mike23w
Giggity
San Jose's $100,000 pension club is rapidly growing
crazy.
San Jose's pension costs have more than tripled ... outpacing the 20 percent growth in city revenues
Nearly 1 in 3 retired San Jose police officers and firefighters now receive annual pensions of $100,000 or more
The maximum amount a pensioner who worked 30 years can initially receive is 90 percent of pay for cops and firefighters
a guaranteed pension and automatic 3 percent annual cost-of-living raises that exceed the inflation rate
some former city employees who retired a few years ago are now paid more than they were on the job, while remaining workers have taken 10 percent salary cuts to help pay the pension tab.
Rob Davis, who retired as police chief a year ago, collects San Jose's biggest pension, an annual benefit of $221,488 a year.
Former firefighter union president Randy Sekany's $129,223 pension,... now tops the $124,326.. he made in 2007 as a fire captain
crazy.


