Everyone’s talking pensions and benefits these days. It’s the elephant in the room that can no longer be avoided. Even the Mercury News Editorial Board has found religion on the subject, endorsing the passage of Measures V and W. “As to pensions, there’s a recognition across the nation that the level of public sector pensions is not sustainable…spiraling towards bankruptcy serves no one.”Read More 43
Measure V puts budget control back in the hands of the elected representatives of the people, which is where it should be. It’s our money, and we elect people that we think will spend it in the most productive way possible.
Measure W would allow the city to create new retirement programs for new hires that are in line with today’s employment landscape. It protects current employees’ pensions— nobody who works for the city will be affected by this change.Read More 36