continued San Diego is an example. "The troubles we are having now would not have happened if there had been full disclosure in 1996" when the city raided the pension system to support the Republican convention.
Mary Jo Wiggins, professor of law at the University of San Diego, also favors the DeMaio approach. "The government as an employer has grown in scope and dimension at the state, federal, and local level," she says. "It would be good to have some kind of uniformity. Sarbanes-Oxley would serve as a very useful template for how we might set up monitoring and regulatory procedures for government pensions." That's particularly true of accounting standards, she says.