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DeMaio: It's Legal, Trust Me

Scott Lewis, Voice of San

Tuesday, December 21, 2010

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I received a lot of response to this post about the mayor's plan to switch future city employees to a 401(k)-style pension and eliminate the city's defined benefit pension plans.
Most focused on the comparison I made between the mayor's idea and Councilman Carl DeMaio's "Roadmap to Recovery." That roadmap is a long one, but its most interesting turn is a plan to lower the city's pension liability by controlling the one thing the city can control in the pension equation: the salaries workers earn.