Photo illustration of a nest egg. (Photo: Hidesy, via Shutterstock)
If you don’t give city employees a pension, what happens? San Diegans voted five years ago this month to switch all new city hires, except police, from pensions to 401(k)-style individual investment plans, becoming one of the first big cities to take the plunge.
Calpensions: Backers of a Ventura County pension reform initiative, which was removed from the November ballot recently by a judge last week, are not appealing the ruling. But they may meet with other reformers after the elections this fall to discuss a statewide pension reform initiative.