Tag Archive for Government Pensions

The Terrible Public Pension Threat

It’s time for a class war over public union pensions… Despite defined benefit (DB) pensions, like the ones public employees get, being more economically efficient and offering better returns, private employers have mostly switched to 401(k) plans, or defined contribution (DC) plans, because they’re cheaper. Between 1979 and 2001, the portion of the workforce covered by defined benefit pensions dropped by half. By 2008, only 20 percent of private workers had such a pension.

Nguyen and Campbell Sound Off On Hybrid Pension Debate

There has been a lot of criticism of the innovative employee pension plan negotiated by the Orange County Board of Supervisors and the labor unions representing County workers and managers. The innovative hybrid defined-benefit and 401(a) plan, first negotiated with Orange County Employees Association (OCEA) currently offers new employees the opportunity to select a lower…

Sidhu Slams Nelson for taking public employee pension

The inevitable fallout from our revelation last week that Shawn Nelson decided to opt-in to the county defined benefit pension plan has begun. In a press statement released this morning, 4th District Orange County Supervisor candidate Harry Sidhu slammed Supervisor Shawn Nelson for opting-in to the county employee retirement system. Below is the release: Harry…