Mayor urged to reconsider pension benefit rollbacks
Thursday, April 27, 2006
San Diego city council President Scott Peters says the money the city would save from benefit rollbacks, is much less originally estimated. Aguirre says 700 million dollars are at stake. Peters says he believes only about 48 million dollars would be affected, out of a deficit of 1.7 billion.
Peters: "And the question we need to consider when we plan our budget and our expenses and our strategy is it worth all the pain we are putting ourselves through and the legal expense when that's all we can recover?"
City Attorney Mike Aguirre disputes Peters' estimate and says this is simply an attempt to put the brakes on law suits that potentially involve elected officials, including Peters himself.
Peters' question to the mayor comes at a time when the city attorney and the mayor are at odds over the question of using pension obligation bonds. Alison St John, KPBS News.
To view PDF documents, Download Acrobat Reader.
Please stay on topic and be as concise as possible. Leaving a comment means you agree to our Community Discussion Rules. We like civilized discourse. We don't like spam, lying, profanity, harassment or personal attacks.