Subject: FW: County Salary/ Union members ask why I do what I have about the pension.
Date: Mon, 28 Feb 2011 22:44:15 -0800
Last week I decided to reach out and start contacting State Unions who's contracts have been negatively effected by the pension crisis's. Guess what they have responded with some interest about my research. America is upset just look to Wisconsin for verification. Can One person really make a Difference to the World? Of course we can and Americans do so every day, One example of that would be called being a Parent! Because our future is always in the hands of our children! Wow I really like that example!
Time to believe in "Magic" I do!
I am so glad to receive your response and will try and answer your concerns. I am a 50 year old Father of two sons who went through an illegal divorce here in Santa Barbara 5 years ago. It was the learning curve of abuse through the criminal and civil courts here that I started reviewing policies and the politics of Santa Barbara. I have never been a County employee but I just did not believe a Pension that had performed so well could be having all these problems. I also do not believe every other County had they same problem at the same time. I have been an Internal Mortgage Sales Manager responsible for the Western United States in the past and knew Wall Street was ripping America off. In that case the excuse was Real Estate Mortgages in California we blame the public pension system.
It is not the stated Pension value that alarmed me, it was the math and percentages that alerted me fraud was being committed. Let me give you a real quick example.
You can see my full posting on this matter @
Why should the current county employees be responsible for past actions by the Board of Supervisors? There is a “White Paper’ that attempts to clear up any concerns people might have had with the SBCERS pension written in 2006. My favorite part of the "White paper" written by County Clerk-Auditor-Controller Bob Geis is when he attempts to explain the practice of pulling excess funds" This is not an actuarial sound practice because "excess earnings" are not equivalent to surplus earnings". He than goes on to say how this practice takes from the pension fund but is than added back to the unfunded liability side at a new cost to the County. For Mr. Stoker I have included a attachment that shows elected officials and other Supervisors chose to pull “excess returns” at least 7out of 10 years during 1990-2000.
During my divorce I was exposed to the abuse of corruption by those who have the duty to protect us all from that type of treatment. Sir America is being ripped off and" We the People" keep getting billed for it. I guess I just want to make a difference.
I would love to share my other research and of course have a face to face with anyone who will have me.
Larry Mendoza and please feel free to pass on anything I share with you.