Mayor and Coalition Introduce Pension Reform Ballot Measure

Mayor and Coalition Introduce Pension Reform Ballot Measure Mayor Edwin M. Lee and Supervisor Sean Elsbernd today introduced a proposed Charter amendment for pension and health benefits reform for the November 2011 ballot. After months of working with labor leaders, business leaders, community-based organizations and the City family, the consensus reform measure would restructure San Francisco’s pension and health benefits. The proposed Charter amendment is co-sponsored by Board of Supervisors President David Chiu and Supervisors Carmen Chu, Malia Cohen, Mark Farrell and Scott Wiener.

“Our consensus pension reform measure is comprehensive, balanced, and responsible. It will realize the savings we need so that we can protect vital City services now and in the future,” said Mayor Lee. “It is an important part of our overall strategy to bring structural reforms to San Francisco’s long term financial planning and budgeting and ensures that we have a system that San Francisco can afford, while providing pension and health care to its employees.” Read more.

Posted on May 24, 2011 | The comments to this entry are closed.