For Immediate Release

Following is a statement from Dave Low, chairman of Californians for Retirement Security, a coalition representing 1.5 million public employees and retirees.

“We are outraged that a Democratic Governor and Democratic Legislature are taking a wrecking ball to retirement security for teachers, firefighters, school employees, and police officers. While we support common-sense changes to end spiking and abuse of the system, this package is unfair and wrong.

For Immediate Release

Field Poll Shows Voter Support Falters for Dramatic Pension Changes

Statement from Dave Low, chairman of Californians for Retirement Security, on the latest Field Poll on pensions:

For Immediate Release
Tuesday, June 5, 2012
Californians for Retirement Security

Statement on Pension Measures in San Jose and San Diego

Dave Low, Chairman of Californians for Retirement Security, on tonight’s election results:

A new national economic impact study finds that DB pension benefits have a significant economic impact: 6.5 million American jobs and $1 trillion in economic output.

The analysis finds that the benefits provided by state and local government pension plans have a sizable impact that ripples through every state and industry across the nation.

According to the report, state and local pension plans in California supported 324,761 jobs that paid $17.4 billion in wages and salaries in 2009, as well as supporting $52.5 billion in total economic output the same year.