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Monday, October 5, 2015

Fishing for Pension Initiative Campaign Dollars

The proponents of a public pension limit initiative for new hires have now submitted a new version. You can find it at https://oag.ca.gov/system/files/initiatives/pdfs/15-0077%20%28Pension%20Reform%20V3%29.pdf?

They don't have the money for a signature-gathering campaign or for a general election campaign so this is an attempt to see if some wealthy backer(s) will bite. The new initiative limits the amount of public support for new-hire pensions but doesn't forbid a defined benefit plan.

Let's see what they catch with their fishing:

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