Superior Court Judge Joan M. Lewis has granted SDCERS' Motion for a Change of Venue to Los Angeles County, in the City of San Diego's lawsuit against SDCERS commonly referred to as the "substantially equal" case. The lawsuit seeks to include annual investment gains and losses in the calculation of employee and City contribution rates. However, since SDCERS' inception nearly 90 years ago, investment gains and losses have never been included in the calculation of employee contribution rates.
Click below to read SDCERS' related press release, as well as the Motion for Change of Venue and the judge's final ruling. A date for hearing has not yet been scheduled in this case.