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"San Diego to Retroactively Replace Thousands of Employees’ DC Plans With Pensions"

Updated: Jul 5, 2022

San Diego will offer retroactive defined benefit (DB) pension benefits to city employees who were previously only offered defined contribution (DC) plans. This decision is a result of the California Supreme Court overturning the 2012 Proposition B. A law that moved all city employees to Defined Contribution plans and away from pensions, except police officers. Proposition B was a highly controversial law, the was eventually deemed to be illegally placed on the public ballot.

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