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.
Six current and former trustees of the board that oversees San Diego's beleaguered pension fund pleaded not guilty Monday to felony conflict of interest charges.
If you have been paying attention to the news, you know the city of San Diego is facing some interesting problems to say the least. However, when it comes to the city's $1.4 billion municipal pension plan deficit, San Diego is not alone.
City Attorney Michael Aguirre wants a mediator to formulate a plan that will clearly authorize the city attorney's office to act as legal counsel to the San Diego City Employees' Retirement System (SDCERS).
The actuary of San Diego's retirement system fired back Thursday to charges of questionable judgment and the suggestion the firm should be replaced.
Over the past several years, San Diegans have watched the financial condition of the city's employee pension fund deteriorate. The city's credit rating has been downgraded by Wall Street rating agencies, local and federal investigations have been launched, and the national media has made San Diego the poster child for widespread problems with public employee pension funds.
Mayoral candidates running in the July 26 primary election sought to brand their campaigns Wednesday by providing plans to dig out of the city's estimated $1.37 billion pension deficit.
Mayor Dick Murphy found a committed pocket of support at San Diego City Council's Tuesday emergency meeting where a new salary ordinance squeaked by.
Credit agency Fitch Ratings lowered the outlook on the city of San Diego's debt on Friday. The move prompted City Attorney Mike Aguirre to call for roll-back of "illegal" pension benefits.
A legal opinion released to the public Wednesday states that two agreements between the City Council and the city's retirement system board of administrators "arguably" violated state conflict of interest codes and two sets of city laws.
Police Officer Sandi Lehan bought her first home in December but worries that she'll soon be unable to afford it. She says a new union contract proposed amid a growing city pension fund scandal could cut her pay as much as $500 a month.
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]
