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Old 03-04-2011
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Quote:
Originally Posted by randolph View Post
Certainly, workers earn and deserve a just retirement. However, the evidence suggests that at the time the retirement plan was negotiated, the ultimate costs were not projected. The plans were extremely generous, far beyond what would be considered reasonable.
The question is it justified to give some one a retirement higher than his final salary? Is it justified to play games with work time to raise the retirement even more? In the case of Riverside County, there is no evidence the money was "lost" it seems to be a case of bad fiscal planning and management.
I'm even more saddened, now. You should review the meaning of the word you use, "just." Whether the plans were "far beyond ... reasonable" is at best a secondary point, and one that is worthy of consideration for future pension agreements. The primary point is one of ownership, as in ownership of the money that is being withheld. It does not belong to Riverside County; it belongs to the workers. And so, I ask, is it "just" to keep it from them? And if it simply does not exist to give to them, is it "just" to blame them for wanting what is rightfully theirs?
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