Hard work at the county government locations will regularly build up less retirement savings their employees depend on to plan a comfortable retirement. The county supervisors tied up open work on lowering the savings burden the county handles for its employees by voting to lower the government's retirement contribution by one thrid for members of the SEIU LOcal 221.
The new employee savings plan starts after the old plan ends on December 27th, 2013.
Once the old county practice is entirely eliminated on the 27th in December in 2017, government contributions lower to nothing.
Official offsets to labor costs have put an end to many stumbling blocks the county board ran into during work reforming the county budget. County employees in the service employees international union will live in retirement among the government support have nots.
This is a Center Line Policy Alert.