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Supervisor Ellsberg unveils broad pension and retiree-health charter amendment
Summary
Supervisor Ellsberg introduced a comprehensive charter amendment aimed at reducing the city's pension and retiree-health liabilities through employee contribution changes, a new tier, and retiree-health trust measures; backers estimate $800 million–$1 billion in 10-year savings.
Supervisor Ellsberg introduced a charter amendment on May 24 that would reshape San Francisco’s pension and retiree-health provisions, proposing immediate and near-term savings, a new employee tier, mandatory employee contributions to retiree-health funding, and changes to Health Service Board composition.
Ellsberg told the Board the approach is comprehensive and will require contributions from current employees rather than limiting changes to future…
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