San Jose Mayor Sam Liccardo has confirmed to Capital & Main that his city is nearing a settlement with its nine non-safety unions over a contentious pension-cutting law that resulted in an exodus of public employees, followed by costly legal actions. Measure B, passed in 2012, sought to reduce pensions for new hires, eliminate extra “bonus” checks to retirees and make it harder to qualify for disability retirement. It also called for veteran workers to either pay much more for their pensions or switch to a pension with reduced benefits.
The two sides appear to be moving closer to a settlement similar to one reached four months ago with police and fire unions.
How close? “Soon,” Liccardo said by telephone. “We don’t [quite] have all the signatures yet.”
The story of Measure B and the damage it left in its wake is of more than academic interest,