PENSION REFORM: San Jose police, firefighters' unions sue city over pension disclosure issues State, National, International, posted by Editor, Pleasanton Weekly Online, on Mar 10, 2012 at 5:20 pm
In the latest salvo in a battle over San Jose employee pension reform plans, a lawyer for three unions has filed a complaint against Mayor Chuck Reed and the city with the U.S. Securities and Exchange Commission.
Read the full story here Web Link posted Wednesday, February 29, 2012, 6:46 AM
Posted by Dan, a resident of the Bridle Creek neighborhood, on Mar 11, 2012 at 9:46 am
Greedy, greedy, greedy...
Public sector unions are going to fight to the bitter-end to keep their dues even though they know it would simultaneously bankrupt cities. Gotta give 'em credit, they're tenacious even if they're short-sighted.
Posted by hoops, a resident of the Mohr Park neighborhood, on Mar 11, 2012 at 11:40 am
The simple and painful truth is that public sector unions do not deserve and have not earned the ridiculous pensions they think they are entitled to.This has been argued forever but look me in the eye and with a straight face tell me why you can retire at 50 or 55 with this crazy compensation.They were paid extremely well while working.I guess we can have the cities and states go bankrupt or we can honestly address the I am entitled to this because some idiots made a horrendous agreement years ago.How many people have lost homes,jobs,a big chunk of their 401k because of the financial crisis.Now it is time for these people to make an unplanned for adjustment as well.Work longer like everyone else and cut the benefits by whatever is needed.Hell,most fireman work so hard now that most of them have a second job while they are fireman.How many full time people with careers can do that?
Posted by Steven, a resident of the Pleasanton Meadows neighborhood, on Mar 12, 2012 at 12:57 pm
Greedy, no kidding!!!
Have to blame the politicians too. See what is happening to the city of Stockton: Web Link
The guy they brought to clean the mess up called it a "Ponzi scheme".
The politicians gave themselves and the public sector unions a fantastic deal. Free health care for life after one month of employment, in the case of the city of Stockton.
Wait till the unfunded pensions start hitting closer to home.
View in an RSS Reader
E-mail this topic.
Print this topic.
