CalPERS: $5.7 million to end San Jose council pensions

... some retirement plan. If you spend eight years in a place, it should provide a decent retirement plan." Social Security cost as percentage of pay: 12.4 percent. (Pension cost figures include employee contributions, exclude retiree health costs. ...

http://www.contracostatimes.com/breaking-news/ci_23071124/calpers-5-7-million-end-san-jose-council?source=rss