Will the city of San Diego switch from pensions to 401(k)-style plans for all new city employees except police? What’s the difference between a 401(k)-style plan and a defined benefit pension plan?
In the latest edition of San Diego Explained, our Scott Lewis and NBC San Diego’s Catherine Garcia take to Legoland to break down the recently proposed 401(k) ballot measure and what it could mean for city finances and city workers’ retirements.
Here’s the video, produced in partnership with NBC San Diego:
View more videos at: http://www.nbcsandiego.com.