"The eyes of the nation are on San Jose as a landmark June 5 measure to trim soaring pension costs puts residents of the 10th largest U.S. city at the center of a $1 million-plus battle for their votes.... [It] would limit retirement benefits for future hires and require them to pay half the cost of a pension. Current employees would keep the pensions already earned but have to choose either a more modest and affordable plan for their remaining years on the job or pay up to 16 percent more of their salary to continue with the existing benefit."  MORE >>