San Francisco Public Employee Pensions, Proposition D (June 2010)

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A San Francisco Public Employee Pension Reform ballot measure, Proposition D, is on the June 8, 2010 ballot in San Francisco.[1]

The proposal will:

  • Require new public employees hired by the city to contribute 9% to their pension, rather than the 7% contributed by existing public employees of the city.
  • Require the city to set aside some funds every year to pay for the future known costs of the city's pension plan.
  • Base pension payouts on what an employee earned in the last two years of employment, rather than in the last year.

External links

References

  1. San Francisco Chronicle, "S.F. ballot measure would save pension costs", March 3, 2010

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