Ted Costa of Peoples Advocate has submitted a ballot initiative on public pensions that explicitly includes UC. Peoples Advocate is the organization originally founded by Paul Gann of the Jarvis-Gann initiative known as Prop 13. You have probably heard of Prop 13. (Joke)
The organization by itself does not have funding for signature gathering. But it has a history of getting funding from others. Most notably, it kicked off the recall of Gray Davis. So I would take this initiative seriously. It has things like $100,000 caps on pensions, limits on cost of living adjustments, rules about funding, etc. It is quite complex and will take time to dissect.
The initiative is at:
http://ag.ca.gov/cms_
It has typos, etc., so I expect it will be adjusted over time, particularly if money is found to gather signatures.
Here we go again:
UPDATE: A description of the initiative and a statement that a revised version will be filed is at http://blogs.sacbee.com/the_state_worker/2011/07/ready-for-calspers.html
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