"It's clear that the proponents of eliminating retirement security for teachers, firefighters, school employees and other public servants are more interested in playing politics and rewarding Wall Street than providing the retirement security all Californians deserve. Their new proposals would ultimately do what their previous failed attempts would have done: create billions of dollars in costs for the state's pension systems, jeopardize the ability to attract and retain teachers, police officers and other public employees and jeopardize a secure retirement for hard-working middle class families."

Californians for Retirement Security is a 1.6 million member organization representing teachers, firefighters, police officers, school employees and other active and retired public employees.