Menlo Park pension initiative vs. union


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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