April 5, 2011
CONTACT: T.J. Zane, 619-840-8718
Coalition Files Sweeping Pension Reform Measure
$363 Million Saved in Next Five Years – Over $2 Billion Within 30 Years
WHEN: Tuesday, April 5, 2011 at 12:30pm
WHERE: Outside City Hall, 202 C Street, San Diego 92101
WHO: Mayor Jerry Sanders
Council President Pro-Tem Kevin Faulconer
Councilmember Carl DeMaio
City Attorney Jan Goldsmith
Lani Lutar, President and CEO, San Diego County Taxpayers Association
TJ Zane, President and CEO, Lincoln Club of San Diego County
WHAT:
A coalition of civic leaders and taxpayer and business groups have come to agreement on the details of a sweeping pension reform ballot measure for the June 2012 election. Known as the “Comprehensive Pension Reform (CPR) Initiative,” the measure promises to “restore San Diego’s financial health while saving our neighborhood services.”
The Lincoln Club of San Diego County will lead the campaign, and Mayor Jerry Sanders, City Councilmember Kevin Faulconer and City Councilmember Carl DeMaio have agreed to work collaboratively to qualify and pass the measure.
WHY:
Ending our city’s financial crisis and saving our city services from further cuts requires comprehensive reform of all city pensions – for both existing employees and new hires. Achieving comprehensive pension reform requires a united front by city leaders.
The coalition offers this joint statement: “We stand united behind a comprehensive pension reform measure to solve our city’s financial problems. We commit to working together to advance this ballot measure which will set the standard across the country for solving pension problems facing local and state governments.”
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