Steven S. Kane's Page

Russell: You probably noted that the San Diego City Council has sued the Pension Board to require increased contributions from employees to help to defer investment losses. Apparently, the City's suit is based on a Charter provision which requires that contributions of the City and the employees be "substantially the same." I do not know if La Mesa has any similar provision, but the event is notable because it represents action by the San Diego City Council to bring pensions under control. It is somewhat unexpected considering the influence that the unions have had on the Council up to now. Perhaps this will assist some members of the La Mesa City Council to realize that the public is now aware of the issue of excessive pensions and benefits for public employees, and that voters desire local government elected officials to enact fair but reasonable benefits for employees which do not overburden taxpayers and cause under-funding of vital services.