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Search the News Archive
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106 Matching News Items |
| 1. |
The San Diego Union-Tribune
Nov. 28, 2005
Excerpt: After months of accusations, investigations, reports, legal bills and news conferences, the scandal surrounding San Diego's debt-ridden retirement system moves to a courtroom today for the beginning of what may be a revealing hearing.
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| 2. |
The San Diego Union-Tribune
Sept. 7, 2005
Excerpt: City Attorney Michael Aguirre said the council can remove any appointee for cause and that Preovolos had been insubordinate and allowed pension funds to be used to protect illegal employee benefits. Aguirre has argued benefit boosts granted in 1996 and 2002 are improper.
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| 3. |
The San Diego Union-Tribune
Apr. 5, 2009
Excerpt: The city is following through on a year-old plan to take its police union to court over a controversial retirement program. The deferred retirement option program, or DROP, allows employees to collect their pensions while still employed and receiving a full salary. The program is closed to new hires, but San Diego Mayor Jerry Sanders wants to close it to existing employees who have not signed up. The Police Officers Association says it is a vested benefit.
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| 4. |
The San Diego Union-Tribune
Sept. 22, 2005
Excerpt: Independent auditors uncovered a number of accounting problems in the San Diego pension system earlier this year, including fund balances that had not been reconciled, wire transfers with no corroborating material and no formal policy for processing expenditures. In a February memo to the San Diego City Employees Retirement System, the auditing firm outlined 29 recommended fixes for the fund's 2004 financial statements.
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| 5. |
The San Diego Union-Tribune
Feb. 25, 2013
"[A] new report from the San Diego County Taxpayers Association that reveals 14 of 17 cities in San Diego County will see in an increase in their pension payments in the coming fiscal year, and that the total pension debt for those cities is now $800 million.... The taxpayer group broke down the cost of public pensions per household, and at the high end is Del Mar, whose residents are paying nearly $600 per household each year to support the city's retired workers."
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| 6. |
The San Diego Union-Tribune
Feb. 7, 2006
Excerpt: The San Diego City Council yesterday endorsed Mayor Jerry Sanders' plan to pump $100 million into San Diego's troubled retirement system by borrowing that amount against a stream of tobacco settlement money.
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| 7. |
The San Diego Union-Tribune
Mar. 1, 2011
The county's sick leave payout for its managers is uncommon in the region, and a survey of 39 employers by The San Diego Union-Tribune found only one that offers a benefit more generous.
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| 8. |
The San Diego Union-Tribune
Aug. 16, 2005
Excerpt: Treading the same path the city has been on for more than a year, San Diego's pension board will hire a private firm to examine records the City Council has pushed the board to release to investigators.The board of San Diego City Employees Retirement System voted 7-1 yesterday to have an independent consultant conduct an examination that would go 'above and beyond the financial audit' or standard annual analysis of the fund's records, said board president Peter Preovolos.
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| 9. |
The San Diego Union-Tribune
Oct. 4, 2019
"City labor unions in San Diego have filed a lawsuit seeking to invalidate 2012's controversial Proposition B pension cut measure, which made San Diego the only city in California to eliminate pensions for most newly hired workers. The lawsuit is an expected and necessary step to wipe out the measure, which was ruled illegal last year by the state Supreme Court because San Diego skipped key legal steps when placing it on the ballot."
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| 10. |
The San Diego Union-Tribune
June 9, 2019
"San Diego City Council members are expected to decide [on June 10] whether to continue fighting for 2012's controversial Proposition B pension cut measure, or give up and join labor unions seeking to invalidate the voter-approved initiative. State courts have ruled San Diego skipped key legal steps when placing the measure on the ballot, and that the city must financially compensate 4,000 employees who don't have pensions because of Proposition B."
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