Showing posts with label STRS. Show all posts
Showing posts with label STRS. Show all posts

Wednesday, August 12, 2015

Initiative to Restrict Teacher Retirement is Filed

Seth Sandronsky 
On Tuesday California Attorney General Kamala D. Harris released the full title and summary text for the Public Employees Pension and Retiree Healthcare Benefits Initiative Constitutional Amendment. The title is a mouthful, but the initiative’s wording is just six sentences long.
Its first two lines read: “Eliminates constitutional protections for vested pension and retiree healthcare benefits for current public employees, including those working in K-12 schools, higher education, hospitals and police protection, for future work performed. Adds initiative/referendum powers to Constitution, for determining public employee compensation and retirement benefits.” 
 
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