Tom Saggau doesn’t want to see the number of San Jose public servants decrease as a side effect of poor negotiating.
Pension reform is a large concern in San Jose, as it is in many cities across America. A report released by Joe Nation and the Stanford Institute for Economic Policy Research this December reveals a dangerous risk for the city. It says San Jose may not be able to fulfill its public employees’ pension benefits when they retire. The institute wants to inform economic policy in the United States and other countries via research and analysis. The report states that San Jose, over the next 16 years, has only an 18 percent chance of covering the deficit that underfunded public pensions created.
Saggau doubts the report’s validity....
LINK - PeninsulaPress.com