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( SanDiegoVoter )

Comments made by SanDiegoVoter

Carl DeMaio Says He Wants To Clean Up City Hall

"I know they’re not going to like the labor contract that I impose on them..."

The Mayor does not "impose" labor contracts.
I guess he doesn't understand what labor negotiations are all about.

I don't care for his arrogance and ideas of the Mayor being an autocrat.

April 25, 2012 at 9:45 a.m. ( | suggest removal )

Budget Analyst Report Sparks More Debate On Pension Reform

Yes, but what I am wondering is... aren't the working employees who are paying into the pension system now partially funding the retired people collecting pensions? If the partial payments (employee contributions) are sent into a 401K, the taxpayers would foot the bill for the difference, wouldn't they? Maybe I'm wrong. But I thought that it worked like social security (for those that get it) the workers now are really paying for (partially anyway) the people who are retired. When people stop paying into the system someone has to pay for it, or it will go broke.

I don't really know, just asking, trying to understand how this isn't going to cost much more in the short run. We need to be careful with money.
I am all for a 401K system, just wondering about how it would work.

Also, I wonder if the money saved would really be substantial, since there is a hiring freeze in the city and this would apply to new employees only. Lots of questions to be answered before I vote in November.

March 30, 2012 at 7:26 a.m. ( | suggest removal )

Budget Analyst Report Sparks More Debate On Pension Reform

Studying_Nomad Researching further, I found out that you are incorrect on the SDCERS website it specificall mentions employee contributions. link:https://www.sdcers.org/benefits/active/city/general/Pages/ContributionRates.aspx

"Contribution Rates

General Members are required to make bi-weekly, pre-tax contributions from their paychecks to the SDCERS trust fund."

I want to be smart, not reactionary... Does anyone REALLY know the answer to my question?

March 28, 2012 at 8:34 a.m. ( | suggest removal )

Budget Analyst Report Sparks More Debate On Pension Reform

So, right now the employees do not pay into a pension program?
I thought they did. Like the teachers who pay into their pensions, or State workers (which I was one) paid into their pension fund each paycheck.

March 28, 2012 at 8:03 a.m. ( | suggest removal )

Budget Analyst Report Sparks More Debate On Pension Reform

I am confused. I think saving money is important, but don't really understand how this CPR works. If we switch all the new employees to a 401k system, they won't be paying in to the pension system anymore. But we (the taxpayers) are still paying the pensions for all of the retired people, and everyone who is currently employed with the city of San Diego who will retire in the years to come, right? So we have less people paying in and the same amount of people collecting pensions (and more every year that people retire), am I (or the taxpayers) paying for ALL of the pension now, instead of just part of it?
How is that saving money?
It seems like it would cost money.
This is very complicated, as a voter I want to understand and make an informed decision at the ballot. Please help me understand...

March 27, 2012 at 8:51 a.m. ( | suggest removal )