Government employees in California are asked to help in the state’s financial recovery

According to a new poll conducted in California. Voters in California are requesting government employees to give up some of their retirement benefits to help the state to recover its financial position. They are asking government employees to restrict their pensions and also extent their age for collecting pension.

Californians believes that those who received public retirement benefits are putting local governments under considerable financial strain, so there should be some changes in the current pension system. Therefore voters are supporting for rolling back benefits available to few outside the public sector. Voters are demanding changes in the pension system as part of state budget negotiations not only for future employments but also for the current employees who have been promised the benefits under contract.

Poll shows that 70% of voters are favoring a cap on pensions for current and future public employees. Only 52% respondents are in favor of increasing the age to collect retirement benefits. Around 68% approved increasing the amount of money government employees should be required to contribute to their retirement.

Usually public safety officers retire at 50 with a pension equal to 3% of their final salary for each year worked.