City Council Ignores PENSION problem - unfunded liability increases
Original post made by Arnold on May 29, 2013
His predecessor, Richard Probert, who retired in 2002, receives $273,000 a year. Deputy Chief Christopher Suter and Assistant Chief Michael Sylvia, both 2008 retirees, annually collect $285,000 and $268,000, respectively."
- What is happening in San Ramon and Contra Costa County is also happening in Alameda County, and even in Pleasanton. And it isn't just the Fire Department. The Pleasanton City Employee Contract that the city council is ready to approve next week is anything but taxpayer friendly. The city is selling the contract as a cost savings when in fact the cost is accelerating at pace that revenue can't catch. The Mayor's claim that he is controlling cost doesn't pencil out.
Pension costs for city employees and school district are about to explode. The proposed contract ignores the inevitable. City Management benefits financially.
City Management Grade for managing the pension problem: D-