Submitted as a comment by Retired State Senator and Judge Larry Stirling…
D.A. Dumanis betrays her lack of experience in any public-policy arena besides the narrow one of politics and the criminal-justice system with her position on the retirement issue.
Because of the magic of compounding and the time-value of money, the entirely portable, front loaded, and privately managed defined-payment plan with a match is a superior program for the public-safety employees themselves, in every way.
The underfunded, ill managed, high overhead, defined-benefit plans have proven to be a national cancer on our Federal, State, and local governments in addition to being a lousy deal for the employees.
In this one move, she has defined her crass politics, her lack of understanding of the issue, and the fact that she would be a tool of the public employee unions, hardly an auspicious start toward an office that requires quite the opposite.


Comments 1
Hi-lited in SD County section (lower RH) of today’s Flash…
http://www.flashreport.org/index.php?doDate=20110420