Statement: “The supporters are admitting that the short-term costs outweigh the savings even if the measure is found to be legal,” Evan McLaughlin, political director for the San Diego-Imperial Counties Labor Council, wrote in a June 30 press release.
Analysis: Next June, San Diego voters will likely be asked to approve an initiative that would replace guaranteed pensions with 401(k)s for most new city of San Diego employees, among other reforms.
Fact Check: 401(k)s' Short-Term Costs
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