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After months of waiting, supporters have released their
justification for a plan to replace pensions with 401(k)s for most
Backers of a ballot measure that would replace pensions with 401(k)s for most new San Diego city employees released an estimate to the Union-Tribune yesterday showing at least $1 billion in savings over the next three decades.
This morning, they distributed backup information to everyone else. I also attended an hour-long press briefing this morning and will be writing more later.