With libraries built and unopened and police officers laid off, voters in two California cities voted overwhelmingly to cut pension benefits for municipal employees.
In San Diego, a defined contribution plan will be the order of the day and in San Jose, current retiree benefits will be cut, but not without a court fight.
It's not a party issue either. San Jose has a Democratic mayor who realizes when pension costs approach 30% of the city's operating budget something has to give.
New York's pension reform bill passed this year takes a stab at containing costs but the unions blocked Governor Cuomo's plan for a 401k style plan across the entire workforce.
San Diego and San Jose Pass Pension Cuts - NYTimes.com
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