Adachi's Latest Pension Claim Riles City Hall
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Adachi's move portends yet another pension-related bloodbath in November's election. And it outraged some of the key movers and shakers behind Mayor Ed Lee's more modest pension plan.
At issue is, in Adachi's words, a 4 percent raise awarded to police officers "in exchange for their agreement to contribute 3 percent more into their pensions." This, he says, will cost the city millions in the long run.
City controller Ben Rosenfield acknowledged that this was not a "cost-neutral" provision. But that raise was part of a massive police pay hike approved by then-Mayor Gavin Newsom in 2007. It was something the cops were due, regardless -- and, you could argue, managing to finagle a 3 percent boost in pension payments actually reduces anticipated burdens.
Rosenfield described the raise as part of a "previous contract agreed to by a previous mayor and board. We were previously contractually obligated to give this raise."
Adds Supervisor Sean Elsbernd, Adachi is "ignoring that this pay raise was already scheduled. That salary raise was already incorporated into every retirement projection and was in the city's five-year plan already. If you accept the premise that when you enter into a contract you have to pay it out, then the city is [now] doing better than what it had been doing."
Police, fire, moderate supervisors, liberal supervisors, Ed Lee, the entire labor movement -- who will Adachi alienate next? If voters embrace him in November, that may be all that matters to him.