When City Council members brainstormed this summer on the structure of the panel that's supposed to reform the city's troubled pension plan, Councilman Brian Maienschein spoke of a commission that wouldn't be made up of the usual suspects that typically populate city advisory groups.
The San Diego City Council is slated to make decisions Tuesday on the formation of a pension reform commission, an appointee to the Ethics Commission and overtime payments for police officers who worked Super Bowl events.
A City Council committee approved specific guidelines for a pension reform commission Wednesday. The full council is expected to address the issue when it returns from summer recess in September.
Concerned about the port's interests in the city of San Diego's pension plan, port commissioners have scheduled a special workshop for Tuesday to evaluate their decades-old participation in the $2.8 billion plan.
A City Council committee began fleshing out details Wednesday of a proposed pension reform commission that would examine the troubled city retirement system's swelling deficit and its very foundation.
The public relations firm hired to handle the San Diego City Employee's Retirement System's bad publicity sent out its first press release Tuesday. Its headline reads: City pension fund reports highest asset value in history.
Retirement benefit increases offered to city employees in the midst of pension funding troubles last year bolstered the pensions of six retirement fund trustees who voted to make the benefits a reality, according to the testimony of the retirement system's administrator.
The city's retirement system has hired the public relations firm Nuffer, Smith, Tucker Inc. to handle its media affairs.
The city of San Diego will short its employees' retirement fund by an estimated $446 million during the next seven years and leave the system underfunded by more than $2 billion by 2009 if it continues on its current payment schedule, according to a document obtained by the San Diego Daily Transcript.
"The Pension Program is substantially under-funded." -- Diann Shipione Shea, Trustee of the City Pension Fund.
City of San Diego officials have postponed a presentation scheduled for Wednesday that would've detailed a proposed solution to the dwindling city employees' retirement system.
A seemingly mundane rule change slated to go before the San Diego City Employees' Retirement System board Friday has at least one trustee concerned that retirees could be losing voting rights in the system.
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.