“10 former city employees will split $61 million dollars for the rest of their lives. Did they win the lottery? No…they will receive it in payouts from the City of San Diego pension system.” “I was shocked by what I discovered in the City of Bell and am shocked by what I discovered in the City of San Diego. San …
DeMaio Releases Reform Standards on Unsustainable Retiree Healthcare Costs
Councilmember Carl DeMaio released today the following presentation of data and findings revealed in the city’s study on the cost of retiree healthcare benefits granted to city employees over the years. Councilmember DeMaio is proposing that the benefits be immediately reduced to the level currently funded in the city’s budget – and that further reductions be examined in the context …
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