Monday, March 31, 2008 | I noted Friday the report submitted to the city by the independent oversight monitor, reveals the wheels of City Hall are stalled once again. More specifically, three items with regards to San Diego City Employees’ Retirement System, or SDCERS, caught my attention.

First, our mayor has been lagging in getting appointment to the boards filled. There are two vacancies, and two holdovers from the last term. You’d think with all the chatter about the board’s action over the last few years, this would be a priority. Apparently not!

Second, “technical corrections” and “waterfall” ordinance revisions are stalled once again! What’s the hold-up? This reminds me of the city attorney’s decision to delay implementing other ordinances which will cost taxpayer dearly.

Finally, experience audit review indicates that previous audits may not be accurately reflecting the value of the fund’s assets. More importantly the impact and effect of the DROP program on the city has not been independently accessed. Mr. Mayor you’ve had a couple years to work on this, how much longer is it going to take?

Leave a comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.