California Cities Vote For Public Sector Pension Reform

As state and local governments grapple with the costs of their employees’ retirements, elections this month in two big California cities may signal a sea change in the pension reform debate. On June 5, more than two-thirds of voters in both San Diego, the state’s second-largest city, and San Jose, its third largest, approved sweeping reforms to curtail government employee pensions. Experts say the elections are important because it shows strong public support in two major cities for changes that many municipalities may need to pursue amid an ongoing weak economy.

Bond Buyer


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