In case you missed it, this week’s State Worker column reports on a new twist in the ongoing tussle over San Jose Mayor Chuck Reed’s public pension proposal: some local officials oppose the idea.
Reed has argued that local governments, whose budgets are particularly susceptible to pension-cost hikes, need the clear authority to prospectively cut benefits for current employees. His measure, aimed for the November 2014 ballot, would let them do that (while leaving accrued benefits unchanged). The letter, released by a union coalition fighting Reed’s ballot proposal, is designed to chip away at that assertion. Here’s the letter: