San Jose Pension Reform, Measure B (June 2012)
The amount that the city pays every year for the retirement plans of its retired workers has risen from $73 million in 2001 to $245 million in 2011.
- Chuck Reed, San Jose's mayor, is a leading supporter of the pension reform measure.
- Jeff Cristina, director of Environmental Services at GreenWaste Recovery in San Jose, supports the measure.
- County Assessor Larry Stone says he supports the measure because "We need significant reform, not just incremental reform. Why? Because the current system is unsustainable."
The measure is opposed by the city's public sector employee unions. In a statement released by five unions after the vote to place the measure on the June ballot, the unions said, "the mayor and his supporters scored some political points today, but only time will tell what the ultimate cost to our city will be."
Path to the ballot
The San Jose City Council voted to place the measure on the June 5, 2012 ballot in a meeting on March 6, 2012. The vote was 8-3.
Chuck Reed, Pete Constant, Pierluigi Oliverio, Madison Nguyen, Sam Liccardo, Rose Herrera, Donald Rocha and Nancy Pyle voted in favor of placing the measure on the ballot.
Ash Kalra, Kansen Chu and Xavier Campos voted against placing the measure on the ballot.