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The State Pension Funding Gap: Plans Have Stabilized in Wake of Pandemic

The State Pension Funding Gap: Plans Have Stabilized in Wake of Pandemic
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Saddled with pension costs, Railways operating ratio works out to 114% FY20 and 131% in FY21

Superior Court Judge Invalidates SD City Employee Pension Reform Prop (Prop B-2012)

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

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