector to support that government job…

It has long been a tough topic of government pensions for their workers, after-all, the tax payer foots that bill. Not many in the private sector today receive a pension, so why should they?

However, when you make a deal with someone you should keep it. If the government agreed to X deal with the government worker they need to hold true to it. People’s lives are built around those pensions and if they remove them it will certainly cause a struggle in their life.

Moving forward however, there should be changes. Further, there should be a reduction in taxes as well, but that is very unlikely in this state.

California Governor Jerry Brown said legal rulings may clear the way for making cuts to public pension benefits, which would go against long-standing assumptions and potentially provide financial relief to the state and its local governments.

Source: California’s Brown Raises Prospect of Pension Cuts in Downturn – Bloomberg



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