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San Jose pension costs exaggerated

Posted: Feb 13, 2012
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The assault on state employee pensions took a hit this week as an investigative report from the Bay Area NBC affiliate uncovered some shocking facts regarding San Jose Mayor Chuck Reed's campaign against public employees.

The NBC Bay Area Investigative Unit uncovered internal documents which reveal that projected retirement pension costs for San Jose have been greatly exaggerated.

Mayor Reed has cited repeatedly a projected 2015 pension cost of $650 million in his very public campaign to slash pensions. It is now apparent that Mayor Reed's estimate was artificially inflated to more than twice the actual projected cost that the city will face in 2015.

As ACSS prepares to head to the Capitol in March for Lobby Day, we will continue to fight to ensure that your rights - and your career - are protected.

Watch the full story below, courtesy of NBC Bay Area: 

 


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