Are public employee retirement benefits endangering the
long-term fiscal health of the city of Gilroy?
THIS WEEK’S WEB POLL:
Are public employee retirement benefits endangering the long-term fiscal health of the city of Gilroy?
Yes: 11 No: 0
â– ABSOLUTELY. This is like more and more pounds being added to an already fat man: danger ahead.
â– Yes. What can be done? The private sector has gone to 401k and IRA. Should the city? Public employee benefits are a great incentive to work for government, that’s for sure!
â– YES! Retirement benefits are sure hurting Gilroy’s fiscal health. I know how long and hard I have to work for the little retirement I get from a public retirement package, but firemen and police are ridiculously over compensated! And they get it all at such a young age!
â– If the benefits are taking too much of the budget pie, yes.
â– If the acturaries say the retirement benefits are indeed endangering the city, then I would have to agree.
â– Yes! I wish someone were responsible to replenish my lost retirement funds!
â– Government employee benefits are of long-term fiscal concern and should be reconsidered. However, what was previously promised needs to be supported. You can’t fairly change the benefits retroactively.
â– Absolutely. Benefits need to be rolled back or employees must share more of the cost of cushy retirement plans.
â– YES. As reported in the paper, retirement benefits are endangering the fiscal health of several cities around the state.
■Yes. It is the cost of doing business. These expenses are costing cities, counties, the state, federal – all levels of government.
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