Pension reform earthquake in California, other cities will follow

Voters in San Jose and San Diego Tuesday overwhelmingly approved public pension reform for their cities. It was beyond a landslide. These results send a clear and unmistakable message to municipalities everywhere that are struggling to meet pension obligations. If pension reform can pass in major California cities, it can pass anywhere. Cities and counties across the country are sure to follow suit and put pension reform on their ballots too.

Some have opined that Tuesday’s California primary was a non-event. Nothing could be less true. The reverberations and impact of these big pension reform wins will be felt for years to come in California and in the nation. California has long been known as being friendly to public unions and the unions have enjoyed enormous political power, but that power is now directly being challenged. What happened Tuesday was an earthquake.

More on the pension reform earthquake at IVN.