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Supervisors debate pension amendments; Marr offers 24‑month averaging and '7% for 7.5%' swap, committee schedules further review
Summary
Supervisor Ellsberg proposed charter amendments aimed at reducing employer retirement costs; unions and the actuarial consultant negotiated on details. Supervisor Marr proposed amendments (24‑month averaging and a pay swap to offset a 7.5% employee contribution) but budget staff cautioned the swap could increase employer costs; committee continued work and forwarded an untouched item 4 to the full board while continuing item 5.
Supervisor Ellsberg presented two charter amendments to address rising employer pension contributions and to fund retiree health care, describing scenarios that could raise employer contributions by hundreds of millions over coming years and calling for structural changes to protect city services.
Public testimony spanned unions, labor council representatives, actuaries and…
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