LAO: Reed's Pension Measure May Cost "Billions"
Contact: Steven Maviglio
Californians for Retirement Security
LAO: REED'S PENSION MEASURE MAY COST "BILLIONS"
Contact: Steven Maviglio
Californians for Retirement Security
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.
Contact: Steven Maviglio, 916-607-8340
MAYORS TO REED: DROP PENSION MEASURE
Dozens of Local Elected Officials From Throughout State Announce Opposition
The Honorable Chuck Reed
Mayor, City of San Jose
200 East Santa Clara Street, 18th Floor San Jose, CA 95113
RE: Letter of opposition to your proposed pension ballot initiative
Dear Mayor Reed:
We are writing to express our opposition to your proposed ballot measure regarding the pensions of California’s firefighters, police officers, teachers, school employees, and other public employees.
Like most Californians, we believe pension matters are best decided locally and addressed at the bargaining table
Sacramento -- San Jose Mayor Chuck Reed's measure to slash the retirement benefits of current teachers, firefighters, police officers, school employees has lost the support of a key Democratic mayor and is experiencing other major setbacks even before it has received its title and summary from the California Attorney General's Office.
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.
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."
Sacramento, CA – The California Public Employees’ Retirement System (CalPERS) issued the following statement in response to a statewide ballot initiative proposal filed today:
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.
To: Interested Parties
From: Steven Maviglio, Californians for Retirement Security
Re: Is a Texas Enron Billionaire Funding Chuck Reed's Pension Ballot Measure?