Pension reform and union shenanigans in San Diego


By Paul Feine & Alex Manning | Reason.tv — On November 8, 2011, San Diego’s Comprehensive Pension Reform ballot measure qualified for the June ballot. Like so many other cities around the country, San Diego is facing a fiscal crisis. Currently, the city’s pension fund budget is facing an unfunded liability of over $2 billion. The Comprehensive Pension Reform ballot measure, if it passes in June, will switch new public employees to 401(k)-style plans, put an end to “pension spiking” and cap pensionable employee compensation for five years.  Continue reading . . .

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