SDCTA supports House Resolution 205 - Amendment to IRS Ruling 2006-43

Cities in California have attempted to address their respective pension problems by introducing innovative solutions that benefit both taxpayers and employees. By allowing current employees to enroll in lower cost pension plans, cities would experience a reduction in pension costs while employees would see an increase in take-home pay. The proposed bill would allow cities that have already adopted this reform to move forward with implementation and clear any barriers for other cities to begin the process of adopting similar provisions to that of Orange County, San Jose and San Diego.

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Rosey Williams