Posts Tagged ‘DROP’
DeMaio Unveils Plan to End DROP “Double Dipping” in Pension System
Councilmember Carl DeMaio, one of the primary authors of the Prop B Comprehensive Pension Reform (CPR) Initiative, today unveiled another sweeping pension reform proposal to end the notorious DROP Program in the city’s pension system.
The DROP Program allows city employees to retire in place and retain their jobs for up to five years – resulting in a “double dipping” perk where city employees continue receiving a full salary while simultaneously receiving a full pension payout.
Bonnie Dumanis is running… for Mayor Jerry Sanders’ third term
San Diego has a longstanding tradition of electing establishment Republicans, 
often with either military or law enforcement roots as its mayor. Before becoming U.S. Senator and California governor, former Marine Corps officer and Republican Pete Wilson was mayor of San Diego from 1971-1982. Wilson, a moderate to liberal on social issues, did limit the growth of the city’s budget, cut property taxes locally and helped revitalize downtown. However, he was against Prop 13 in 1978 (limiting California’s property tax and requiring a 2/3 majority for increases in state taxes) before he was for it. San Diego city workers opted out of Social Security in 1982 when then-Mayor Pete Wilson promised the city would provide taxpayer-funded health care for retired workers. This promise has played a significant role in increasing the city’s unfunded liability.
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