Sacramento, CA – The California Public Employees’ Retirement System (CalPERS) issued the following statement in response to a statewide ballot initiative proposal filed today:
October 16, 2013
To: Interested Parties
From: Steven Maviglio, Californians for Retirement Security
Re: Chuck Reed's Pension Scheme: The Reaction
Pundits, state officials, academics, and other community leaders had strong reactions yesterday to a proposal by San Jose Mayor Chuck Reed and a handful of small city mayors to break the promise made to teachers, firefighters, police officers, school employees, and other public employees about their retirement. Here's a sampling:
Jack Pitney, Clarement McKenna government professor, in the Sacramento Bee:
Statement of Dave Low, Chairman of Californians for Retirement Security (CRS) on the filing of a ballot measure to slash retirement to California's public employees. CRS is a coalition representing more than 1.6 million teachers, firefighters, police officers, school employees, and other active and retired public employees.
TO: Interested Parties
FROM: David Metz, Fairbank, Maslin, Maullin, Metz & Associates
RE: California Voter Opposition to Cutting Retirement Benefits for Current Employees
DATE: October 14, 2013
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.
For Immediate Release
Statement of Dave Low, Chairman, Californians for Retirement Security, on today's pension bill signing:
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.
CalPERS, CalSTRS post double digit investment returns
By Dale Kasler
Published: Monday, Jul. 15, 2013 - 9:47 am
CalPERS said today it earned 12.5 percent on its investment portfolio in the latest fiscal year, well above its official forecast.