Faulconer, Sanders propose sweeping pension and payroll changes

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The following is from San Diego City Council President Pro Tem Kevin Faulconer: Faulconer on KUSI discussing 401(k) ballot measure Hello: Mayor Jerry Sanders and I announced the details of our groundbreaking pension reform ballot measure today at a news conference. I sincerely hope you will join us in support of these very important and necessary changes. Below are my …

In San Diego: Employees vote; taxpayers don’t

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Starting today, an important election involving city finances is taking place in San Diego, but taxpayers won’t be casting the votes. Nope, this election rests with city employees, who have a week to vote on whether to eliminate a controversial and costly employee benefit – the Deferred Retirement Option Plan (DROP).  Yes, in San Diego, employees have the final say …