Schwarzenegger Plans Shake-Up of Calif. Pensions (partial privatization)

SAN FRANCISCO (Reuters) - California Gov. Arnold Schwarzenegger will urge lawmakers to pass a sweeping overhaul of the state's public pension systems, including Calpers, the nation's largest pension fund, an aide said on Wednesday.

Schwarzenegger plans to use his "State of the State" address on Wednesday evening to back a plan that would scrap California's defined-benefit public pension plans in favor of defined-contribution plans similar to 401(k) retirement plans in the private sector.

Critics of that partial privatization, which mirrors Bush administration moves to shift Social Security money into private accounts, call it an attempt to undercut the influence of Calpers as a corporate watchdog and curb its political activism.

The aide to Schwarzenegger, a popular Republican who has clashed with the state's Democrat-controlled legislature, declined to provide details.

http://www.reuters.com/newsArticle.jhtml?type=domesticNews&storyID=7247869

FASCIST THIEF!!!!!!!!!!!!!!

"I'll take it to the voters blah, blah, blah..."

The anti-Pet Terminator campaign slogan should have read, "A vote for the piece of shit Pet Terminator is a vote for the piece of shit presidunce*."

WTF is the difference?

--
Critics of that partial privatization, which mirrors Bush administration moves to shift Social Security money into private accounts, call it an attempt to undercut the influence of Calpers as a corporate watchdog and curb its political activism.--

usurper?

oh no no no!

...but remember a bunch of deluded morans already put this guy into office and voted for several propositions he advocated (cutting the right to sue; not making big employers provide health insurance, etc.) so he has already demonstrated the most prized characteristic in a 'puke politico: the ability to induce idiot voters to act against their self interest.

I sure hope the CA media does its job and exposes this fraud.:eyes:

but NOT with the state workers!

The stupidity level of the public knows no depth, and their gullibility to salesmanship and gimmicks has no limit.

:puke: OMG!!!

the gropinator moves forward to do the bidding he was sent to do

hold on to your pocketbooks ... they're going suck every penny possible into corporate accounts

will instill fear in the public aka shrub w/the social security 'scare'?


Schwarzenegger Plans Shake-Up of Calif. Pensions
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=1125160

I just found out what Schwartzenegger did to Calpers
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=114&topic_id=12980

Ousted CalPERS president convinced governor helped bounce him
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=141&topic_id=4997

Calif. Lawmaker Wants to Privatize State Pensions
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=141&topic_id=4619

Schwarzenegger urges pension overhaul
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=1126121

Arnoldwatch.org-A Burd in the Hand
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=141&topic_id=4488

Great for researching!

why is there any discussion about this clown??????