“In my 18 months covering San Diego politics, people can’t stop talking to me about two dates: 1996 and 2002. Those were the years the city gave massive retroactive pension benefit increases, known as MP-1 and MP-2, while at the same time underfunding the pension system. The fallout of those decisions led to national scorn and financial ruin. We’re still saddled with their legacies today.”
Saturday, April 23 2011
— Liam Dillion, the People’s Reporter re: San Diego’s nasty pension problem