Monday, November 07, 2011

Big labor’s backlash:Its assault on state reforms

The New York Post reports on the status quo:
Meanwhile, back in the real world of the struggling private economy, workers slog on to 65 and beyond, carrying public-sector parasites on their backs as they try to meet mortgage payments and put their kids through college.

Perhaps no place illustrates more vividly the magnitude of the public-employee problem than San Francisco. The City by the Bay now supports 26,000 public employees -- and 28,000 retirees, ballooning its pension “obligations” by $100 million a year.

That’s right -- San Francisco is effectively supporting an invisible, nonworking “work force” even larger than its official one.

With Calif. Gov. Jerry “Moonbeam” Brown stalemated by the state Legislature in his attempt to effect modest pension reform, San Francisco and other cities, including San Diego and San Jose -- on the front lines of confronting the entrenched might of the state unions and the Lawyer Left -- are putting pension reform on the ballot, seeking to save more than a billion dollars over the next decade.

But courts have largely been sympathetic to arguments that defined-benefit retirement plans for public employees are enforceable contracts -- and to hell with the economic disaster that will surely follow.

An article well worth your time.