SAN FRANCISCO (KCBS) – San Francisco Mayor Ed Lee plans to meet with Public Defender Jeff Adachi on Wednesday to talk about ways to reform the city’s pension system.
This week also marks the beginning of the city’s new sessions with public employee labor unions.
Proposition B was a wakeup call about San Francisco’s pension crisis. The proposition, sponsored by Adachi, would have called for city employees to pay more into their retirement plans and to pick up more of their dependents’ health care costs.
KCBS’ Barbara Taylor Reports:
In addition to labor unions filing a lawsuit to strip the measure off of November’s ballot, the proposition was defeated and got Adachi blacklisted by proponents of labor movements.
Financier Warren Hellman has formed a coalition including city officials and labor leaders which is looking at possible solutions.
“I prefer to get through things by compromise and negotiating rather than sledgehammer,” said Hellman.
Adachi has been invited by Mayor Lee, the controller, and other city officials this Wednesday to go over options.
“I’m going into it with my eyes wide open and hope that there’s a solution that comes out of this and if there’s not then we go back to the voters,” said Adachi.
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