Saturday, January 15, 2011

Jerry Sanders on San Diego's pension reform

Sanders talks about reforms including pay freezes for existing employees and 401(k)s for new employees.

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During the Olivenhain candidate forum, Kristin Gaspar at least implied support for a 401(k). As Jonathan Horn describes it, "[s]he said that as someone who oversees her company’s 401(k) plan, she would be able to help create a benefits package that allows Encinitas to retain highly qualified workers, while considering the cost to taxpayers," which sounds like a weaselly way to sound like you support 401(k)s without actually supporting them. Other observers at the forum interpreted her remarks as a clearer endorsement of 401(k)s for city workers.

Was Gaspar just blowing hot air or will she put pension reform on the agenda?

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