2 comments:

• ArizonaCentral posted at 2:08 pm on Fri, Sep 21, 2012.

  Posts: 7

  Oh and the the other two plans, $750K over 12 years, is just a plain insult calling that a plan to fix it at all, but expect nothing less from the same people getting paid as the ones making the rules, do they care about taxpayers..NOPE!

  Third choice, cost more money over 25 years and eliminate it, right, who says after 5-10-15 or even 20 years they just vote or again change the plan to their benefit when houses cost $750K for a 2 Bedroom 1 Ba 900sf house and taxes are at an all time high, city cofers are overflowing...etc

  It is like the mafia making up the laws, who wins

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• ArizonaCentral posted at 2:01 pm on Fri, Sep 21, 2012.

  Posts: 7

  The proposed savings based on contributions will not amount to even a scratch of the surface over 25 years, for example the 2% food tax brings in 10 times that in revenue per year and they still cannot balance their budgets. The idea the city needs to have a pension to retain talent, and emplyee's is many year old outdated thinking. Phoenix is not the little desert town it was 50+ years ago when this was started. Take the stance of private companies who offer no Pension, cap sick days, and offer IRA's instead. They have no problem hiring people, making huge profits as shown by the cashflow statements even this year, FIRE and lay off the bloated payrolls of the city and hire new people. Problem with the city is people get a sense of entitlement, cannot be fired and this leads to lazy innefective and poor performing machine, the city will have no problem finding educated, dependable employee's to fill the vacancies. Will this happen, NO because the City is the one making the decision, the people in charge are making decisions for their own futures and benefits, put it to the voters, DARE YOU!

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