A possible 2014 ballot initiative to allow the state of California, its cities and other governmental agencies to make changes to the retirement benefits of current employees is being by prepared a group of mostly conservative politicians and policy advocates.
The draft initiative, first reported by Frying Pan News in conjunction with the Huffington Post, would allow changes to be made to the retirement benefits of current employees. Any such changes would be in effect only from the time they are enacted.
The initiative would prohibit the state, the pension system, CalPERS, and governmental boards from "interfering with elected leaders' or voters' ability to amend their public employee pension plans for employee' future years of service."
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