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

October 22, 2013

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."

Californians for Retirement Security is a coalition representing 1.6 million teachers, firefighters, nurses, police officers, school employees and other public employees and retirees.