San Francisco's Mayor Lee still formulating pension-fix plan | Joshua Sabatini | Local | San Francisco Examiner
“We are almost at the finish line,” said spokesman Nathan Ballard. “Within weeks we’ll have a finished product that will have the support of the mayor and the supervisors.”
Yet labor is concerned about how much employees will be asked to increase their pension contributions. Most workers currently contribute 7.5 or 9 percent to their pensions. But labor leader Bob Muscat, who is participating in the pension talks, said The City is looking at contributions as high as 14 percent, which he said would be “disastrous” for some city workers. Labor has explored increases of up to 3 percent over the current amounts.
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