Sunday San Diego: Pension systems not so rosy in sunny San Diego
In early June 2004, amidst a tough re-election campaign, a burgeoning financial disaster and daily criticisms for his responsibilities as captain of "Enron by the Sea," San Diego Mayor Dick Murphy returned fire on his main challenger, County Supervisor Ron Roberts. Claiming that the county’s pension problems were actually worse than the city’s, Murphy said that Roberts needed to "clean up his own house."
Murphy’s charge, in effect an "I may be bad, but so is he" defense, was viewed by most as an obvious attempt to grasp at straws. The City of San Diego, after all,was the daily headliner, having under-funded a huge retirement obligation, so as to pay ongoing costs and beef up employee salaries. Few watchers viewed the County as the problem, and if it was having some pension difficulties, it certainly hadn’t robbed Peter to pay Paul.
About one week after the Murphy claim, on June 15, 2004, county supervisors unanimously agreed to… Read More