Carl DeMaio, a Republican House candidate hoping to represent California's San Diego area, is learning quickly about the perils of throwing political elbows.
DeMaio made a name for himself leading pension reform as a member of San Diego's city council. According to his campaign's website, DeMaio "authored and led the coalition to pass the landmark pension reform initiative that ends pension spiking abuses, caps pensionable payouts, and closes the city's troubled pension system and gives new hires 401(k)-style retirement accounts instead."
DeMaio is hoping to illuminate the pension issue at the federal level. Monday, his campaign issued a report detailing, by name, the number of congressmen in Washington drawing public pensions along with their annual salaries of $174,000. Rep. Scott Peters, D-Calif., the incumbent DeMaio hopes to unseat, made the list.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
