From SFGATE: Mayor Gavin Newsom and Supervisor Sean Elsbernd deserve praise for taking on the politically delicate - but fiscally responsible - issue of pension reform. There were years when San Francisco's leaders had the luxury of avoiding the topic. In 1999-2000, investment income was rolling in at such a pace that the city had to contribute just $300,000 to keep the system fiscally sound. Those days are long gone. This fiscal year's bill exceeded $200 million - and growing.
Sunday, December 20, 2009
Pension Measure Being Discussed is Fully-Loaded! Through the SF Labor Council Coalition we will discuss at length the coming months!
From SFGATE: Mayor Gavin Newsom and Supervisor Sean Elsbernd deserve praise for taking on the politically delicate - but fiscally responsible - issue of pension reform. There were years when San Francisco's leaders had the luxury of avoiding the topic. In 1999-2000, investment income was rolling in at such a pace that the city had to contribute just $300,000 to keep the system fiscally sound. Those days are long gone. This fiscal year's bill exceeded $200 million - and growing.
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