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Study: county pension benefits soar
https://www.voiceofsandiego.org/topics/government…— August 6, 2018 12:20 a.m.
Study: county pension benefits soar
https://www.sacbee.com/news/business/article21599…— August 6, 2018 12:09 a.m.
Study: county pension benefits soar
Update from California Supreme Court.... City of San Diego messed up royally putting that pension busting measure on the ballot without consulting in advance with the City employees collective bargaining unit(Union) as required by law and their collective bargaining agreements. City of SD may have to make up payments to later hires that it cut out of the old pension system according to the Court. The pension law passed by ballot initiative is in serious danger of being totally invalidated.— August 6, 2018 12:07 a.m.
Study: county pension benefits soar
The Real Abuse of Pensions is in the private sector by large corporations who use the bankruptcy laws to renege on pension deals with their employees...then sucker Uncle Sam and the US taxpayers for bailouts via the US Pension Benefit Guarantee Corporation. It is a huge scam....Executives mismanage a company then renege on pension deals...Unfortunately, it has been happening for decades...But, Mismanaging Executives and their cronies always find big bags of cash available for their own "golden parachutes"... Some Airline pilots worked for 30+ years and were contractually promised a nice pension and were scr**** by corporate hotshots running their airlines through corporate bankruptcy multiple times to renege on their pension contract deals... The issue, in my mind, is not to rip off the public sector workers by bringing them down to the lowest common denominator of flawed private sector pensions. And, I agree that Executives in government pensions rip off the system also (and blame those who make less than 100K per year when the market tanks or when the promised high returns on investments turn out to be inflated phony baloney numbers created out of thin air to keep everyone pacified by inflated investment projections that often times do not pan out).. A major issue is why is the private sector allowed to "cheap out" and rip off their employees, renege on their agreements and/or not offer competitive pensions for private sector workers?!?!— August 5, 2018 11:59 p.m.
Adios to longtime Oceanside
The under-grounding of utilities is a good thing.... Utility poles and lines are very unsightly...— July 31, 2018 1:32 a.m.
Crooked city employees, Susan Davis beats Trump to Helsinki
What's with Susan Davis and all the great, free vacation trips?!?!— July 31, 2018 1:19 a.m.
Study: county pension benefits soar
Don, I read that former Mayor Pete Wilson was actually the God Father of the City's Pension Crisis and had a lot to do with it...Apparently, Wilson and his Administration convinced City Public employees to withdraw from Social Security and rely solely on the promised City pension plan....that turned out to be a very bad bargain for City employees. City employees did not know that Wilson and a succession of Republican Mayors would fail to allocate the promised City's contributions to the City employees pension plan that the City and employees agreed to. The City vastly under-payed their contributions to the City employees pension plan and diverted money to Downtown establishment pet projects like the Republican Convention and subsidizing billionaire professional sports team owners and their families. The City issued itself IOUs and promised to replenish the fund every year but did not do it. The value of the skipped contributions that should have been invested by the City Pension plan and it should have been accruing interest increased every year until it was out of control. Then, the economy tanked and the stock market cratered and then the City could no longer hide the shortfalls to the City pension plan. Then, the Downtown establishment and Republican Mayors and Council, reneged on their deal with City employees, SCAPEGOATED THE CITY EMPLOYEE UNIONS FOR CITY OFFICIALS INCOMPETENCE AND NEGLIGENCE.... It lead the public to believe(falsely) that it was the fault of City Employees and their Union that there was a City "pension crisis"...?!?!?! It was the gross and utter mismanagement of the City's promised contributions to the City employees pension plan by High level City officials including a succession of City Managers, Mayors and City Council persons plan that lead to the City Pension Crisis.— July 31, 2018 1:07 a.m.
Study: county pension benefits soar
Don, SDCERS is the City of SD Pension System. SDCERA is the County of San Diego Pension system...These are two separate and distinct entities..— July 31, 2018 12:39 a.m.
Downtown darling Kris Michell back in city government
Feathering her own nest...Back room Downtown Establishment Deals... Gaming the City Pension System... All San Diego Traditions that should end...— July 31, 2018 12:14 a.m.
Radio’s Ray Lucia wins at Supreme Court
Be very wary of people calling themselves "financial planners" and "financial advisors" sellling you investment and insurance products. Many of them are only licensed to sell insurance. Some are not even marginally competent in that area. The Obama Administration changed the US labor laws to make them "fiduciaries" to allow you to see them for fraud and negligence etc... Trump issued an Executive Order changing the rules back so that scammers hawking\ worthless securities and VUL and annuties, in many cases, ARE NOT FIDICUARIES and OWE THE CUSTOMER NO FIDUCIARY DUTY...AND HAVE LESS LEGAL LIABILITY AFTER THEY RIP YOU OFF?!?!+)*&^%%$#@! Buyer Beware! Fee Based Financial Planners do not hawk specific insurance and investment products...However, you do pay a few for their expertise..— June 28, 2018 2:52 p.m.