Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board submits charter amendment on retiree health and miscellaneous retirement benefits to voters
Summary
The Board of Supervisors voted to place a charter amendment on the June ballot seeking to change retiree health funding and improve miscellaneous retirement benefits; supporters said it reduces a long-term liability while opponents pressed for clearer near-term budget numbers.
Supporters of a charter amendment to change the city's approach to retiree health and to improve miscellaneous retirement benefits told the Board of Supervisors on Tuesday that the measure would address a projected multibillion-dollar liability and smooth long-term costs.
Supervisor Sean Ellsburn, the legislation's lead sponsor, told colleagues the measure is intended to tackle what he described as a roughly $4 billion unfunded liability over 30 years and to create a more sustainable approach to retiree health funding and miscellaneous retirement benefits.
—When I first started it, I started looking at one problem — the $4,000,000,000 unfunded liability over the next 30 years,— Ellsburn…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
