By NBC 7 Staff •
Updated on January 5, 2021 at 10:08 pm
Witthaya Prasongsin/Getty Images
A San Diego Superior Court Judge ruled Tuesday to invalidate a 2012 proposition (Prop B) that replaced most city employees pensions with 401k retirement plans, according to the mayor s office.
City police officers were excluded from the pension reform.
In August of 2018, the state Supreme Court rejected Prop B, ruling former San Diego Mayor Jerry Sanders illegally bypassed city employee unions before placing the proposition before voters.
#BREAKING A San Diego Superior Court Judge has invalidated Proposition B (2012) re: retirement plans for city employees. @MayorToddGloria statement below pic.twitter.com/ub5LENDHcp Nick Serrano (@TheNickSerrano) January 6, 2021
came to capitol hill seeking action on the miners pension protection act, speaking up for fellowed retired miners, some in wheelchairs with oxygen tanks. we re fighting for a pension for black lung. things don t look good at the moment. reporter: for years, senator majority leader mitch mcconnell has blocked the protection of the miners pensions, citing concerns about long-term pension costs across multiple industries. average pension, i think, for miners is like 500 bucks a month, and we need and we don t want to borrow the money. it s already there. the president did not meet with west virginia s coal miners when they were in washington last month, but the following day he flew to their state for a campaign fundraiser with coal executives, all while miners who supported him continue to wait. yeah, i voted for trump. sure did. reporter: and how do you feel about the progress?
economy. it s the highest in income tax, sales tax, and gas tax which is 50-cent per gallon. the state is gearing up for pension crisis. they have a liability for what they have in assets. the retirement system is the nations largest pension trust fund. in 2016 this was only 69% funded. that s a $168 billion liability. making up the difference means more contributions from police, fire, and school district. governor brown passed a moderate version of pension reform in 2012 he could have done more. he told california cities he wouldn t bail them out with regard to pension costs.
economy. it s the highest in income tax, sales tax, and gas tax which is 50-cent per gallon. the state is gearing up for pension crisis. they have a liability for what they have in assets. the retirement system is the nations largest pension trust fund. in 2016 this was only 69% funded. that s a $168 billion liability. making up the difference means more contributions from police, fire, and school district. governor brown passed a moderate version of pension reform in 2012 he could have done more. he told california cities he wouldn t bail them out with regard to pension costs.