Pension reform hot-button issue in SF mayor's race
SAN FRANCISCO (AP) — San Francisco voters are going to the polls to elect a mayor and consider dueling proposals to cut pension costs for city workers.
The city's pension system carries a liability of some $4 billion over the next decade.
Proposition C is backed by incumbent Mayor Ed Lee and the labor unions. It is estimated to save the city as much as $1.3 billion over 10 years.
Proposition D was put on the ballot by the city's public defender, Jeff Adachi. It could save up to $1.7 billion over the same period.
Both proposals call on the city's 26,000 current and 28,000 retired employees to make bigger contributions to their pensions. But labor opposes Adachi's proposal because it calls on police and fire to contribute more than other city workers.