Town Square

Post a New Topic

City pay, pension costs rising

Original post made by @taxpayer, Midtown, on Dec 19, 2012

While other cities are reducing the pension and government cost, why the pension costs are rising significantly in Palo Alto! The rise is significant starting from 2012, big jump in 2015, another huge jump in 2017 (to $40m). Wow!!!

In 2005, city employees contributed 41% to their pension, this year they contribute 13.7% and in 2016 (4 years from now), they contribute a mere 7.9% to their pension.

This is a really good deal. How do we apply for a city position!!

Comments (1)

 +   Like this comment
Posted by Anon.
a resident of Crescent Park
on Dec 19, 2012 at 12:57 am

These pensions for well-connected people are yet another way for the people to be taxed by an elite ... it is a conspiracy to defraud the public but our very leaders.


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Cho's, beloved dim sum spot, to reopen in Los Altos
By Elena Kadvany | 8 comments | 5,620 views

Why I Became Active in Palo Alto Forward
By Steve Levy | 10 comments | 2,158 views

Early Decision Blues
By John Raftrey and Lori McCormick | 0 comments | 1,663 views

Guest Post from HSSV: Adopt a Naughty Dog!
By Cathy Kirkman | 1 comment | 1,405 views

First Interview
By Sally Torbey | 6 comments | 834 views