- Associated Press - Thursday, July 16, 2015

SAN JOSE, Calif. (AP) - San Jose has reached a tentative deal with its public safety unions over pension cuts approved by city voters in 2012.

The San Jose Mercury News reports (http://bayareane.ws/1HArb7S) that Wednesday’s deal would keep many of the cuts in place. Bonus checks for retirees would be eliminated and pensions would be scaled back for new employees.

A judge had previously blocked a requirement that existing employees pay more into their pensions and retiree health care plans.

The city and its unions have spent millions litigating the cuts in court before discussing a settlement.

Wednesday’s deal is only with the police and fire unions, but city officials say it will pave the way for settlements with other unions.

The settlement still has to be approved by police and fire union members and the city council.

___

Information from: San Jose (Calif.) Mercury News, http://www.mercurynews.com

LOAD COMMENTS ()

 

Click to Read More

Click to Hide