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O, Sweet Saint Of San Andreas

By Kate on October 2, 2012 5:40 PM | 6 Comments

Hear my prayer.

h/t Iowa Jim

6 Comments

bverwey | October 2, 2012 7:32 PM | Reply

When ever a law "requires employers" it's a sure sign of redistribution.

bverwey

wallyj | October 2, 2012 8:07 PM | Reply

I took a look at the link provided in the above link and am a bit confused.
Does this mean that the employer will deduct 3% off the employee's paycheque,or does the employer have to contribute 3% of the employees earnings to the program?

marc in calgary | October 2, 2012 8:19 PM | Reply

Meanwhile in Chicago:

The state of Illinois faces at least $83 billion in unfunded liability between its five pension systems, and is on track to spend more on its government pensions than on education by 2016, a new study released by Governor Pat Quinn’s office says.

http://www.foxbusiness.com/economy/2012/08/06/illinois-to-spend-more-on-pensions-than-on-education/

rd | October 2, 2012 8:21 PM | Reply

CALPERS needs a transfusion of cash. Of course the new money will be strictly separated from the public money, sort of like what Corzine did with MF Global.

eastern paul | October 3, 2012 4:04 AM | Reply

Gold, silver, and lots of ammo.

Get with the program... NOW.

Sal | October 3, 2012 6:47 AM | Reply

Meh - Canada's new prpp's provide for auto-enrollment (with an opt out) and US pension legislation has always permitted this. If you don't want to participate, spend 5 minutes on your pay stub and opt out.

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Sal: Meh - Canada's new prpp's provide for auto-enrollment (with an read more
eastern paul: Gold, silver, and lots of ammo. Get with the program... read more
rd: CALPERS needs a transfusion of cash. Of course the new read more
marc in calgary: Meanwhile in Chicago: The state of Illinois faces at least read more
wallyj: I took a look at the link provided in read more
bverwey: When ever a law "requires employers" it's a sure sign read more

O, Sweet Saint Of San Andreas

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6 Comments