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Initial Hurdle Toward Pension Reform Cleared

 
Initial Hurdle Toward Pension Reform Cleared
Posted January 8th, 2014 @ 5:04pm by KFBK News

Five California Mayors have been cleared to start gathering signatures to get their proposed statewide pension reform initiative on voter ballots in November.  The move comes a day after Attorney General Kamala Harris issued a summary for the initiative, which would allow cities across the state to renegotiate public workers' future pension and retirement benefits.

Initiative supporters said they expect to announce by the end of January whether they will start collecting more than 800,000 signatures to qualify for the November ballot or delay their plans until 2016. The Mayors of San Jose, Pacific Grove, San Bernandino, Santa Ana and Anaheim are pushing the intiative.

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