Pension

Council to Consider New Contractor for Environmental Innovation Center

After royally screwing up the Environmental Innovation Center (EIC) project, the city’s trying to clean up the mess by hiring a financially stable contractor. The City Council will consider a takeover agreement with Liberty Mutual Insurance Company when it meets Tuesday. Other items on the agenda include a project to house homeless people, new developments at the airport and a review of local cities’ disability retirement programs.

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No More Pay Raises for Govt. Executives

City manager Debra Figone made the correct decision in turning down a raise. What was astounding was that it was ever offered in the first place. Her current compensation is a whopping $227,975 a year. Just the offer of this raise is cause for voters to become irate. It reduces the credibility of public service and confirms taxpayers belief their money is being wasted.

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Mayor Taking Fiscal Reforms to Voters

Declaring a fiscal and public safety emergency, Mayor Chuck Reed unveiled his fiscal reform proposal Friday afternoon at City Hall. The reforms will focus on pension and health care for current and future employees, and some actions will require changes to the city charter, meaning measures will need to be put on a ballot for voter approval. The proposal being put forward was co-signed by Vice Mayor Madison Nguyen and councilmembers Sam Liccardo and Rose Herrera.

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San Jose’s Pension ‘Cancer’

Last week, San Jose Mayor Chuck Reed and former San Francisco Mayor Willie Brown offered stark comments and opinions on the subject of runaway public employee compensation and pensions.  In an interview with the Wall Street Journal, Reed suggested that the “seeds” of the problem were planted almost 30 years ago.

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