Exponential Rise of Pension Plan for Sunnyvale City Workers Prompt Residents to Take Action

“For the past four years, the city has been running in a budget deficit, and a significant reason for that is the growing cost of the city’s pension obligations,” according to Sunnyvale Pension Reform steering committee member Andy Frazer. “I don’t believe pension reform is a political problem; it’s simply a math problem, and I hope we can work together to resolve it.”

The Sunnyvale Pension Reform group has formed to represent the Sunnyvale taxpayers in dialogue between the City Council, city staff and city bargaining units to reign in unfair and unsustainable costs of the city’s pension plan.  

Sunnyvale Taxpayers Liability to City Worker Retirement Pension Plans Exceeding the City Budget?

Are the current, rapidly rising Sunnyvale Pension Employee Plan sustainable? And, if so, at what cost and sacrifice to Sunnyvale Taxpayers?

Please review the comments comparing 2010 vs. 2011 from Andy Frazer presented to the Sunnyvale City Council Meeting on 11/15/11:

My name is Andy Frazer. Madame Mayor and City Council Members… A year ago I spoke here a few times about the biggest problem in Sunnyvale. The city’s employee pension program was too expensive, and absolutely unsustainable. Now, one year later, things have gotten much, much worse.