The State Worker: The State Worker's Top 10 of 2011: No. 7 -- Pension plans unveiled

The State Worker

Chronicling civil-service life for California state workers

December 28, 2011

The State Worker's Top 10 of 2011: No. 7 -- Pension plans unveiled

This is the latest installment in a series of posts looking back at the most-read State Worker blog items of 2011.

A group hoping to place a pension-change measure on the November 2012 ballot unveiled two plans last month, including one that mirrors a proposal by Gov. Jerry Brown to put new hires into "hybrid" retirement accounts that shift more investment risks to employees.

California Pension Reform, headed by former legislative staffer Dan Pellissier, is waiting for the official titles and summaries from the attorney general's office. The group expects those no later than Jan. 6, CPR spokesman Aaron McLear says. Then the organization will select the measure it thinks has the best chance of passing and, assuming it can raise the $2 million or so to gather signatures, start work on collecting signatures to qualify a plan for the ballot.

(Click here to read about the Legislative Analyst's take on the two measures.)

This Nov. 2 post introduced the plans' specifics and sparked nearly 400 comments: "California group moves to put pension overhaul on 2012 ballot."

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