San Diego, Calif.- A state appeals court has ordered the city of San Diego to compensate city workers who lost their pensions following a voter-approved pension reform initiative that was illegally placed on the 2012 ballot.
The three-justice panel of the 4th District Court of Appeal ruled that workers whose pensions were replaced by a 401(k)-style plan, per 2012’s Proposition B, should be paid the difference between what they would have received via the original pension system and the current system, plus 7 percent annual interest.