The Anti-Pension Initiative: What Can UC Do?
The State Worker blog of the Sacramento Bee carries a piece on what the political campaign against the anti-pension/anti-retiree health care initiative will likely look like. Excerpt: Chuck Reed’s public-employee pension initiative is a long way from making it to a statewide vote – money being the biggest hurdle – but labor unions have already started blasting the proposal. The San Jose mayor’s measure would, among other things, change the California Constitution to explicitly allow state and local governments in a fiscal emergency to cut future retirement costs by lowering current employees’ benefits prospectively but leave accrued benefits untouched. Right…