Ayatollahgondola
01-16-2010, 06:27 AM
Here's a new intiative to control public spending. It seeks to control the retirement bennies of public servants.
January 15, 2010 County Clerk/Registrar of Voters (CC/ROV) Memorandum #10022 TO: All County Clerks/Registrars of Voters and Proponent FROM: Katherine Montgom Associate Elections A alyst RE: Initiative: 1433, Related to Public Employee Benefits Pursuant to Elections Code section 336, we transmit herewith a copy of the Title and Summary prepared by the Attorney General on a proposed initiative measure entitled: REDUCES PUBLIC PENSION AND RETIREMENT
HEALTH-CARE BENEFITS. INITIATIVE CONSTITUTIONAL AMENDMENT.
The proponent of the above-named measure is: Marcia Fritz 5530 Birdcage Street, Suite 105 Citrus Heights, CA 95610 (916) 966-9366
The Attorney General of Cali fomi a has prepared the following title and summary afthe chief purpose and points of the proposed measure: REDUCES PUBLIC PENSION AND RETIREMENT HEALTH-CARE BENEFITS. INITIATIVE CONSTITUTIONAL AMENDMENT. For peace officers, firefighters, public safety, and other public employees hired after July 1, 2011, this measure: reduces pension and retirement health-care benefits; increases minimum retirement age; restricts early retirement; increases minimum age and years of employment needed for retirement health-care benefits; and limits post-retirement pension increases. For current and new public employees this measure: prohibits retroactive increases in retirement benefits and requires public employers to make annual payments for future benefit costs. Allows public employers to adjust retirement contribution rates for new employees in future labor agreements. Summary of estimate by Legislative Analyst and DireclOr of Finance of fiscal impact on state and local government: Major reductions in annual public sector pension costs-potentially in the range of SO percent or morc--over the long run. Possible increases in other public employee compensation costs, depending on future decisions made by governmental entities and voters. Major near-term increase in annual governmental payments to prefund retiree health benefits, more than offset in the long run by annual reductions in these costs.
http://feedproxy.google.com/~r/AdvisoriesToCountyElectionsOfficials/~3/H3U_Xb1ZUC4/10022km.pdf
January 15, 2010 County Clerk/Registrar of Voters (CC/ROV) Memorandum #10022 TO: All County Clerks/Registrars of Voters and Proponent FROM: Katherine Montgom Associate Elections A alyst RE: Initiative: 1433, Related to Public Employee Benefits Pursuant to Elections Code section 336, we transmit herewith a copy of the Title and Summary prepared by the Attorney General on a proposed initiative measure entitled: REDUCES PUBLIC PENSION AND RETIREMENT
HEALTH-CARE BENEFITS. INITIATIVE CONSTITUTIONAL AMENDMENT.
The proponent of the above-named measure is: Marcia Fritz 5530 Birdcage Street, Suite 105 Citrus Heights, CA 95610 (916) 966-9366
The Attorney General of Cali fomi a has prepared the following title and summary afthe chief purpose and points of the proposed measure: REDUCES PUBLIC PENSION AND RETIREMENT HEALTH-CARE BENEFITS. INITIATIVE CONSTITUTIONAL AMENDMENT. For peace officers, firefighters, public safety, and other public employees hired after July 1, 2011, this measure: reduces pension and retirement health-care benefits; increases minimum retirement age; restricts early retirement; increases minimum age and years of employment needed for retirement health-care benefits; and limits post-retirement pension increases. For current and new public employees this measure: prohibits retroactive increases in retirement benefits and requires public employers to make annual payments for future benefit costs. Allows public employers to adjust retirement contribution rates for new employees in future labor agreements. Summary of estimate by Legislative Analyst and DireclOr of Finance of fiscal impact on state and local government: Major reductions in annual public sector pension costs-potentially in the range of SO percent or morc--over the long run. Possible increases in other public employee compensation costs, depending on future decisions made by governmental entities and voters. Major near-term increase in annual governmental payments to prefund retiree health benefits, more than offset in the long run by annual reductions in these costs.
http://feedproxy.google.com/~r/AdvisoriesToCountyElectionsOfficials/~3/H3U_Xb1ZUC4/10022km.pdf