Ballot Title Won’t Deter Pension Reform

pensionCostly government pension deals are devastating our public services – and this simple initiative gives voters the ability to stop sweetheart and unsustainable pension deals that politicians concoct behind closed doors with government union bosses. That’s why the politicians and union bosses oppose this initiative – and why they continue to try to mislead the public on what the initiative does. Despite their attempts to mislead, we are very confident the voters will understand the plain English requirements of this measure and overwhelmingly pass it in November 2016.

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The next step in the campaign will be to commission a legal review the ballot measure “Title and Summary” concocted by state politicians. Once that review is completed, we will kick-off their signature drive to qualify the measure. 

The “Plain English” Requirements of the Pension Reform Initiative: 

1) Require voter approval of any defined benefit pensions for new government employees

2) Require voter approval of any increase in pensions for existing government employees

3) Prohibit any taxpayer subsidy of government retirement benefits in excess of 50% of the cost – unless voters expressly approve a higher contribution

4) Prohibit politicians and government agencies from delaying, impeding, or challenging any voter-approved state and local ballot measures regarding government compensation and benefits.

Chuck Reed, a former Mayor of San Jose, is a Democrat. Carl DeMaio, a former Councilmember of San Diego, is a Republican

Originally published by Fox and Hounds Daily

Comments

  1. It is time to convert all CA government and city, county pensions plans to 401K style plans. No more retirement plans that pay as much or more than you earned while working. This is the biggest rip off of taxpayer taxes ever.

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