I’ll Take Comprehensive Pension Reform in San Diego Even Further
When it comes to public employee pension reform, San Diego’s city management needs to take a lesson from the U.S. Marine Corps and lead by example.
Let me explain. The pension initiative on the June ballot is an absolutely vital reform to put our city on a long-term path to fiscal health. With $2.1 billion in debt promised to current and past city employees, but no funding stream to pay for it, our pension obligations are cutting into funding for basic government services such as road repairs and maintenance of parks. The reforms being put before voters — asking city employees to pay a greater portion of their own pensions, capping the amount of an employee’s salary that counts toward a pension, and transitioning from defined benefit to defined contribution plans — are all the right thing to do. But there is more we can do.
As mayor, I will take pension reform even further.
In the Marine Corps, the commanding officer leads by example, never asking the troops to perform a task he or she is not willing to also perform. In this way, the commanding officer sets the standard and defines the culture for the entire organization. I will bring that… Read More