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Compass
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San Diego to Retroactively Replace Thousands of Employees' DC Plans with Pensions
PLANSPONSOR; free registration may be required Feb. 7, 2022 "The city of San Diego will be offering retroactive defined benefit pension benefits to thousands of city employees who were previously only offered defined contribution plans. The decision comes after the California Supreme Court overturned 2012's Proposition B ... [which] shifted all city employees except police officers away from pensions to DC plans. The law was in effect from July 2012 through July 2021." |
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