
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