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.
Post a Comment