The ballot measure proposed by former San Jose Mayor Chuck Reed and former San Diego City Councilman Carl DeMaio is a dramatic attack on the retirement security of teachers, nurses, firefighters, police and other public employees. Disguised as the “Voter Empowerment Act,” the measure undermines benefits to existing and new employees.
By Steven Maviglio, Fox & Hounds
July 29, 2015
The Legislative Analysts Office may have dealt the death knell to an effort to slash the retirement security of California’s teachers, firefighters, peace officers, bus drivers and other public employees this week with a candid assessment of its impact.
By Jon Ortiz, Sacramento Bee
Legislative Analyst Mac Taylor said this week he doesn’t know what would happen if a new public pension ballot proposal becomes law.
Pursuant to Elections Code Section 9005, we have reviewed a constitutional initiative related to compensation and retirement benefits for state and local governmental employees in California (A.G. File No. 15-0033).
by Dave Low
In their never-ending effort to force-feed warmed-over political ideas to a skeptical public, the pension attackers are back, using new poll-tested language and focus-grouped talking points to undermine retirement security for millions of working families.
SAYS COULD OPEN THE DOOR TO ELIMINATE DEATH & DISABILITY BENEFITS FOR PUBLIC SAFETY, IMPACTS COLLECTIVE BARGAINING, LIKELY TO INCREASE OTHER COMPENSATION COSTS TO ATTRACT AND RETAIN EMPLOYEES
“This is yet another destined-to-fail attempt to eliminate the retirement security of teachers, firefighters, school bus drivers and other public employees they have earned and agreed to in good faith at the bargaining table.
More than 100 firefighters, teachers, police officers, school employees and other public servants today protested an expected November 2016 ballot measure that would eliminate retirement security for millions of Californians.
The demonstration took place outside a meeting hosted for proponents of the effort by the right-wing Reason Foundation featuring former San Jose Mayor Chuck Reed and former San Diego city council member Carl DeMaio.
In response to Judge Klein’s opinion approving Stockton’s bankruptcy plan today, leading pension attorney Teague Paterson of Beeson, Tayer & Bodine, who filed an amicus brief for Peace Officers Association of California in this case, has made the following statement:
By Jack Ehnes
By creating the illusion of a catastrophic pension crisis, pension critics would have you believe that the only way to create a sound and sustainable retirement savings program is to move away from a defined benefit pension, preferably replaced with a defined contribution or perhaps none all. Many recent studies, media articles and now a new ballot initiative are based on the same flawed logic.