Pensions Need Pruning! - NBC Bay Area

Pensions Need Pruning!

Brown’s Plan - A Strong Start



    [Editorial] Pensions Need Pruning! Brown?s Plan - A Strong Start

    NBC Bay Area's Stand "for" Statewide Pension Reform. (Published Friday, Nov. 11, 2011)

    It was two years ago when NBC Bay Area first took a stand “for” statewide pension reform— Now, finally, Governor Brown has a plan.  He wants to raise the retirement age for most workers to 67,

    Have them pay into Social Security and 401k’s…And contribute more to their state pensions.  
    Critics call the plan either too tough or not tough enough.  Yet, San Francisco… a strong labor town…voted almost 70% in favor of pension reform last week, so you know it’s time for change.
    No one should lose his fair share of the pension pie.  But we support bold changes.  Abuses-- spiking, double dipping-- and overly generous guarantees--Are destroying the state’s ability to pay for education and  services.

    Urge your elected officials to support meaningful pension reform.

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