San Jose mayor folds on statewide pension initiative

By James Poulos | Cal Watchdog

In a disappointing indicator of the challenges facing public pension reform, outgoing San Jose Mayor Chuck Reed has shelved his statewide ballot initiative designed to address the problem.

The mayor blames a time crunch and unappealing language used in Attorney General Kamala Harris’ ballot summary, according to The San Jose Mercury News. Reed now hopes supporters will target 2016 for the proposed amendment, which would enable city officials across California to renegotiate pension contracts with public workers and retirees.

at Cal Watchdog.

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