Despite having a pro-union puppet sitting on the gubernatorial throne at the Maryland statehouse, public sector employees are once again grabbing their greedy pitchforks and heading for Annapolis.
Democrat governor, Martin O’Malley, would seem to be the ideal dream date for public sector suitors. O’Malley has been an artful courtier of these bureaucratic belles for some time, offering them ever bigger bites out of the state of Maryland’s bulging budget. He has even championed the unionization of additional governmental employees to the joy and rapture of his public sector consorts.
All good times, however, are destined to end and trouble has been brewing in this once perfect marriage of union and state. The wining and dining was great while it lasted but now the gubernatorial bridegroom has discovered that he’s falling drastically short of the taxpayers’ lolly.
The governor of Maryland is now forced to face the fatal governmental giveaways handed out by previous administrations. O’Malley is in a bit of a thorny patch that has to do with the sticky question of just how to handle a $19 billion unfunded pension liability.
To address the pension shortfall, the Governor has proposed the following changes to state workers’ retirement plans:
Employees would have a choice of continuing to pay 5 percent of their salaries toward retirement with reduced benefits or increasing their contributions to retirement from 5 percent to 7 percent while earning benefits at the current level. New state employees would pay 7 percent. The proposal also includes tighter eligibility criteria, with vesting beginning at 10 years instead of 5 years. Early retirement would be increased from 55 to 60 years. Fox News
Are all you private sector workers out there choking back your sobs of sympathy for all your brothers and sisters forced to endure such state sponsored slavery?? They’re being asked to make a 7% contribution to a defined benefit pension plan and delay retirement until the age of 60. IS THERE NO JUSTICE!?
On Monday, the American Federation of State, County, and Municipal Employees (AFSCME) staged a protest rally in Annapolis to decry the Governor’s heartless pension proposal. Boo-hoo, boo-hoo. The union morons demanded that O’Malley soak the rich citizens of Maryland and then hike the taxes on private enterprise to fund the state’s bureaucratic bourgeoisie.
Big Government equals Big Bureaucratic Babies and lots of them. Time to start weaning these overgrown brats from the taxpayers’ teat.