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Goldsmith will hold a news conference at 2 p.m. Thursday with council President Tony Young and President Pro Tem Kevin Faulconer.

"We cannot allow what happened with managed competition, a four-year delay of a voter initiative, to happen to Proposition B," Goldsmith said.

Managed competition, in which certain municipal functions are put out to competitive bidding between private companies and city department employees, was adopted by voters in 2006 but wasn't put into effect until 2010. A few competitive bids have since been completed, with city workers winning each of them.

Proposition B, approved by two-thirds of the voters, seeks to hold down the city's rising pension costs by giving most new employees 401(k)-style plans and limiting for five years the money that workers use to calculate their pension payouts to base compensation.

Young told City News Service Tuesday night that he planned to place Proposition B on next week's City Council agenda for discussion.

The initiative was opposed by organized labor, which promised legal action. A hearing on a lawsuit filed against the measure before the election is scheduled for a hearing in about two weeks.