Editorial, includes “… On average, local governments in California are paying 50 cents on top of every payroll dollar to cover retirement costs for public safety employees. … Two dozen jurisdictions are paying 70 cents on the payroll dollar, twice as many as last year, and that number is expected to double again next year to 50. … The state Supreme Court ducked an opportunity to evaluate the California rule in a case decided earlier this year. The justices will get another crack at the issue in a pending case. If they take another pass, the vicious cycle of rising costs for pensions and cutbacks for basic public services will continue to accelerate.”
Read the full article on: The Press-Democrat (California)
November 27, 2019