Even if City Hall has come up with a more than $7 million windfall, San Francisco Public Defender Jeff Adachi isn’t giving up on his ballot measure for pension reform.
Adachi has drafted a pension reform measure that, he says, could add $170 million to city coffers ASAP. With that in mind, the SF SMART Reform team will mobilize voters this weekend for signature gathering at 10 a.m. at 910 Harrison St.
If the ballot measure makes it to the ballot and is approved by voters, it would require employees of The City and County of San Francisco to contribute to their pensions and contribute more for dependent health care. Roughly half of city employees are not required to contribute toward their own pensions, while the other 50 percent kick in 7.5 percent of their salaries. That means 1 in every 5 tax dollars is spent on pension and health care costs for employees and their pensioners, which this year amounts to $1.2 billion, Adachi said.