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Time for pension reform in San Diego
JF, you make a salient point. It was a negotiated trade off. But they didn't want to "save" money. They wanted to spend it. What did they spend it on? The GOP convention. No accounting. No one from the vast city workforce peeped about that. They spent it demolishing the Murph into the Q, building a scorned Taj Mahal training facility, and the notorious ticket guarantee that Rider opposed early and often. The corrupt officials spent it on the white elephant Petco Park, and in condemning and reselling at firesale prices most the surrounding land to John Moores, who employs the same former city senior management that negotiated DROP to free up the money. You notice how much Casey Gwinn got for his retirement? The union big wigs kept quiet all the while and made sure their members kept mum too. The UT with the notable exception of Don Bauder, was awol or actively covering up these looming fiscal problems with happy "keep the faith" nonsense. The politicians were bought and the band wagon populace was thrilled by a one-time-only steriod and meth fueled run for the pennant days before the vote. The public unions were indeed complicit in all this. For this reason, pure shame at their cowardice in not blowing the whistle, they should do the honorable thing and renegotiate their pension contracts for the good of the city. They should also start telling what they know, and naming names, so we might recover some of our money. Coming clean about the corruption is the best way to safeguard your pensions in the long run. Best, (yet another sdblogger)— February 9, 2008 11:42 a.m.
Liarless in Seattle
Yeah, too bad, you are probably right...but must we relax and try to enjoy our civic rape? Shall we pay for the politician's love-babies for the next twenty years as well? Please, anybody, explain plainly why the statute of limitations applies to these ongoing frauds. I've only ever seen this declared, but never once backed up with a legal decision, or a technical reason, or even a clear definition of when exactly the these pro-sports frauds stopped occurring. These are blatant cases of fraud against the public. They are ongoing. Is it really true that these filthy Moguls, in addition to developing Stockton into one of the worst ranked places in the country, pirouetting away from the Peregrine stock fraud with $650 million in the bank, and corrupting our city for the next two generations, can just get away with it? I'm from Generation X, so I don't have respect for the way we're being told, "mistakes were made". Oh yeah? Who? When? How? Let's try to get our money back! Otherwise, we're gonna be paying this off for the rest of my life. Best, (yet another sdblogger)— February 9, 2008 11:24 a.m.
Unnecessary roughness
Matt, we all admire your reporting. Few are fans of Goldsmith. But this is just the kind of crap that turns otherwise great candidates away from ever trying to change the system. Mike A. has a separation behind him too, and so do many other people in this world. Divorce lawyers advise their clients to exaggerate all their claims as a routine negotiating tactic in proceedings. We all know this. So this isn't fair against any candidate. What would be a more compelling story, perhaps, is the timing of Goldsmith's wife's appointment to the bench. Seems like a dog housed spouse wouldn't be above nudging his legislative colleagues to give her a bit of consideration...just wondering if that didn't help patch things up between them. I'm not saying it happened, but put two and two together and sometimes it does add up to four. Keep up your good work, but don't be so superficial, Matt. Thanks again for your work over the years, (yet another sdblogger)— February 9, 2008 11:07 a.m.
U-T To Get Plans for New Structure Feb. 13; Newsroom To Get New Plans Next Day
Maybe it's just too easy and obvious for you, Mr. Bauder...but, couldn't you have called this post: Valentines Day Massacre at the UT? Best, (yet another san diego blogger)— February 9, 2008 10:56 a.m.
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I propose an all hottie week. Or month.— February 9, 2008 9:05 a.m.
Time for pension reform in San Diego
Although not identical, the private sector has similar programs. As you know city workers do not particiapate in social security. In 1981 then Mayor Pete Wilson and the City removed city employees from it replacing it with a program where the CITY would have to PAY LESS. So someome works for a private company for 30 years and gets a pension and Social Security. A city worker gets a pension and Supplemental Pension or SP account. They don't get Social Security. So if you combine the private employee and social security and city employee and SP they are close to the same. Then if the private employee goes back to work for 5 more years for because his private employer wanted him back for his knowledge and expertise then they have their private DROP. If the private employee invested wisely they can get similar growth. There are differences.... the COLA.. but its not a guarantee and capped @ 2%. The SDCERS board must authorize it annually from zero up to 2%. The city council decided to follow the feds example of COLA for Social...hmmm that sounds similar too. More later....— February 9, 2008 9 a.m.
None
You seem...superficial.... Oh well, there's always death!!— February 8, 2008 10:56 p.m.
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You're Frank? Well, how was she? Details, [please].— February 8, 2008 10:52 p.m.
The End of the Month Was Upon Us by Jospeh Núñez
Yup, now both be dead— February 8, 2008 10:44 p.m.
Time for pension reform in San Diego
225% what a load of manure. Pensions are capped at 90% with a few adjusted for court rulings. Adding the DROP annunity to the SDCERS Pension is a gross and misleading statement. Richard, if you contine to tell woppers like the statement above you soon be in need of Michael Jackson's plastic surgeon.— February 8, 2008 6:58 p.m.