Calstrs, which is only for teachers, has over 900,000 members, with a bit less than half currently working. The average pension payout is $50,000 and the average retired person under Calstrs worked for under 25 years. And this is only for teachers.
https://siepr.stanford.edu/sites/default/files/publications/...
The many tens of billions of dollars spent on pensions annually in California alone dwarf any tax breaks given to companies. And California is very stingy with those anyway. For comparison California's annual budget is just about $270bn according to Ballotpedia.
I don’t even know where to begin your comment is so full of deliberate half truths. The people work under 25 years because you only need to work 20 to qualify. Why’s that? Because you only need to work that long to have paid enough into the pension fund to earn that retirement.
Oh yeah that’s the detail everybody loves to skip over; these workers PAID into their pensions. They earned that money.
Again, if the pensions aren’t solvent it’s because of corrupt politicians and nothing else.
Stop trying to blame workers for receiving a benefit they worked for and deserve.
And as far as the pension eclipsing tax breaks; another red herring. The pensions should be getting paid out of a relevant fund. AND while any one tax break may not match the payout of the overall fund there are many many corporate tax breaks written into the laws that collectively cut state budgets to shreds.
The many tens of billions of dollars spent on pensions annually in California alone dwarf any tax breaks given to companies. And California is very stingy with those anyway. For comparison California's annual budget is just about $270bn according to Ballotpedia.