SACRAMENTO ­­_ San Jose Mayor Chuck Reed and Texas billionaire John Arnold, who are backing statewide efforts to slash retirement benefits for millions of Californians, have been named "Demon Goats" on the www.DontScapegoatUs.com website published by Californians for Retirement Security. The coalition represents more than 1.5 million teachers, firefighters, school employees, police officers and other current and retired public employees.
 

Retirement Group Blasts Pension Change Backers for “Hysteria,” Scare Tactics
Join LA Mayor Garcetti in refuting ridiculous claims

SACRAMENTO _ A coalition of police officers, firefighters, teachers, and other public employees today joined Los Angeles Mayor Eric Garcetti in criticizing an ex-Schwarzenegger aide for suggesting that Los Angeles could face bankruptcy like Detroit.

To: Interested Parties
From: Steve Maviglio, Pension Facts
Re: Chicken Little Pension CalPERS Claims Aren't Coming Home to Roost

For several years, Stanford professors paid by special interests and taxpayer "foundations" bankrolled by anti-union donors have attacked public pensions, pointing to their losses over the past few years. Never mind that their "solution" -- 401(k)'s -- performed even worse, losing trillions of dollars.

For Immediate Release
Californians for Retirement Security

Boston College Study: Pension “reforms” will offset impact of financial downturn on state, local pension costs

SACRAMENTO – A new study by the Center for Retirement Research at Boston College says that pension “reforms” made at the state and local level will restore the state’s public pension funds to pre-financial crisis levels.