Tag: San Jose pension
![Creative abstract money savings sketch on modern laptop monitor, accumulation and growth of money concept. 3D Rendering](https://crr.bc.edu/wp-content/uploads/2022/11/state_and_local_pensions_2-1536x1024.jpg)
A recent press story highlighted proposed pension cuts in San Diego and San Jose, California as pioneering efforts to rein in pension costs (New York Times 6-6-12). These cuts were deemed newsworthy because they reduced future benefits for current participants, an action which at the beginning of the financial crisis was thought to have been…