Wednesday, June 24, 2009

Ventura County considers letting public decide on pension increases - Los Angeles Times

Ventura County considers letting public decide on pension increases - Los Angeles Times: "Alarmed by spiraling pension debt, Ventura County could join a growing number of local governments requiring that future increases in retirement benefits for public employees be put on the ballot.

Voters in Orange County and the city of San Diego in recent years have stripped benefit-granting authority from their elected officials, reserving that power for the electorate. San Francisco has required voter approval of pension benefit hikes since its founding charter over a century ago."

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That might reduce the role of unions in jacking up pension benefits.

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