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.
We invite you to discuss and comment on this article using social media.
What's the Best Way to Enroll People in Medicaid?1 day ago
Monuments Get Legal Protection From Removal in Alabama1 day ago
When For-Profit Colleges Close, Nebraska Now Has a Plan B for Students1 day ago
Mayor Joins Race to Replace Chaffetz in Congress1 day ago
The Only Major U.S. City to Lose Population in 20161 day ago
Uber, Lyft Are (Probably) Returning to Austin1 day ago