| San Diego County, CA | November 19, 2013 Election |
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San Diego's Unfair Pension Cripples the City's FinancesBy Michael J. "Mike" AguirreCandidate for Mayor; City of San Diego |
This information is provided by the candidate | |
San Diego taxpayers have a right to know about the financial crisis they face. The liability for future pension benefits at the San Diego City Employees' Retirement System (SDCERS) is nearly $8 billion. Several hundred million dollars of the underlying pension benefits were not paid for or earned. This report is written to make certain that San Diegans understand the harsh financial reality they face, with the hope that they will support effective action to reduce their looming debt burden.To read the full report, please visit: http://www.mikeformayor.org/issues or |
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