Retiree pension and health benefits will amount to $1 billion in the next five years for San Francisco, which is roughly one-third of the City’s General Fund…
“The City’s contribution rate was 0% until 2004, will be 13.56% next year and is estimated to be 30% in five years… Since 2002 the City has paid the 7.5% contribution for members of the SEIU Local 1021…
“Decisions were made based on claims by City officials, SFERS, and labor groups that it would cost nothing; these errors may now be constitutionally irreversible…
“The Jury compiled a list of 900 retirees receiving pensions exceeding $100,000…
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