Statement on Pension Measures in San Jose and San Diego

June 5, 2012

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:

"While we respect the decision of San Diego and San Jose voters, these measures will have perilous long-term consequences for workers, the economy and the public. These results will mean broken promises and less retirement security for working families and seniors, many of whom do not receive Social Security. Backers of these measures outspent workers by an 8-1 margin in San Diego alone, and we are confident the outcome would have been different had voters known the facts and risks associated with these complex and constitutionally questionable measures. The polarizing and costly campaigns in these two cities - and certain legal challenges to come - could have been avoided by going the route that more than 240 jurisdictions in California have, solving their challenges at the bargaining table instead of at the ballot box."

Californians for Retirement Security represents more than 1.5 million public employees and retirees.