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Voters in two major California cities overwhelmingly approved measures to cut retirement benefits for city workers Tuesday in contests being closely watched as states and local governments throughout the country struggle with mounting pension obligations.
In San Diego, 67 percent voted in favor of Proposition B while 33 percent were opposed. More than 65 percent of precincts reported.
The margin in San Jose was even wider, with 71 percent in favor of Measure B and 29 percent opposed. Nearly half of precincts reported.
San Jose Mayor Chuck Reed called the vote a victory for fiscal reform. "The voters get it, they understand what needs to be done," he said in an interview.
Supporters had a straightforward pitch: Pensions for city workers are unaffordable and more generous than many private companies offer, forcing libraries to slash hours and potholes to go unfilled.
Opponents, led by public employee unions, say the measures deprive workers of benefits they were counting on when they got hired...
The ballot measures differ on specifics. San Diego's imposes a six-year freeze on pay levels used to determine pension benefits unless a two-thirds majority of the City Council votes to override it. It also puts new hires, except for police officers, into 401(k)-style plans.
Originally posted by imawlinn
At any moment now the public sector whiners will be chiming in about how they pay the public employees with their taxes, blah blah blah. This is BS. As a public employee, this worries me alot. Typical politics, run the finances into the ground, then pass the burden to the public employees. Sickening!