Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Chamber of Commerce Backs Pension Reform

The San Diego Regional Chamber of Commerce, speaking on behalf of its members and also “representing over 400,000 chamber members' employees,” has thrown its support behind the Comprehensive Pension Reform Initiative, according to a news release issued yesterday.

“If the initiative qualifies for the ballot and is approved by the voters next year, it will provide significant reform for the City of San Diego, and save taxpayer dollars for important city services. To sustain economic growth, the city must establish policies that recognize the importance of responsible spending,” said Ruben Barrales, the Chamber’s President and CEO.

“This is strong evidence of the support for pension reform from the business community,” added Chamber Chairman Vincent Mudd.

The measure has yet to gather enough signatures to make next year’s ballot, despite deployment of paid petitioners and a “drive-through signature gathering effort” last month supported by Carl DeMaio and Kevin Faulconer.

The initiative's authors say that reforms have the potential to save the city between $1.2 billion and $2.1 billion through the year 2040.

If placed on the ballot and passed, it would deny access to pensions for any new city employee hires except police officers, with others having access instead to 401(k) plans. Base pay used to calculate pension benefits would be frozen for five years, bonuses and other compensation aside from base pay would no longer be considered in determining an employee’s overall compensation for pension purposes, and payments to retirees would be posted on a public website (with names, but not positions, redacted). Unions would also lose the right to reject any future provisions imposed by the city council.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Undocumented workers break for Trump in 2024

Illegals Vote for Felon
Next Article

Trophy truck crushes four at Baja 1000

"Two other racers on quads died too,"

The San Diego Regional Chamber of Commerce, speaking on behalf of its members and also “representing over 400,000 chamber members' employees,” has thrown its support behind the Comprehensive Pension Reform Initiative, according to a news release issued yesterday.

“If the initiative qualifies for the ballot and is approved by the voters next year, it will provide significant reform for the City of San Diego, and save taxpayer dollars for important city services. To sustain economic growth, the city must establish policies that recognize the importance of responsible spending,” said Ruben Barrales, the Chamber’s President and CEO.

“This is strong evidence of the support for pension reform from the business community,” added Chamber Chairman Vincent Mudd.

The measure has yet to gather enough signatures to make next year’s ballot, despite deployment of paid petitioners and a “drive-through signature gathering effort” last month supported by Carl DeMaio and Kevin Faulconer.

The initiative's authors say that reforms have the potential to save the city between $1.2 billion and $2.1 billion through the year 2040.

If placed on the ballot and passed, it would deny access to pensions for any new city employee hires except police officers, with others having access instead to 401(k) plans. Base pay used to calculate pension benefits would be frozen for five years, bonuses and other compensation aside from base pay would no longer be considered in determining an employee’s overall compensation for pension purposes, and payments to retirees would be posted on a public website (with names, but not positions, redacted). Unions would also lose the right to reject any future provisions imposed by the city council.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Pushback Over Prop B Implementation

Next Article

Hedgecock Stumps for DeMaio, Peters Touts Endorsements

Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader