Back in 2010, Jeff Adachi’s measure to reform city workers’ pensions and benefits went down in flames, mostly due to the tireless campaigning of union members against the measure.At the time, the non-partisan think-tank SPUR recommended a yes vote on that measure, saying it would create “reasonable and modest changes” to city workers’ compensation while ensuring the continuation of good government.
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Voters can reduce The City’s labor costs by about $1 billion over the next decade after Mayor Ed Lee’s compromise proposal to reduce pension costs was placed on the November ballot Tuesday.
Click on the photo at right to see more on this story.
With pension costs projected to total about $5 billion during the next decade, labor leaders and the Board of Supervisors joined together to support Lee’s measure to draw down those expenses.
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At almost four hours long, Thursday’s Board of Supervisors Rules Committee meeting was more than any sane person could sit through. And so, I give you my summary of what happened when supervisors Sean Elsbernd, Mark Farrell and Jane Kim heard testimony about certain measures headed for the November ballot because activists wrote a law and four supervisors signed it.
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An undercover video depicting signature gatherers who wrongly stated facts surrounding ballot measures is the latest fodder a battle over pension reform in San Francisco.
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Dueling pension measures are in store for voters this November after Public Defender Jeff Adachi dropped off more than 70,000 signatures Monday to place his reform effort on the ballot.
Adachi’s submission comes as Mayor Ed Lee’s pension measure — which was drafted with The City’s labor leaders — will undergo a hearing today by the Board of Supervisors.
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Public Defender Jeff Adachi turned out on the steps of City Hall on Wednesday to announce his “compromise” over dueling pension measures.
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Mayor Ed Lee’s “consensus” pension measure was sent out of the Board of Supervisors Committee on Tuesday morning, despite concerns from a number of retired city workers whose main objection was over the change in the governing rules of The City’s Health Service System.
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While Mayor Ed Lee, members of the Board of Supervisors and labor leaders have sung great praises of their so-called consensus measure to bring down pension costs, the public will have its first chance to talk about the proposal during Thursday morning’s Board of Supervisors Rules Committee hearing.
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In the battle over pension reform in San Francisco, two high-profile millionaires are throwing their names — and their money — at a controversial measure proposed by Public Defender Jeff Adachi that is opposed by labor unions.
Businessman George Hume and venture capitalist Michael Moritz have already donated $450,000 to Adachi’s campaign to reform city workers’ retirement benefits, according to paperwork filed last week. The campaign has raised a total of $508,720 through May 31.
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San Francisco taxpayers contributed $104.5 million into city workers’ Social Security accounts this fiscal year, and that cost is expected to grow in the next year. Yet those costs are not factored into two dueling ballot measures meant to address growing retirement costs.
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