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New policy would bank $680M in state rainy day fund

Here we go again with more union whining about undeserved, massive pay raises and increases in benefits. Perreira said some of his members’ wages are not increasing fast enough to keep up with the increases in the cost of their health coverage, let alone the increases in Hawaii’s cost of living.

Sorry Randy but since you have no clue about living within your means, your members need to live just like everyone else. Cut out the bling, live beneath your means, keep cars longer, all the proven concepts of financial security.

Ige would do well to follow the lead of California where a very smart Judge said, “While a public employee does have a ‘vested right’ to a pension, that right is only to a ‘reasonable’ pension — not an immutable entitlement to the most optimal formula of calculating the pension.” Meaning the state can initiate reductions in the coming years to save money. http://www.sandiegouniontribune.com/sdut-pension-rules-can-be-changed-2016aug27-story.html

Randy, the path is crystal clear. You have to work to reduce future pension needs or the pension money pit will bankrupt the Nei. Do your job for once in your life.

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