Various Authors 4:58 p.m., May 28
Mayor Filner calls on City Attorney Goldsmith to drop the lawsuit against City retirement system
Mayor and SDCERS president Herb Morgan will appear tomorrow to issue a public request to Goldsmith
Just when all the tensions between Mayor Bob Filner and City Attorney Jan Goldsmith over the Tourist Marketing District started to ease, it appears as if the two might have another clash is brewing.
This fight is over the City's long, drawn out lawsuit against the San Diego City Employees' Retirement System (SDCERS).
Tomorrow, Mayor Filner will hold a press conference to request that Goldsmith kill the lawsuit that hopes to have city employees contribute a near-equal share of their pension.
"Since the case was filed in 2010, the Retirement System’s defense costs total more than $3.2 million and continue to grow," reads a statement from the Mayor's Office.
"The City is obligated to pay for the Retirement System’s legal expenses, so the City is essentially borrowing money to sue itself – at an interest rate of 7.5% -- and saddling taxpayers with the bill.
Mayor Filner and SDCER president Herb Morgan will issue their plea tomorrow at 12:30pm on the 13th Floor of City Hall.
More like this:
- Mayor Faulconer said it was okay — July 7, 2014
- Filner, Goldsmith slated to meet tomorrow — Aug. 18, 2013
- Did City Attorney Jan Goldsmith lift the suspension on closed session meetings? — July 7, 2013
- SDCERS Says City Breaking Law — Aug. 8, 2010
- SDCERS Does Mea Culpa Over 14 IRS Violations, but DROP and Purchase of Service Credits Still Not Before the Agency — Dec. 21, 2007