The Public Purse offers you serious thinking about economic, financial and political trends at the U.S. state and local level with a focus on municipal credit risk
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Menlo Park pension initiative vs. union
0 Comments | Posted by Natalie Cohen in Taxpayer v. union, pensions
See highlighted article about the struggle among a group promoting an initiative to curb costs: covering pensions for new employees’, raising the new employee retirement age and capping the pension formula. The initiative also would prevent the city council from passing retroactive increases (which is what Detroit did in the middle of its fiscal mess). Looks like the local legislators are letting the taxpayer groups fight the fight with the unions; how convenient.
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