Press Releases

Statement of Dave Low on Stockton Decision

Statement of Dave Low, Chairman, Californians for Retirement Security, a coalition of more than 1.2 million teachers, police officers, firefighters, school employees, retirees, and other public employees:

CalPERS Pension Benefits Generate $30 Billion in Economic Activity

CalPERS Pension Benefits Generate $30 Billion in Economic Activity

Additional $20 Billion invested in California

SACRAMENTO, CA - More than $30 billion in economic activity was generated by retirement benefits paid by the State’s pension fund, according to a study released by the California Public Employees’ Retirement System (CalPERS).

Statement of Dave Low on Reed Measure Court Ruling

Contact: Steven Maviglio, 916-607-8340

Statement of Dave Low, Chairman, Californians for Retirement Security, on Court Ruling on Chuck Reed's Statewide Pension Measure

"This decision simply affirms what Mayor Reed and his allies have publicly proclaimed: the real purpose of the mayor’s attack on retirement security is to eliminate the vested pension rights of teachers, firefighters, public safety officers and millions of other hard working Californians. 

Poll: Language of Reed's Pension Measure Unpopular with California Voters

Contact: Steven Maviglio, 916-607-8340

78% Reject It After Learning It Eliminates the Vested Retirement Benefit of Public Employees

Sacramento – By wide margins, California voters are opposed to key provisions in San Jose Mayor Chuck Reed’s proposed ballot measure that would eliminate the vested benefit rights of public employees, according to new data released today by Washington, D.C.-based pollster Garin-Hart-Yang.

POLL: REED’S PENSION MEASURE UNPOPULAR WITH VOTERS

Contact: Steven Maviglio, 916-607-8340

POLL: REED’S PENSION MEASURE UNPOPULAR WITH VOTERS
Only 36 Percent Support in New Statewide Poll 

Sacramento – According to a new statewide poll released today conducted by the Washington, D.C.-based GarinHartYoung Research Group, San Jose Mayor Chuck Reed’s proposed ballot measure to give cities the ability to slash the retirement benefits of existing public employees has the support of only 36 percent of California voters. 

Union Letter to San Jose Mayor Chuck Reed

Dear Mayor Reed: 

This is in response to your letter inviting dialogue on the ballot measure you have introduced.

As you are aware, there is a retirement crisis in California.  A study released just this week noted that 42 percent of Americans say that saving money for retirement and paying their bills is not possible; 37 percent say they will never be able to afford to retire, continuing to work until they are sick or die. 

Statement of Dave Low, Chairman, Californians for Retirement Security, on CalPERS Annual Return and Impact on Mayor Reed's Pension Ballot Measure

Contact: Steven Maviglio, 916-607-8340

Pension Ballot Measure

"This strong performance is another nail in the coffin of Mayor Reed's attempt to eliminate the vested retirement benefits of teachers, firefighters, police officers and other public employees. It will be difficult for voters to believe his fuzzy math that project the sky is falling when CalPERS has regained all of its losses from the recession and has had back-to-back strong annual returns like this."