December 5, 2011
San Diego City Council To Take Up Pension Reform Issue
An initiative to reform the city's debt-ridden pension system, which has qualified for public vote, will be taken up by the City Council Monday.
The council is legally obligated to place the measure on an upcoming election ballot since it received enough petition signatures from residents. Supporters want it scheduled for the June 2012 primary and said on Friday they were worried opponents would try to delay it until November.
The measure calls for new city hires -- other than police officers -- to be given 401(k) plans instead of being enrolled in the employee pension system...
LINK - 10News.com
