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.
How 'Political Ghettos' May Cost Democrats the House4 hours ago
U.S. Department of Justice Will Investigate Baltimore Police5 hours ago
Some States' Medical-Waste Rules Complicate Ebola Fight14 hours ago
Obama Campaigns for His Home State's Governor14 hours ago
Divided U.S. Supreme Court Lets Texas Enforce Voter ID14 hours ago
Sports Betting Now Legal in New Jersey14 hours ago