San Diego and San Jose Lead Way in Pension Cuts

[Sherman A1]

While the eyes of the nation focused on Wisconsin, where Gov. Scott Walker brushed back a recall attempt by critics of his move to strip most public-sector unions of their collective bargaining rights, a pair of less noticed local elections Tuesday in California could have more immediate ramifications for struggling state and local governments and for organized labor.


Residents of San Diego and San Jose voted overwhelmingly to cut the pension benefits they give city workers. And they did so in a way governments traditionally avoid: moving to cut not just the benefits of future hires, but also those of current city workers, whose pensions generally have much stronger legal protections than those of private-sector workers.

http://www.nytimes.com/2012/06/07/us/politics/san-diego-and-san-jose-pass-pension-cuts.html?nl=todaysheadlines&emc=edit_th_20120607

While I understand that money is a problem, changing the rules for those already in a system mid stream is simply wrong in my opinion.

[Hatchling]

1. There are going to be lawsuits in SD. nt