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Menlo Park OKs changes to pension benefit
Menlo Park, posted by Editor, The Almanac Online, on Jan 14, 2012 at 5:55 pm

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

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Posted by Joanna, a resident of the Menlo Park: Downtown neighborhood, on Jan 14, 2012 at 5:55 pm

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

Posted by Joe, a resident of the Menlo Park: Central Menlo Park neighborhood, 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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