A federal grand jury has handed up fraud and conspiracy indictments against five current and former officials of San Diego's citywide pension system. The charges centered on a 2002 decision by the 13-member San Diego City Employees' Retirement System to enact a plan to increase significantly the pension benefits of city employees, including all the defendants, while failing to provide sufficient money to keep the pension fund solvent.
See "Five Officials in San Diego Are Indicted Over Pensions", John M. Broder, The New York Times, January 8, 2006