CA Dems push pension plan for nongovernment workers.“Senate Bill 1234, written by Sen. Kevin de León would require businesses with five or more employees to enroll them in a defined benefit program or to offer an alternative employer-sponsored plan.” Subtitled the “How to get businesses with 5 employees to fire one of them” bill.

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16 Comments on "California Democrats push pension plan for nongovernment workers"

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flashingscotsman
Member
February 26, 2012 5:11 pm

Oh, no. I’m sure that the State plan would be well run, and give great returns on the investment. The state wouldn’t dip into it whenever it needs more money. The fund would invest in solid companies, with a proven return, and the amount paid out would be commensurate with the amount put in. No illegal aliens would be allowed to participate, and,……wait, you put WHAT into my coffee? I’m hallucinating?

Not so silent
Member
Not so silent
February 27, 2012 9:57 am

The California retirement systems, Calpers and Calstars both lost billions of dollars in the past couple years, they need an average seven percent return and now are at one to two percent, you think these idiots in Sacramento can do better? NO…it will be another hole in the budget that the people who actually work and pay taxes will be expected to fill..These pricks in Sacramento won’t be satisfied until they get our whole paycheck and give us an allowance since they “know how to manage money so well”

flashingscotsman
Member
February 27, 2012 12:27 pm

Then keep cutting the allowance when we “misbehave.”

sa_rose
Member
sa_rose
February 27, 2012 1:02 am

Just like Social Security!

deepthinker
Member
deepthinker
February 26, 2012 3:14 pm

This is a three card monty scam. Have the small employers give money to the state so that it can then be put into the state coffers. Anyone with some semblance of sanity seeing where this is so SCREWED UP!!! All its going to do is force what is left of private business out of California.

Elrond Hubbard
Member
Elrond Hubbard
February 26, 2012 12:15 pm

Private employees already contribute 12.4% of their wages to Social Security, I doubt if many will want to contribute another 3% to a state run pension plan. I wonder if this is a attempt to divert Californians from paying closer attention to the generous public employees pensions. Too, public employees retire much earlier than private employees, what’s to stop the state from dipping into the private pension funds to pay the public retirees.

Not so silent
Member
Not so silent
February 26, 2012 9:52 am

This is why Kalifornia needs to go to apart time Legislature..Giving these Ass-Clowns a full year gives them too much time on their hands, That’s why we get over regulated to the point of insanity. I am sure that one of these morons under the dome say the story on the Greek Online Business License, and next we will all be providing stool samples to the state in order to be able to drive, or start a business or something. I say, Why Wait? Lets send them a stool sample now…A couple million ought to swamp the capitol with more of what it generates every day. We could say, “Product of the California legislature” and we could give a couple of them the golden turd award every year for stupidity. Just cause we are ass over teakettle in debt, drowning in crime, driving on roads that were built when Bonanza was shot here, and supporting millions of illegals, and welfare mopes, I mean lets throw more fuel on the fire…Please God, Let a large Meteor hit Sacramento during the workday….Amen

Progressive Hemrrhoid
Member
Progressive Hemrrhoid
February 26, 2012 6:43 am

Klownafornia is swirling around the bowl, and utter stupidity like this will just accelerate the flushing. Greece here we come!!!!

andre
Member
andre
February 26, 2012 5:29 am

California is good for one thing now – to show everyone just how stupid people can get.

My father had a favorite line – Everything in the world can be measured except for stupidity.

How stupid a person can get is infinite. And California is proving it on a daily basis.

Ruben
Member
Ruben
February 25, 2012 11:53 pm

How do I spell “insane”?

“C-A-L-I-F-O-R-N-I-A-L-I-B-E-R-A-L-S,” that’s how!

guysmiley
Member
guysmiley
February 25, 2012 9:54 pm

These two clowns are some of the main reason Calif. is in the condition it is now. Steinberg has been in power out here far too long and has gotten many job and business killing bills passed w/his cronies, along with a ton of entitlement crap for the lazy people and illegals. DeLeon is one of the biggest pain in the ass anti gun nuts we have. He got one or two bills passed earlier this year as his buddy Gerry Brown signed off on them. I emailed Steinberg requesting that he vote no on 4 bills, and I got a response back to the effect that ‘As you know Mr. …., I have a strong anti gun stance, but I’m sure there are a lot of other issues that we could agree on’. I think not, Senator.

Sidekick
Member
Sidekick
February 25, 2012 8:57 pm

Ayn Rand was a prophet

CO2Insanity
Admin
February 25, 2012 9:15 pm

Then watch the waivers come for big Dem contributors.

flashingscotsman
Member
February 26, 2012 5:06 pm

Note to self. Do NOT hire more than four employees.

sa_rose
Member
sa_rose
February 27, 2012 1:00 am

Do you have to include yourself? Maybe keep it at not hiring more than 3, then even if they count you, you’re under the limit.

flashingscotsman
Member
February 27, 2012 12:26 pm

They’d probably like me to pay all kinds of self-employment taxes on myself, but I’m really an unpaid volunteer.

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