Pension debt at the city was piling up. So in 2012, voters overwhelmingly approved a reform initiative getting rid of guaranteed pensions for most new city employees in exchange for 401(k)-style retirement benefits. The switch has made a dent in the city’s future retiree liabilities. Former San Diego County District Attorney Bonnie Dumanis was among […]
The Morning Report
Get the news and information you need to take on the day.
