For Immediate Release
Wednesday, February 8, 2012
Californians for Retirement Security

Californians for Retirement Security Applauds Suspension of Pension Measures

SACRAMENTO _ Statement from Californians for Retirement Security on the decision to suspend thepension ballot measures:

"We have always believed that changes in California's pension system are best addressed at the bargaining table and through the legislative process, not the ballot box. These sloppily written initiatives were dead on arrival because they were costly and undermined retirement security for millions of middle class Californians. While we are pleased these ballot measures will not go forward, we will continue to work with the Governor to work on real solutions to stop abuses and provide savings in our state's pension systems."

Californians for Retirement Security is a coalition representing more than 1.5 million active and retired public employees.