A shift toward risky but poor-performing investments now costs San Jose’s pension plans more than $70 million a year in fees alone.

We support Measure G to strengthen the independence of San Jose’s retirement boards so they can focus more on their financial stewardship.

While a news article slams the city over what it calls "atrocious" investment performance over a two-year period through 2013, the city's retirement officials say critics failed to look at the bigger picture.

City leaders at Wednesday’s Rules and Open Government Committee meeting will talk about placing a measure on the November ballot that would give the city's retirement boards full autonomy.