Tuesday, November 8, 2011

SDUT: SD pension initiative qualifies for June ballot

A proposal that represents the most dramatic change ever to San Diego’s public employee pension system has qualified for the ballot after election officials deemed supporters collected enough signatures to put it before city voters next June.

The initiative -- crafted in April by Mayor Jerry Sanders and City Council members Carl DeMaio and Kevin Faulconer -- would end guaranteed pensions for all new city hires except police officers. They would receive a 401(k)-style plan instead.

Read the article here.

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