By Todd Lando on Thursday, 19 December 2013
Category: CPF

Leg. Analyst: Reed Pension Initiative May Cost Billions

Public pension foes got yet another lump of coal in their holiday stockings. The non-partisan Legislative Analyst's Office says San Jose Mayor Chuck Reed's initiative to gut retirement security could cost into the billions over the next two decades, and long-term savings could be offset by cost increases in other areas.

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