Our report on San Diego Mayor Jerry Sanders' plan to shift future city employees to a defined-contribution retirement system prompted a blizzard of e-mail, including an unexpected response from a Citrus Heights-based group that advocates pension reform.
Marcia Fritz, president of the California Foundation for Fiscal Responsibility, said in an e-mail to The State Worker this morning that her organization doesn't support Sanders' proposal. The foundation is the group behind the "CalPERS $100,000 Club" and the "CalSTRS $100,000 Club" databases.
Fritz's organization supports a hybrid option for public employees that blends a smaller defined-benefit pension with a defined-contribution plan. She attached these talking points that explain the foundation's position: