Last week, city pension fund trustees made a change that will make pension bills larger for the city and employees. But they also gave the city a break that they hope will allow it to pony up more for police officer pay.
In this week’s San Diego Explained, NBC 7’s Monica Dean and Voice of San Diego’s Ashly McGlone describe what pensions are, why their funding has declined and why that matters.
On the podcast this week, we break down San Diego Unified’s big grad rate announcement, and how the district chose to obliquely respond to our reporting. Plus, the lead proponents for and against San Diego’s major pension reform initiative joined the show to talk about this week’s big court ruling.
San Diego’s 5-year-old pension reform measure is legal, a California appellate court ruled this week. Proponents and opponents of the plan agree on one thing: The ruling could have major repercussions throughout the state. They just disagree on whether that’s good or bad. Voters in 2012 approved Proposition B, freezing employees’ pensionable pay for five […]
The Valley Center Municipal Water District tops the list of San Diego’s 10 worst-funded pension plans. The tiny water district’s pension fund has just 61.3 percent of the money needed to pay out its retirement promises to current and former employees.
San Diego county and city pension funds have nearly $7 billion less in the bank than they need to cover benefits already earned by current and former employees, a deficit that’s risen 90 percent in just two years, new reports show.
I voted for Proposition B, supported the City Council’s decision to appeal the PERB ruling against it and continue to support its implementation.
Creating a long-term liability would not help recruit more dispatchers. It would, however, create new problems for the city.
Proposition B, passed in 2012, ended guaranteed retirement benefits for new city hires. Candidates in District 9 believe offering pensions may help solve the city’s 911 dispatcher problem.
The state’s labor board says the city has to make employees whole after screwing up Proposition B three years ago. No one has any idea how to do that. The mayor’s pushing for an appeal.