By Matt Wilson, MercuryNews.com -
Cupertino city officials are chiming in with other local cities on a Santa Clara County civil grand jury report regarding the continually contentious issue of public-sector pensions and other employee benefits.
The report was released in June, and all Santa Clara County cities are required to agree or disagree with each finding and recommendation in the report. The city council gave interim city manager Amy Chan the go-ahead to sign off on a point-by-point response Sept. 4.
The grand jury's findings and recommendations focus on long-term health of pension plans and other post-employment benefit obligations given out by local governments. Report recommendations include extending the employee retirement age, adopting two-tier retirement plans, increasing employer contributions and adequately funding post-employment obligations.
The usually budget-conscious city of Cupertino agreed with most of the jury's findings. The grand jury report argued that public sector employees are eligible for retirement at least 10 years earlier than is common for private sector employees and that cities should adopt pension plans to extend current retirement plan ages.
The city not only concurred, but stated that it is in negotiations to provide a "2 percent at age 60" plan for all new employees with an effective date of Jan. 1, according to the response.
Grand jurors suggested that all cities' new tier plans should "close the unfunded liability
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