Posted on Thursday, 7/02/2009 - 4:22 p.m. PDT — by 4Antioch
I guess retired Deputy Sheriff Donna Irwin didn't understand that the majority of her pension is based on the taxpayers' money that was put in her retirement plan. As such, the taxpayers have a right to know where their taxes are being spent.
Joined: Jun 2008
Current Posts: 208
Now, Why aren't ALL politicans information public and on the WEB? Let this court rule on that one.
Joined: Dec 2008
Current Posts: 21
Your money is NOW only being spent on her medical/dental and she pays part of that. Everthing else was already put into her retirement fund over the 30 some years she worked for the county. It is HER retirement fund, no longer public money. I guess no one understands that. Concern over what was spent in the past is a bit misguided IMO.
Joined: Nov 2006
Current Posts: 1457
As the County Pension Fund (a 1937 plan) depends on interest and dividends from the money invested into it, and that it is a 'defined benefit plan" (as opposed to a 'defined contribution plan'), when the fund has decreased returns the County (and its current employees) must put additional funds into it.
Had the County had a "defined contribution pension fund", then I would partially agree with you.