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LAO: Ballot proposals to cut California government pension costs may wind up increasing them

Published on December 28, 2011, in Pension Reform.

Two ballot proposals aimed at cutting government pension costs could wind up increasing them, are fraught with legal and fiscal uncertainty and would put pressure on governments to increase public employee pay, according to new analyses of the measures.

The nonpartisan Legislative Analyst's Office on Tuesday released its takes on two public pension reform plans filed by Dan Pellissier, president of California Pension Reform. The group hopes to put one of the proposals to a statewide vote next November…

LINK – www.sacbee.com