Editorials Weigh In on Failed Pension Reform Effort
An editorial in the San Francisco Chronicle argues the abandonment of a ballot initiative that would have granted cities greater authority to change pension and retirement benefits for public workers was "a win for organized labor," adding, "Each year of delay raises the risk that overly optimistic projections on pension-fund investments will not materialize, and future generations will bear the burden in higher taxes and reduced government services." Meanwhile, a separate editorial in the Orange County Register called the decision to drop the initiative a "shame" and that "such a reform cannot come too soon for cities and counties already struggling under the weight of their pension obligations."
- "Lost Opportunity for Pension Reform" (San Francisco Chronicle, 3/20).
- "Editorial: Pension Reform Delayed Is Reform Denied" (Orange County Register, 3/20).