June 7, 2012

Pension Reform: Does Pasadena Need One?

San Jose and San Diego voters approved measures this past election Tuesday, cutting pensions costs and reducing benefits pretty much across the board for each city's employees. Major pension reforms should have occurred long ago, but now push has come to shove and the voters are speaking. But I'm curious to find out what Pasadena's pension obligations compare to not the larger cities, like San Diego and San Jose, but Santa Monica, Long Beach, Anaheim, Irvine, Santa Barbara. Maybe even against the smaller tech cities near the Bay Area cities such as Cupertino, Palo Alto and the like. Sure, it's going to be a long, drawn out fight with unions and reform-advocates now taking the battle to court. I'm not saying we should blindly go about screaming "reform, reform!". But let's look at where our cities stand.

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