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Election night: Prop B. leading big

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Proposition B, a measure that would reform San Diego city employees' pension plans, is winning the approval of city voters as it has garnered support from 67.6 percent of voters with 50.2 percent of the precincts reporting.

The plan’s biggest supporter, San Diego City Councilman and mayoral candidate Carl DeMaio, has called the city’s current pension system unsustainable.

Critics of the plan have argued it won’t fix the city’s ballooning pension issues.

The proposition’s engineers — DeMaio, City Councilman Kevin Faulconer and Mayor Jerry Sanders, as well as others — insist it could save the city $950 million over a 30-year time span, possible because of its freeze until summer 2018 on that portion of a city worker’s pay used to calculate pension benefits.

The city’s independent budget analyst has projected that the savings are possible, but also noted the $13 million in additional costs over the 30-year period estimated from the proposed switch for many city employees into 401(k)-style pension plans, resulting from city contribution costs and new death and disability program costs.

That $13 million looms large for opponents of the plan, as the budget analyst’s confirmation of the nearly $1 billion savings hinges on future city councils maintaining the freeze, which can be overridden at their behest.

Evan McLaughlin, political director of the San Diego-Imperial Counties Labor Council, has called Proposition B a breach of collective bargaining, and said it will hurt lower-salary city workers.

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1 UserComments
Victor murgolo 1:08am June 6, 2012

This is a great proposal. It should be for every municipality. It must also include the police and fire dept. I think it is time we stop kidding ourselves that they entered the job for some altruistic reason. In New York we have more retired cops and fire people than we have present cops and fire people working. We are supporting about three generations of these employees.We also have an enormous amount of people in both departments that i think go out on bogus disability . We should have a similar proposal in new York city. I applaud the people of San Diego

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