The Problem with Pensions: February 2011

• Pensions

  The Problem with Pensions: Changing the system

  

  Posted 8:02 PM 2/24/2011 by Nancy Chen

  There's a growing call for reform to keep city budgets in control.

  But the solutions are not as easy as taxpayers might hope for--and any changes have their ripple effects.

  But critics say sometimes, they're imperative.

  "The costs are going up, and they're continuing to go (More)

  
  

• SAN LUIS OBISPO

  The Problem with Pensions: San Luis Obispo's financial crisis

  

  Posted 6:28 PM 2/23/2011 by Nancy Chen

  The new ballot measure on binding arbitration and pension reform is just another chapter in the growing tension over San Luis Obispo's budget.

  The San Luis Obispo City Council will let voters decide whether binding arbitration should be repealed; the council also decided to let people (More)

  
  

• CENTRAL COAST

  The Problem with Pensions: Public worker gets almost $200K/year for retirement

  

  Posted 6:32 PM 2/22/2011 by Nancy Chen

  Retirement on the Central Coast--it's not too shabby, especially if you work for certain public agencies.

  How's retirement at the age of 57 and getting $152,825 a year for the rest of your life sound?

  That's the reality Ken Hampian, the former city manager of San Luis Obispo, is (More)