Bobby Jindal’s Bait & Switch Shop Retirement Special
It’s not enough that Jindal has proposed to sell State Employee Group Benefits, resulting in the THEFT of the $500 million surplus accrued in OGB from the insurance premiums EMPLOYEES paid (ahem: to clarify, not the state’s money) - he wants state employees to pay an extra 3% because the state failed to pay its portion of retirement over the past many years. Think that 3% is going to the Retirement System? Nope. It will be placed, it appears, in the GENERAL FUND. The state tax bill for state employees and no one else just increased by 3%
And that unfunded liability in state retirement? Hell, it continues to accrue, because the STATE did not fund the portion of employees’ retirement that it promised to do, and won’t be funding it with that extra 3% employees will be paying. Nope. Watch the video to see what’ll happen with that extra 3%
Video courtesy of LAJUICE - Louisianians Against Jindal’s Unjust Intentionally Created Emergency.