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San Jose Mayor: We Need Substantial Pension Reform in California
San Jose Mayor Chuck Reed, in Sacramento Bee Link to more items from this source
Apr. 13, 2014
"To avoid this looming disaster, we must do two things. One, we must pay the annual required pension contribution to ensure our public servants receive the benefits they have earned. And two, we need to reduce the cost of future benefits so that government agencies can provide essential services to the public.... [It's] clear that we need to address the legal constraints that prevent employers and employees from negotiating new contracts that will reduce pension debts, increase retirement security and minimize the long-term cost to taxpayers."

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