By taking the more generous retirement plan that was presented to him as a County employee, Supervisor Shawn Nelson has created an onslaught of Internet outrage from the Blue and Red blogs.
Nelson says it was an accident. Was it? County policy requires that all new employees sign up for one of two plans: the old 2.7 @ 55 or the new 1.62 @ 65 that so far, almost nobody has signed up for at all. If you don’t choose, they will choose for you – 1.62 @ 65. Every single new hire in the County government is presented with this scenario.
What's that smell? Check your shoes.
In any case, Nelson’s decision highlights the dismal failure of Orange County’s alleged pension reform. When presented with two disparate retirement choices, what rational human being would pick the lesser?
Read the rest of “Noob Accidentally Highlights Pension Reform Failures”
i chose a 1.6 gallon flush toilet over a 5 gallon flush
Well, it would all be unremarkable if pension reform weren’t like the centerpiece of Shawn’s politics.