California Dolphin: statewide California news

Letter: Only one California treasurer candidate understands what’s killing our cities

Viswanathan understands
pensions killing our cities
Re: “Standout pick for California treasurer is just 31 years old” (May 16):
I applaud The Mercury News Editorial Board’s endorsement of Vivek Viswanathan due to his understanding of the state’s public employee pension funding crisis.
The state of California, Santa Clara County and our local cities are unable to fund critical services because they are spending too much of their budgets on employee pensions. Most voters don’t understand how money is spent on employee pensions, and they don’t realize that CalPERS is forcing government agencies to increase their payments every year.
For many years everyone has been allowed to continue underfunding public employee pension plans, and over-promising generous benefits. The website Transparent California reported that many cities in the Bay Area have 100-200 retired employees drawing pensions of over $100,000 per year.
Related Articles





Letter: City Council needs to stop unjust evictions, rent hikes









Walters: California’s per-inmate cost has skyrocketed to $75,000 a year









Letter: Catharine Baker and Paul Graves merit voter support









Letter: ‘Simply following orders’ no excuse for Holocaust — or for Gina Haspel









Letter: Colorado River fiasco should be a lesson to those backing California’s WaterFix



This is killing our local government services. It must stop.
Gene Lee-Cole
Sunnyvale
 
Submit your letter to the editor via this form
Read more Letters to the Editor