November 3, 2011
Ballot proposals seek change in California’s pension system
State and local workers would pay more for their pensions under two ballot initiative proposals made public Wednesday.
The effort by a group calling itself California Pension Reform comes less than a week after Gov. Jerry Brown offered his own 12-point plan to dial back pension costs. Brown hopes to secure passage for his plan in the Legislature.
One of the two plans filed with the attorney general's office mirrors Brown's call for pensions to blend a smaller guaranteed pension with other retirement income sources...
LINK - SacBee.com
