Article

2009-03-17 Home Front Economy

In a First, Bankruptcy Judge Rules Calif. City Can Void Union Contracts

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Matt 2009-03-17 19:48|| || Front Page|| [3 views ] Top

#1 won't stand. Every contract has two parties. Cities can pay via many means. NB: I work for one.

Posted by Frank G 2009-03-17 20:37|| 2009-03-17 20:37|| Front Page Top

#2 another note: over several years my employer asked to increase bennies, as well as defer payments to our pension fund and avoid any pay raises for "cash flow" to Special Projects. These were agreed to by contract.

When you look for the start of the Pension Crisis©, look here for Chapter 1. I get a pretty good pension when I retire, lose my SSI contributions on my side engineering business (oh well) to about 20%... but that's what I signed on for. Changing the rules after life-altering decisions have been made for decades? Unacceptable

Posted by Frank G 2009-03-17 21:19|| 2009-03-17 21:19|| Front Page Top

#3 I understand that the elected officials of the government of Vallejo agreed to generous contracts because they knew the unionized employees would be more likely to vote for them. There is an issue of self-dealing here: bribe your employees for votes, and even if you eventually are voted out of office, your successors won't be able to reverse the damage without declaring bankruptcy.

Posted by Eric Jablow">Eric Jablow 2009-03-17 21:41|| 2009-03-17 21:41|| Front Page Top

23:59 Big Crinemp9511
23:57 Silentbrick
23:52 badanov
23:49 Big Crinemp9511
23:44 trailing wife
23:22 Procopius2k
22:58 Broadhead6
22:53 Broadhead6
22:43 JosephMendiola
22:42 JosephMendiola
22:36 Bright Pebbles the flatulent
22:32 Thing From Snowy Mountain
22:30 DMFD
22:27 mom
22:21 Cornsilk Blondie
22:18 Redneck Jim
22:13 Cornsilk Blondie
22:09 Snusing Dark Lord of the Jutes9525
22:08 JohnQC
22:07 Cornsilk Blondie
21:47 trailing wife
21:45 phil_b
21:41 Eric Jablow
21:20 Atomic Conspiracy