Stop the Metropolitan Water District’s scheme to soak taxpayers!

Proposal would give many employees a payout of over $100,000 A YEAR upon retirement

MWD serves customers across southern California, so if you live in southern California this affects YOU!

There are 40 MWD retirees already receiving pensions of at least $100,000 – under the current gold-plated pension plan offered by MWD – according the California Foundation for Fiscal Responsibility.  This proposal makes an extravagant taxpayer-funded giveaway even worse with a 25% retroactive pension increase.

Right now, Metropolitan Water District is in the middle of a two-year 31% rate hike.  

§        MWD employees contribute NOTHING for their pension benefits. 

§        They also don’t pay for social security. 

§        Up until now, they’ve paid NOTHING for retiree health benefits.

§        The pension hike increases unfunded pension liabilities by over $70 million on top of a $400 million unfunded liability caused by market losses.   

When regular Californians struggle to get by, we must send a message to the MWD that we refuse to finance lives of luxury for retired government employees.

Take Action!

1.      Go to www.hjta.org and sign the letter telling the MWD not to move forward with this plan!

2.      Go to the MWD meeting and make yourself heard!

Meeting details:

When:             Noon, Tuesday October 13, 2009

Where:            MWD Headquarters

700 N. Alameda Street

Los Angeles, CA 90012

MWD headquarters is located downtown next to Union Station

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