For $200, You, Too, Can File a Pension Initiative!
There are potentially serious threats via the direct democracy process that could override the Regents’ December action on the UC pension. But there are also initiatives on pensions (and other public issues) that are filed with no prospect they will go anywhere since the authors don’t have the $1-$2 million needed to hire signature-gathering firms. Here is an excerpt from a recent example that is now pending at the Attorney General: …The members of the retirement board of a public pension or retirement system shall on and after January 1, 2016, invest and maintain at least 85 percent of the…
