Benefit Reform Rift in San Francisco

Jensen, Randall
April 2011
Investment Dealers' Digest;4/8/2011, Vol. 77 Issue 14, p9
Trade Publication
The article reports on the move to reform pension and retiree health care cost in San Francisco, California. It says that there are two groups leading the reform efforts, one headed by private-equity investor Warren Hellman and one headed by public defender Jeff Adachi. According to Mayor Edwin Lee, the rising cost in retiree benefits will lead San Francisco to bankruptcy if no reform is made.


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