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Supervisor Ellsbourne seeks charter changes to curb employer retirement costs; committee continues for actuarial review
Summary
Supervisor Ellsbourne presented a charter amendment seeking to reduce employer retirement contribution costs for the city, citing projections that employer contributions could rise to 27% and hundreds of millions in additional annual costs; the committee continued the item to allow actuarial analysis and further meet-and-confer with unions.
Supervisor Ellsbourne introduced a charter amendment aimed at reducing employer retirement benefit costs, emphasizing the city’s projected long‑term pension liabilities and the need to restrain future employer contributions.
Ellsbourne outlined the fiscal case, saying that "next year's employer…
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