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Riggs, Theile-Sardina will lead initiative to reduce city pensions

Original post made on Apr 8, 2010

Henry Riggs of Menlo Park's Planning Commission and Roy Theile-Sardina will lead the ballot initiative drive aimed at cutting pension payments to future Menlo Park city employees, excluding police officers.

Read the full story here Web Link posted Wednesday, February 10, 2010, 12:00 AM

Comments (3)

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Posted by peter
a resident of Portola Valley: Ladera
on Apr 8, 2010 at 4:34 am

This is a great idea. Cities like Mountain View should start an initiative for pension reform. The MV Voice newspaper recently reported that a librarian in the city retired with a yearly pension of $187,000, that's right. Could not believe it.
Something needs to be done.

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Posted by voter
a resident of Menlo Park: Allied Arts/Stanford Park
on Apr 9, 2010 at 5:21 pm

Wish they were doing this initiative at the state level where it belongs. As much as I agree with the notion of changing the benefit structure, I do fear that unilateral changes will hurt Menlo Park's ability to hire in the future if other cities don't follow along.
This is a statewide issue.

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Posted by get real
a resident of Menlo Park: Central Menlo Park
on Apr 14, 2010 at 5:53 pm

hire in the future? are you kidding? we need to eliminate entire departments and 'right size' the staff. we are a very small overstaffed place and this council has been spending money like drunken sailors. besides, who really believes that we can't hire people from the private sector with 12% unemployment and pay/vacation/pension packages like what the city employees get? these city folks are so far ahead of the game, even if you deeply cut back on these packages, droves of applicants would line up to apply for the jobs.

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