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Aguirre orders pension shake-up.

Publication: San Diego Business Journal
Publication Date: 20-DEC-04 		Format: Online - approximately 986 words
Delivery: Immediate Online Access
Full Article Title: Aguirre orders pension shake-up.(City Attorney Michael Aguirre )

Article Excerpt
Some prominent San Diegans aren't surprised that newly elected City Attorney Michael Aguirre is wasting no time in shaking things up at San Diego City Hall.

On Dec. 16, Aguirre informed Lawrence Grissom, administrator of the San Diego City Employees Retirement System, that he was taking over as the controversial pension fund's chief legal adviser. Aguirre discharged all other legal staff members assigned to the retirement board.

The pension fund, which has a $1.1 billion unfunded liability, has made San Diego the focus of national attention and provided much grist for the contentious--and still contested--mayoral race. The fund has sufficient assets to cover payments today but would not if everyone eligible retired all at once.

Andrew Albert, the president-elect of the San Diego County Bar Association, said that Aguirre's move is consistent with his campaign pledge.

"Mike's going to be definitely shaking things up," he said. "Maybe...

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