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The San Diego City Employees' Retirement System had been underfunded in some form for more than a decade. [2] In 2001, as a result of years of sharp increases in pension benefits combined with decreases in pension funding [3] and a decrease in the value of investments, [4] the fund fell below certain funding targets.
The San Diego City Employees' Retirement System had been underfunded in some form for more than a decade. [3] In 2001, as a result of years of sharp increases in pension benefits combined with decreases in pension funding [4] and a decrease in the value of investments, [5] the fund fell below certain funding targets.
She had previously fought to end guaranteed pensions in San Diego. [35] In 2015, while district attorney of San Diego, Dumanis began receiving a pension of $29,318/year (she was a judge in 1995–2003) in addition to her salary, and she received both pension and salary from January 2015 to July 2017. [36]
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The California Public Employees' Retirement System, or CalPERS, the nation's largest state pension fund, experienced a 6.1% investment loss in the fiscal year that ended June 30. It was the first ...
It turns out San Diego is a high-price place to live, on par with other major cities such as Boston, Washington D.C. and even the notoriously expensive San Francisco, according to figures compiled ...
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