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Compromise Reached on San Diego, California, Pension System Overhaul
City Wire via 10News.com
June 29, 2008
Excerpt: Mayor Jerry Sanders and City Council President Scott Peters Wednesday reached a compromise on competing ballot initiatives aimed at overhauling San Diego's pension system. The compromise would create a hybrid pension plan for newly hired, nonpublic safety employees that combines a conventional retirement plan with a 401(k)-type savings plan.
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