SMC
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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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The employees have a right to whatever was negotiated with the County. I am not blaming the employees for the lack of funds necessary to pay their retirements. Riverside County finances depend to a large extent on development fees and taxes. Development has crashed in this area resulting in severe economic distress for the County. As with other government agencies they spend more they can bring in. I doubt any agency keeps its retirement program fully funded at all times regardless of the current economy. Consequently, the County is faced with a future shortfall in its retirement system.
Is it fair that the taxpayers will ultimately be required to fork up the money to pay for these very generous retirements approved by County administraters? Needless to say Riverside County voters are thoroughly pissed off.