The Morning Report
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San Diego’s big pension reform initiative got its name this week. It will be called Proposition B on the June ballot. The measure, which was born at almost a year ago, gives all new city employees except police officers 401(k)s instead of pensions.
Our latest San Diego Explained tackles another part of the measure, one much more important for the city’s bottom line. It would try to attain a freeze on workers’ pensionable pay, an effort to provide immediate relief to a budget busted by annual bills to the retirement system.
NBC 7 San Diego’s Catherine Garcia and I use frozen dollar coins to explain how the freeze works and how it might melt.
One important note about the video: The savings estimates we use will change soon. The city’s official financial analysis on the initiative comes out Monday.
View more videos at: http://nbcsandiego.com.
Update: The City Clerk’s Office told me it would make the financial analysis publicly available at close of business Monday. The story originally said the analysis would be available Tuesday.
Liam Dillon is a news reporter for voiceofsandiego.org. He covers San Diego City Hall, the 2012 mayor’s race and big building projects. What should he write about next?
Please contact him directly at firstname.lastname@example.org or 619.550.5663.
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