Posted by Barry Jantz at 12:00 am on Oct 07, 2009 Comments Off on Taxpayers Association Releases Major “First Ever” Report on Pension Impacts in San Diego County
The debate increases daily over whether government agencies at
all levels can continue to provide generous defined benefit pension
plans to their employees. More and more local elected
officials are beginning to face the reality that these plans are
simply financially unsustainable, while in many cases — sadly —
also trying to figure out how to vote for fiscal integrity without
upsetting labor groups.
There’s nothing that drives the debate moreso than facts.
The San Diego County Taxpayers Association has issued what clearly
stands as a significant 52-page report on the impacts of pension
systems in the region, a first ever analysis of 17 city governments
in San Diego County that participate in the California Public
Employee Retirement System.
The report draws a conclusion. Increased taxes are the
direct result of high pension costs in some cities.
The media embargo was lifted on the report at 10 p.m.
tonight. It’s 10 p.m. at the FlashReport. So,
here is the press release, with the report attached below.
City Pension Costs Linked
to Higher… Read More