California Pension Reform, the group pushing to put a public pension rollback measure on the November 2012 ballot, on Tuesday filed amendments with the attorney general intended to clarify their provisions.
The attorney general, which analyzes proposed ballot initiatives and then assigns them a title and summary, allows amendments to be made within 15 days of their submission. CPR first filed its proposals on Nov. 2.
In a statement released Tuesday afternoon, CPR President Dan Pellissier said that the changes were prompted by criticisms that some elements of the proposals might not be constitutional.
"As a result, we have contacted noted constitutional scholars across the country," Pellissier said. "They have made recommendations they believe will enable the courts to say this initiative is constitutional."
The amendments include, among other things, a requirement that any savings from the new programs go toward paying a pension fund's unfunded liabilities. The changes also make plain that future benefits vest only after a beneficiary has performed work.
Click here for more background on the CPR pension proposals. This link opens the defined contribution proposal's language. Clicking this link opens the hybrid plan's language.
The group will decide which to promote after it receives the attorney general's title and summary and the state's fiscal impact analysis late next month and then conducts its own polling about which plan voters would prefer.
This link opens CPR's amended proposal to place future state and local government workers into defined contribution retirement plans. Amended Hybrid Version Redline.pdfwill open their second plan to put future public employees into a federal-style hybrid system. The changes are clearly delineated.
PHOTO: California Pension Reform President Dan Pellissier / Courtesy Dan Pellissier
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