SF has $5.8B in unfunded pension liabilities. http://civilgrandjury.sfgov.org/2016_2017/2016_17_CGJ_Final_Report_The_SF_Retirement_System.pdf … It will run >$700M deficits in 3 yrs to keep up w/ this obligation that it can’t renege on. http://sfcontroller.org/sites/default/files/Documents/Budget/Joint%20Report%20FY%202018-19%20through%20FY%202021-22%20FINAL.pdf … Growth lets the city tread water w this & not have liabilities cannibalize everything else.https://twitter.com/eean/status/992406992248389637 …
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There were abuses like people who worked tons of overtime in last 2 years of employment to game system. Something has to be done.
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