Statement: “They still have to agree that it saves roughly $1 billion if fully and faithfully implemented,” Carl DeMaio, a candidate for mayor, said on KPBS radio March 21.
Analysis: This week, the city of San Diego released its official financial analysis on Proposition B, the hotly contested pension reform initiative on the June ballot. The measure’s main feature is to give most new city employees 401(k)s instead of guaranteed pensions
How the Pension Initiative Saves $1 Billion and $0: Fact Check
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