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Menlo Park OKs changes to pension benefit

Original post made on Jan 14, 2012

Taking the final action needed to put the pension reform initiative approved by voters in November 2011 into action, the Menlo Park City Council on Jan. 10 voted to amend its contract with the California Public Employees Retirement System (CalPERS) to change the retirement age and maximum pension for new city employees.

Read the full story here Web Link posted Friday, January 13, 2012, 2:32 PM

Comments (2)

 +   Like this comment
Posted by Joanna
a resident of Menlo Park: Downtown
on Jan 14, 2012 at 5:55 pm

It is a start... a step in the right direction.


 +   Like this comment
Posted by Joe
a resident of Menlo Park: Central Menlo Park
on Jan 16, 2012 at 6:02 pm

But only a start. Always start with the easy stuff, the new employees. But it will not save nearly enough.


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