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In The Newsroom

Associated Builders and Contractors San Diego
Friday, June 19, 2015
Apprentices and journeymen from the Class of 2015 are employed at businesses throughout San Diego County.
Associated Builders and Contractors San Diego
Monday, June 15, 2015
Three recipients receive on-the-job training, tools and tuition free classroom education.
Associated Builders and Contractors San Diego
Thursday, June 11, 2015
Fifty apprentices and craft trainees will receive their apprenticeship and journeymen certificates after completing a four year training program.




July 20, 2010

CONTACT
: Lani Lutar
                     619-234-6423 or 619-838-9065 cell or lani@sdcta.org
                     Gayle Lynn Falkenthal, APR
                     619-997-2495 or gayle@falconvalleygroup.com

 

SDCTA Announces Support for Governor's Efforts on Pension Reform
Association urges state legislature to support Governor’s proposal to rein in pension costs


 

(San Diego) – The San Diego County Taxpayers Association (SDCTA) announced its support for Governor Arnold Schwarzenegger’s efforts on comprehensive statewide pension reform.

“For many years we have advocated for pension reform on the state level, because we share the concern that pension costs are unsustainable,” said Lani Lutar, President & CEO of SDCTA. “We are pleased to support the Governor’s leadership to rein in spiraling pension costs and thereby improve the financial health of our state.”

Pension costs have a significant impact on the local level in San Diego County. With annual pension expenditures hovering near $140 million (and growing) for San Diego’s 17 cities enrolled in the California Public Employees’ Retirement System, it is apparent that the cost to provide public pensions is placing a significant burden on local government.

SDCTA supports Governor Schwarzenegger’s proposal to:
  • Create a second, lower tier of pension benefits for new hires.
  • Create a permanent additional five percent (5%) increase in state employee contributions.
  • Calculate the state retirement benefit based on the highest average three years of wages during employment, instead of the highest single year.
  • Require CalPERS to submit a report to the legislature describing how contributions would change if a lower investment return was assumed and the impact on future state budgets if CalPERS fails to achieve its assumed investment return.
Lutar notes that pension costs have grown as a percentage of government spending due to significant shifts in the pension system’s structure itself. “These reforms are an important first step, but further legislative action is necessary to achieve the kind of reform that will lead to truly sustainable pension systems.

“Until the state legislature addresses the bigger picture, ongoing pension obligations will continue to undermine the ability of the cities within the CalPERS pension system to deliver basic services to their residents.”

The San Diego County Taxpayers Association will continue to support the Governor’s position on pension reform. It also calls on the State Legislature to develop structural changes that will keep the state’s public pension system solvent without asking taxpayers to contribute more money each year.

The San Diego County Taxpayers Association
is a non-profit, non-partisan organization, dedicated to promoting accountable, cost-effective and efficient government and opposing unnecessary new taxes and fees. Founded in 1945, SDCTA has spent the past 65 years saving the region’s taxpayers millions of dollars, as well as generating information to help educate the public.