The California Supreme Court Monday dismissed charges against five of the six former San Diego pension board officials accused of violating the state’s conflict of interest laws. 
Deputy City Manager Bruce Herring tendered his resignation Thursday, citing a City Council decision not to provide a legal defense in a recent lawsuit.
A recently appointed trustee to the San Diego City Employees Retirement System resigned Tuesday, adding even more uncertainty to the city's efforts to regain its financial footing on Wall Street.
The San Diego City Attorney's office filed a second lawsuit in as many days, in hopes of preserving the ability to seek a court-appointed receiver to the retirement board and offer a handful of solutions to the city's pension crisis.
The San Diego City Attorney filed a lawsuit against former and current members of the board of administrators, general counsel, and the head of the city's retirement system in hopes of rolling back a series of benefits resulting in a deficit estimated at more than $1.37 billion.
Waking up the other day I suddenly had a feeling that I had a $1,000 overdue bill. Most of the time these thoughts are mere dreams and false alarms, but this time the dream was real and it was a nightmare.
In the heat of the mayoral campaign, bankruptcy for the city is gaining more attention. The candidate debates offer a chance for prime advocate, Pat Shea, to endorse its merits as the keystone of his bid for mayor.
Federal investigations into potential fraudulent disclosure practices at the city of San Diego have expanded from the pension plan to other areas under the control of the municipality, according to a subpoena recently sent to the city by the Securities and Exchange Commission.
Two commonly touted solutions to reduce the city's pension deficit used by mayoral candidates are to challenge the legality of some retirement benefits or reopen negotiations with city labor unions.
The City Council on Monday approved a series of labor contracts with municipal labors unions, thereby reasserting a commitment to solving the pension crisis and keeping retirement benefits granted over the last 10 years.
Mayoral candidate Jerry Sanders on Thursday laid out a plan to address a seldom-discussed looming debt facing the city: retiree health care.
A week marked by heightened differences between city officials and the San Diego City Employees' Retirement Board over the proper way to handle the pension crisis may have pushed the issue to a head.
As San Diego struggles with its under-funded pension system, The Daily Transcript will continue to provide comprehensive and timely coverage of the issue. Find the latest articles on San Diego's continuing pension saga.
|
|
|
Press ESC | Close [X]
