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Union-Tribune Now Telling Employees of "Audience Reach," Not Circulation
Driven by a 40 percent reduction in advertising since 2006, The San Diego Union-Tribune today (1/16) announced a sweeping cost-reduction plan that will temporarily reduce its top executives' pay, eliminate 401(k) matches, suspend merit-based raises and include unspecified staffing cuts.— January 16, 2009 11:22 a.m.
San Diego City Employees pension fund ailing
I'm just wondering if the "Reader" has any stats on the number responses to articles posted. This thread has been going since Johnny V started it last year or about 17 days now. While the "conversation" has morphed off the original topic, the exchange of ideas and information is interesting. But back on topic for a second. I see SDCERS has posted it's agenda at: https://www.sdcers.org/boardagendas/board_of_admi… and an interesting document/opinion from it outside legal counsel, ICE MILLER on the Interest Crediting Rate at: https://www.sdcers.org/boardagendas/tab_1_drop_in…— January 16, 2009 8 a.m.
San Diego City Employees pension fund ailing
Don, If you took the time to read the article rather than just the graph it says: "The average raise for all workers is expected to be 3.7% in 2009, compared with the 3.8% they received in 2008. Executive-level employees are projected to fare better, with their salaries rising on average 3.9%, Mercer reports." The important words there... the 3.8% "they received". Seems to me "they received" means actual pay increases, not just budgeted.— January 15, 2009 11:10 a.m.
San Diego City Employees pension fund ailing
Sanders also said this last night... "If you take nothing else away from this evening, hear this: There is no role here for the forces of obstruction and denial, or for selfish posturing by those who think they do their share by suggesting sacrifices others can make." DON are you and Johnny listening? ...."or for selfish posturing by those who think they do their share by suggesting sacrifices others can make. Apparently the Mayor believes we are ALL in this together... but he went on to say...." Their,(who ever "they" are) practice of postponing our day of reckoning has only succeeded in digging us into deeper holes each year. So he suggesting, as Johnny and others have pointed out for years that bankruptcy will ultimately be the only solution? He follows that with "We must make a clean break from our past, so we can take ownership of our future." Is "Clean Break" spinning talk for bankruptcy? He says, "The majority of San Diegans accept reality, and they’re ready to respond with unselfish teamwork." He added later, "The cooperation we need to solve our financial problems must come from all of us, and perhaps from no single group as much as the public.— January 15, 2009 9:22 a.m.
San Diego City Employees pension fund ailing
What or is there difference between "laid" off and removing budgeted positions? According to Mayor Sanders SOC speech last night the City has eliminated 870 budgeted positions from its payroll. One can certainly argue these were positions that at some point in the past a PERSON held and was paid salary and benefits. Over time the position became vacant for various reasons,(retirement, resignations, terminations etc). Once the position became vacant, money budgeted went where??? That's the creative gov't financing... but now Jerry says, 870 budgeted position have been removed.— January 15, 2009 6:46 a.m.
San Diego City Employees pension fund ailing
No Fred your selection of working IT was correct... but you should have select SDDPC in Rose Canyon like....never mind as your employer...then you would have had the BEST of both worlds...— January 14, 2009 7:44 p.m.
San Diego City Employees pension fund ailing
Not that two wrongs make a right....BUT this editorial really makes me wonder if we haven't really become the ME and ONLY ME generation.... http://www.sacbee.com/opinion/story/1536750.html— January 14, 2009 2:56 p.m.
Is Moores Jumping Out Just in Time Again?
It pains me to read the truth here again... This year I cancelled my two season tickets... I just couldn't justify spending $8,100, for my "Founders" Club seats for 81 home games. As a season ticket holder for several years, I was forced to purchase a personal seat license if I wanted to have what I believe were great seats behind home plate. But now, since I have voluntarily surrendered my season ticket rights I have to forfeit value of the remaining 29 years on my seat license. In other words, money down the proverbial drain. My wife, the optimistic one says, well you didn't spend another $8,100 to watch a triple "A" team play at Petco Park. And, if there is on consolation, there are plenty of season ticket holders who will sell their seats on the “Padres Ticket Marketplace” for less than face value this season. So if I get the yearning to see a live game I can go there and still buy good seats for less than the Padres.— January 14, 2009 1:04 p.m.
San Diego City Employees pension fund ailing
Johnny won't make concessions and he takes no prisoners. His broken record mantra about wages level tied to the amount of education obtained will never end. There is little point to this thread other that entertainment, especially since it been way off the original topic for about 300 responses. Of interest however will be this year's negotiation between the city and its labor groups. While, no one should expect economic enhancements, it should be interesting to learn about the non-economic discussions.— January 14, 2009 11:14 a.m.
San Diego City Employees pension fund ailing
So DON what are your expectations for SDCERS growth over the next 10 years? You pointed out their long term returns earned a little better than 7½%. Should we expect this over the next 10 years? I'm just wondering as the SDCERS Board will take up the Interest Credit Rate discussion again at it Board Meeting on Jan. 23rd. Should the board lower it from its current 7¾% to the closer historical record? Should it remain the same or should it be lowered further? I understand some systems pay zero percent. Should SDCERS follow this model?— January 12, 2009 5:50 p.m.