San Francisco Public Defender Jeff Adachi has enlisted former San Francisco supervisor and one-time mayoral candidate Matt Gonzalez in his efforts to place a pension-reform initiative on the November ballot.
Adachi, citing an 85 percent increase in the cost of public pension benefits over the past five years, has drafted a charter amendment that would require greater employee contribution to their benefit plans. Adachi has stated the reforms would add $170 million to The City’s budget.
With 10 days to go before the initiative must be submitted for the November ballot, Adachi’s measure has drawn the support of Gonzalez, a one-time Board of Supervisors’ president who was narrowly defeated by Gavin Newsom in the 2003 mayoral election.
“Pension reform isn’t the only solution that cities facing budget difficulties have to seriously employ,” Gonzalez said in a release on Friday. “But it is a key component given the unsustainability of current practices.”