San Jose workers dispute pension cost claims

SAN JOSE, Calif.

"These folks dedicated years of their life to public service for the community, they're going to retire and get a pension about 50-percent of pay, no social security," said Dan Doonan, an ASCME labor economist.

"We have to find a way to makes it more sustainable because currently closing libraries and laying off police officers is not a good alternative," said San Jose City Council Member Pierluigi Oliverio.

Mayor Chuck Reed says the numbers don't lie, and insists they show San Jose's $105 million deficit is mostly due to increased pension costs.

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