Press Releases

CalSTRS Statement on Proposed Pension Reform Act of 2014 Ballot Measure

WEST SACRAMENTO, CA – In response to the proposed Pension Reform Act of 2014 ballot initiative allowing employers to alter the future retirement benefits of current public employees, the California State Teachers’ Retirement System’s Chief Executive Officer Jack Ehnes, issued the following statement:

“This initiative, which raises legal concerns that CalSTRS currently is exploring, threatens the retirement security of existing and future educators, who have provided many years of service to California’s students. 

Chuck Reed's Pension Scheme: The Reaction

October 16, 2013
To: Interested Parties
From: Steven Maviglio, Californians for Retirement Security
Re: Chuck Reed's Pension Scheme: The Reaction

Pundits, state officials, academics, and other community leaders had strong reactions yesterday to a proposal by San Jose Mayor Chuck Reed and a handful of small city mayors to break the promise made to teachers, firefighters, police officers, school employees, and other public employees about their retirement. Here's a sampling:

Jack Pitney, Clarement McKenna government professor, in the Sacramento Bee:

Statement on Filing of Pension Measure by San Jose Mayor Chuck Reed

Statement of Dave Low, Chairman of Californians for Retirement Security (CRS) on the filing of a ballot measure to slash retirement to California's public employees. CRS is a coalition representing more than 1.6 million teachers, firefighters, police officers, school employees, and other active and retired public employees.

Texas Billionaire John Arnold and San Jose Mayor Chuck Reed Named "Demon Goats" on www.DontScapegoatUs.com Pension Website

SACRAMENTO ­­_ San Jose Mayor Chuck Reed and Texas billionaire John Arnold, who are backing statewide efforts to slash retirement benefits for millions of Californians, have been named "Demon Goats" on the www.DontScapegoatUs.com website published by Californians for Retirement Security. The coalition represents more than 1.5 million teachers, firefighters, school employees, police officers and other current and retired public employees.