From the Reporter
The Story
A ballot measure replacing pensions with 401(k)s for most new city of San Diego employees will be a key issue on next June’s ballot. But more details are emerging that indicate 401(k)s might cost the city more in the short-term.
The Details
The city might have to pay $94 million more over the next six years if it creates a new 401(k) plan, according to recently released retirement system data. Other items in the ballot measure could reduce those costs.
What’s Next
Despite promises, the ballot measure’s backers haven’t released a detailed financial analysis of the plan and have no timeline for doing so.

Dagny Salas was web editor at Voice of San Diego from 2010 to 2013. She was an investigative fellow at VOSD from 2009 to 2010.

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