Carl DeMaio and Chris Reed in video on city pensions

Richard Rider, Chairman, San Diego Tax Fighters Richard Rider, Chairman, San Diego Tax Fighters Leave a Comment

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Here’s an informative professional video starring San Diego’s Chris Reed and Carl DeMaio — discussing the “CPR” initiative that recently qualified for the ballot. It’s a groundbreaking pension reform effort, moving most workers to 401k plans.

The stories of the unions’ blocking efforts and advertising dishonesty are remarkable. I’ve made some comments on the REASON video website.  I don’t know how to embed the video itself, but this link takes you to it, and includes the write-up below, plus the comments.

http://reason.com/blog/2011/11/17/pension-reform-and-union-shenanigans-in#comment_2645042

Pension Reform and Union Shenanigans in San Diego

Paul Feine & Alex Manning | November 17, 2011

“Carl DeMaio, the councilman who’s the primary author of [the comprehensive pension reform ballot measure] could be the Howard Jarvis of the pension reform movement.”

–Chris Reed, San Diego Union Tribune

On November 8, 2011, San Diego’s Comprehensive Pension Reform ballot measure qualified for the June ballot. Like so many other cities around the country, San Diego is facing a fiscal crisis. Currently, the city’s pension fund budget is facing an unfunded liability of over $2 billion. The Comprehensive Pension Reform ballot measure, if it passes in June, will switch new public employees to 401(k)-style plans, put an end to “pension spiking” and cap pensionable employee compensation for five years.

As mayoral candidate Carl DeMaio puts it, “all eyes are on San Diego” because San Diego could become a national model for pension reform.

The labor unions didn’t sit back and watch the signature gathering process. Instead, they created a fake organization that took out ads warning people that their identities could be stolen if they sign a petition and sent burly men to initimidate people at signature gathering locations.

Approximately 6.5 minutes.

Produced by Paul Feine and Alex Manning.

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