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State Labor Board Rules Against San Diego City’s 2012 Pension Reform
In recent news, the State Public Employment Relations Board ordered the city of San Diego to offer retroactive pensions to about 2,000 city employees who were hired after voters approved a 2012 pension reform measure. For more information in this ruling, visit http://www.sandiegouniontribune.com/news/2015/dec/30/perb-ruling-labor-pension-goldsmith-proposition/.
SDCERA CEO David Wescoe Discusses Recent Media Articles
SDCERA’s new CEO David Wescoe released his first message on 9/23/2015:
“This is my first message to SDCERA’s members and beneficiaries, and I want you all to know how honored and privileged I am to be the Chief Executive Officer of your retirement association.
“In the past few days, there has been quite a bit of press coverage about SDCERA, including stories about Jeff Baker, a former SDCERA Investment Officer who was terminated in 2011, and Brian White, my predecessor, who resigned a few months ago.” Continue reading…
SDCERA hires David Wescoe as Chief Executive Officer
The San Diego County Employees Retirement Association (SDCERA) announced on September 3, 2015, the hiring of David Wescoe as Chief Executive Officer (CEO) of the $10.6 billion public pension fund. Wescoe will begin his full-time duties on September 18. Read the SDCERA press release.
U-T San Diego: Cutting pensions adds to retirement crisis
“From Jeb Bush to President Obama – have been talking about the dangers of the growing gaps between the haves and have-nots in our country. Yet there are some who continue to chip away at what remains of our nation’s shrinking middle class, rather than engaging in a serious, thoughtful discussion about the problems facing the future of our state, our country and our economy.” Continue reading…