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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.
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.
According to the pension calculator, if I retire at 67 years old after 42 years of dedicating myself to public service, my pension will be $42,000 per year," wrote Christine Nardi. "I shutter [sic ...
In 2008, San Diego's mayor vetoed a 24% pay raise for the city council that Peters and four other council members had voted for. [26] [27] Peters was a member of the San Diego City Council during the San Diego pension scandal. [28] In 2002, he voted with the majority to underfund the employee pension system.
According to Livingcost’s data, a single person will typically spend around $3,400 a month to live in San Diego versus roughly $2,600 in Austin — an annual difference of roughly $9,600.
The San Diego County Sheriff's Office provides general-service law enforcement to unincorporated areas of the county, serving as the equivalent of the county police for unincorporated areas of the county, and as incorporated cities within the county which have contracted with the agency for law-enforcement services (known as "contract cities ...
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A 2008 Wall Street Journal article praised Aguirre’s efforts to address the City of San Diego's hundreds of millions of dollars of unfunded pension liabilities. [4] In October 2007, The San Diego Union-Tribune reported that during the California wildfires of October 2007, Aguirre had called for an evacuation of the entire City of San Diego. [5]
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