Saturday, January 14, 2012

SDUT: Mayoral debate includes pension humor

Filner called the initiative a fraud that throws public employees under the bus for the disastrous decisions made by previous mayors — Republicans, he noted — that created a nearly $2.2 billion pension deficit. He is offering an alternative plan that would cap pensions at about $106,000, reach a five-year labor deal with workers and refinance the pension debt with low-interest municipal bonds. Filner said it would free up $500 million over the next few years, although he has yet to release specifics.

Read the article here.

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