After months of talk, someone officially proposed an alternative to a high-profile pension reform initiative that will face city voters in June.

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    Written by Liam Dillon

    Liam Dillon is senior reporter and assistant editor for Voice of San Diego. He leads VOSD’s investigations and writes about how regular people interact with local government. What should he write about next? Please contact him directly at liam.dillon@voiceofsandiego.org or 619.550.5663.

    12 comments
    Theresa Quiroz
    Theresa Quiroz subscriber

    Thanks to Council member Alvarez for bringing this forward. It is a much better option for the taxpayers.

    Theresa Quiroz
    Theresa Quiroz

    Thanks to Council member Alvarez for bringing this forward. It is a much better option for the taxpayers.

    Tammy Tran
    Tammy Tran subscriber

    It may be necessary to have an alternative pension measure.

    TammyT
    TammyT

    It may be necessary to have an alternative pension measure.

    Bill Sheffler
    Bill Sheffler subscribermember

    Further, by leaving new hires in the DB plan, it leaves the door open for an MP3 proposal.

    WmJSheffler
    WmJSheffler

    Further, by leaving new hires in the DB plan, it leaves the door open for an MP3 proposal.

    Chris Brewster
    Chris Brewster subscribermember

    City employees tend to stay with their employer over the long term. Having a safe and secure retirement ensures a degree of security for them, but also removes a concern for society that these people might become a burden to others when they can no longer work. If the city and by extension the taxpayers will spend the same amount in benefits on a 401(k) or a pension, I would suggest for these reasons that the pension is by far the better option. All the better if it is less costly.

    B Chris Brewster
    B Chris Brewster

    City employees tend to stay with their employer over the long term. Having a safe and secure retirement ensures a degree of security for them, but also removes a concern for society that these people might become a burden to others when they can no longer work. If the city and by extension the taxpayers will spend the same amount in benefits on a 401(k) or a pension, I would suggest for these reasons that the pension is by far the better option. All the better if it is less costly.

    Jim Jones
    Jim Jones subscriber

    Is anyone in SD really dumb enough for fall for a union backed faux alternative to ending these ridiculous and expensive pensions?

    Jim Jones
    Jim Jones

    Is anyone in SD really dumb enough for fall for a union backed faux alternative to ending these ridiculous and expensive pensions?


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