Monday, January 18, 2016

One Less Thing to Worry About

We have been blogging about the problems related to the Tier 3 pension proposal. It could have been worse if some anti-pension proponents had gotten their initiatives on the ballot for 2016. But as it turned out, they couldn't find a sugar daddy to pay for signature gathering and a later campaign. So they have given up for now:

For the third time in five years, an effort to put a government pension measure before voters has stalled for lack of money. Former San Jose Mayor Chuck Reed and former San Diego Councilman Carl DeMaio announced Monday that they are backing off plans to qualify a proposal for the November ballot. Instead, they said in a joint release, “we have decided to re-file at least one of our pension reform measures later this year for the November 2018 ballot.”...
Had a ballot initiative along the lines the proponents wanted, UC would have been faced with creating yet another pension tier (Tier 4).

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