On January 25, 2011, the City Council accepted the City Manager's report and provided direction on exploring retirement benefit changes for new employees.
On March 22, 2011, the City Council directed the City Manager to come up with a plan to achieve $216 million in general fund savings within the next 5 years, and to achieve $218 million in savings for all funds in retirement costs. This plan, the
City Manager's Fiscal Reform Plan was approved on May 24, 2011.
Also, on May 24, 2011, the City Council also directed staff to draft a proposed ballot measure to amend the City Charter related to retirement benefits for current and future employees.
On June 24, 2011, the City Council also provided additional direction on opt in programs.
On December 6, 2011, the City Council approved the December 5, 2011 ballot measure for the June 2012, election.