J.J. Jelincic, former president of the California State Employees Association, an investment officer for CalPERS for the past 23 years and a candidate for CalPERS Board of Administration, issued a statement Tuesday afternoon denouncing proposals by Gov. Arnold Schwarzenegger to roll back public employee pensions for future hires. Here's part of what he said:
I'm disappointed but not surprised that Gov.Schwarzenegger is up to his same old tricks going after public employees' pensions. But this time he is not satisfied with just attacking the employees whose wages he has already cut more than 14%. Now he wants to attack all public employees.
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