Public Pension Reform Unlikely, but Problem isn’t Going Away

From The Sacramento Bee:

San Jose Mayor Chuck Reed’s chances of enacting a comprehensive public pension reform ballot measure were scant even before Attorney General Kamala Harris gave it an unfriendly official summary.

He faced the essential dilemma of all would-be pension reformers: They have no natural allies among the political interest groups that might put up the many millions of dollars a successful ballot measure drive would require, but must contend with public employee unions – foes with bottomless wells of campaign money.

When Harris’ office issued a summary that characterized the proposal in negative terms closely paralleling the unions’ position, and Reed couldn’t persuade a judge to alter it, he backed off.

public employee union pension

Speak Your Mind

*