San Diego Pension Debate Continues
Voters approve moves that could save the city nearly $1 billion in the next 30 years, but labor groups question the mayor's role in the process.
San Diego voters last week overwhelmingly approved big changes to the city's pension system that could result in nearly $1 billion in savings over the next 30 years, according to the city's official estimates.
Those changes include a switch from defined benefit to defined contribution plans for most employees, and a five-year freeze on pay raises for the purposes of calculating pension benefits.
Although the vote is over, the legal challenges are not, and the savings are by no means a done deal.
San Diego Mayor Jerry Sanders and San Diego Municipal Employees Association General Manager Mike Zucchet discusses the issue with Governing.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
Judge Blocks Texas, for Now, From Removing Planned Parenthood as a Provider for the Poor2 days ago
Maryland Legislative Staffer Loses Job After Real News Reveals He Owns Fake News Site2 days ago
RNC Elects Michigan GOP Chair Romney McDaniel as New Leader2 days ago
Detroit Joins Literacy Lawsuit Against State2 days ago
Feds Give Pennsylvania More Time to Comply With REAL ID Law2 days ago
Dirt Roads Help Some Cities, Counties Drive Down Costs2 days ago