CalWatchDog’s Wayne Lusvardi sounds a warning bell not to get comfy with the pension reform measures just passed, even if they hold–the outlook is much worse

A pension reform ballot proposition was passed by the voters in the city of San Diego by a margin of 66.2 percent in favor to 33.8 percent opposed.. A similar pension reform measure in the city of San Jose is leading with 89.8 percent of the vote in favor with 37.7 percent of the vote counted.

But the gnawing question remains: Will voters end up with the pension reforms they voted for? Or are these reforms just the proverbial calm before a possible bigger pension storm? Tentative Results of Pension Reform Measures…
Pension reform or double-dip storm in San Diego and San Jose? | CalWatchDog