City Leaders Lay Out Prop B Pension Reform Implementation Plan
“San Diegans expect results. We must implement Prop B without delay.”
That was the message City leaders delivered today following the landslide approval of Proposition B at the ballot box Tuesday. More than 66 percent of voters endorsed the measure, otherwise known as Comprehensive Pension Reform, to eliminate traditional pensions for new employees and replace them with a 401(k)-style plan, similar to the private sector. The measure also ends pension spiking and directs the Mayor to seek a 5-year cap on pensionable compensation.
Kevin Faulconer – City Council President Pro Tem and citizen co-author of initiative — City Attorney Jan Goldsmith and Council President Tony Young laid out a 5 point implementation plan. Goldsmith, who drafted the implementation plan, said litigation is not the answer.
“It’s time to get to work,” Goldsmith said.
“We must turn this vote into law,” added Faulconer.
Read Goldsmith’s 5-point Prop B implementation plan here.
Matt Awbrey is Communications Director for Council President Pro Tem Kevin Faulconer.