Young said he was open to the City Council putting a competing pension plan on the June 2012 ballot. Republican and business supporters of a plan to replace pensions with 401(k)s for most new city employees are nearing the final month of gathering signatures to get it on the ballot. But the City Council can place measures on the ballot, too. Democratic mayoral hopeful Bob Filner has said he'd like the council, which is majority Democratic, to do just that with his still-unfinished pension plan.
Read the article here.