The city is seeking data to use in its financial forecasts so it will know how much money to set aside for future obligations. "We're probably going to have to sue our three pensions for just basic actuarial data," Parker told the Chronicle during an editorial board meeting.
The city is specifically seeking data on employees in a deferred retirement option program (DROP). The city lacks information on when employees enter the DROP program, making projections of future costs difficult.
The mayor is also pursuing an effort to enact some pension reforms, but any changes would have to be made by the state legislature, the Chronicle reports.
Finance Director Kelly Dowe told the board that a lawsuit would be a "last-gasp effort" to try to get information necessary to craft an accurate budget.