San Francisco’s generous public employee benefits would become notably less so under a draft plan Mayor Ed Lee rolled out Thursday in an attempt to rein in the city’s spiraling retirement costs.
City workers’ pension contributions would rise and fall with the economic climate, the retirement age would be raised for new hires, and workers would pay a portion of their salaries for health care under a tentative plan city officials presented to unions Thursday. Lee hopes to reach a compromise to serve as the basis for a November ballot measure, but at least some union officials were disappointed with the proposal.
“I think they’re overreaching, and I told them that, but we need to spend some time and analyze this,” said Bob Muscat, who chairs an umbrella group of city unions. “They’re asking for higher active employee (pension) contributions than I think anybody is prepared to make.”
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