Mayor Chuck Reed

5:27pm

Thu February 6, 2014
Politics

San Jose Mayor makes case for controversial pension plan

Spartan Daily

Governor Jerry Brown sounded the alarm yesterday, not about the drought, but about the skyrocketing pension costs the state will continue to incur in the years to come.  In a letter to CalPers - the state’s pension fund - the governor warned that plans must be made for longer-lived retirees that will drive pension costs up by $1.2 billion a year.

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