Pension proposition reform results of the June 5, 2012 election. Lawsuits will follow.
|City, County, State 30 year problem, fix it!|
|Enjoying our older age|
"Landslide victories on ballot measures to cut pension costs in two major California cities emboldened reform advocates, who said they expect a flurry of copycat initiatives and increased support for Gov. Jerry Brown's long-stalled push to curb the state's obligations to its employees.
In San Diego, where pension cuts already have been implemented, voters opted to eliminate pensions for new workers. By a 66% to 34% margin, voters Tuesday endorsed Proposition B, which provides newly hired city employees with a 401(k) program, but preserves traditional pensions for new police officers. Read Article.
Related - Orange County Register, OC Watchdog, 6/4/12, "Pension reform: Dead until 3014 if Legislature doesn't act now?" Graphic source information from State Controller John Chiang.
Submitted by Robert "Bob" Hutchinson
Posted by Kathy Meeh