Chuck Reed on California pension reform, Mar 20

Discussing California pension reform, San Jose Mayor Chuck Reed, will address the Contra Costa Taxpayers Association, Mar 20, at the Back Forty BBQ in Pleasant Hill. Doors Open 11:30. Reed withdrew his proposed ballot proposition that would allow city and other governments to reduce promised state worker retirement benefits,

California pension reform is not dead yet, even though Reed and his backers failed in a court battle to change a misleading and uber-biased ballot description foisted on the public by Democrat Secretary of State Kamala Harris, that would have severely prejudiced public understanding of the measure for purposes of gathering signatures to qualify the measure. An appeal to change the ballot title language was struck down last week.

According to Jon Ortiz in the Sacramento Bee,

Despite the loss, Reed said in a statement, that “we will be targeting the 2016 election cycle for our proposed pension reform initiative.”

The measure he proposed would have given government employers, under certain circumstances. the authority to freeze accrued retirement benefits for current employees and then reduce them in the future. A body of case law says that pension benefits, once promised, can’t be cut without an offsetting benefit.

Reed and others who backed his measure say public pensions can’t be sustained at the benefit levels promised without siphoning money from crucial government services. Unions counter that the measure scapegoats government workers, that changes must be bargained and that officials such as Reed exaggerate the issue for personal political gain.

Today’s announcement came after a Sacramento Superior Court judge made final a tentative ruling on Reed’s lawsuit.

“I am disappointed that the Court declined to correct the inaccurate and misleading summary produced by the Attorney General.,” Reed said.

CoCoTax Board Meeting 3/20/14 – Guest Speaker – Chuck Reed, Mayor of San Jose, Topic: Pension Reform

  • 20 Mar 2014
  • 11:30 AM – 1:30 PM
  • Back Forty Texas BBQ, 100 Coggins Drive, Pleasant Hill, CA

Registration

  • Member Price $35

Registration is required due to limited space. Please contact Alex Aliferis if you have any questions. Thanks.

We invite you to join us for a luncheon featuring our guest speaker, Chuck Reed, Mayor of San Jose, CA on

     Thursday, March 20, 2014 at 11:30 am

                   Back Forty Texas BBQ

             100 Coggins Dr., Pleasant Hill

 

Mayor Reed will be speaking on Pension Reform. He leads a group of California city leaders campaigning for the proposal as a solution to soaring retirement costs.

 

Chuck Reed is an American politician andlawyer. He has served as the 64th Mayorof San Jose, California since 2007.

Starting in the 1980s and continuing to 2000, Mayor Reed served on numerous commissions, boards, and committees including the City Planning Commission and the San Jose Downtown Association. He was elected to a seat on the San Jose City Council from the Berryessa District (District 4) in 2000. He ran again in 2004 and was re-elected with 86% of all the votes cast.

Reservations required.

Buffet lunch will be provided.

Cost: $35. Reserve your seat early as space is limited.

Please register on our website at cocotax.org if you’re paying via PayPal or send an email to alex@cocotax.org. Checks are payable to Contra Costa Taxpayers Association and can be mailed to P.O. Box 27, Martinez, CA 94553 or you may pay (checks and cash accepted) at the event.

For further information, please contact Alex Aliferis at 925-289-6900 or alex@cocotax.org.

Parking is very limited. Back Forty does offer valet.

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The California Rule: Why can’t pensions be altered?

In March 2011, the Little Hoover Commission alarmed California’s comfortable labor-dem,ocrat ruling class when it urged state and local governments to roll back benefits for current workers. Inconceivable! cried the public pension industrial complex; “benefits always go up…never down, that is the natural order of things.”

And now comes Amy B. Monahan, a University of Minnesota law professor, who in the Iowa Law Review not only agrees with the Little Hoover Commission, but cites a 1917 California Supreme Court decision about benefits for a police widow. as potential legal wiggle room for pension reform in California. Continue reading “The California Rule: Why can’t pensions be altered?”

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California Pension Reform: Government employers can change pension plans

California pension reform and why local governments have more latitude than they think to curb pension spiking and reduce plan costs

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california pension reform, pension spiking, government employers, reduce benefits, pension plansA Folsom law firm has posted an opinion paper that analyzes whether California Government Employers can reduce benefit plan costs, concluding there is more latitude than commonly perceived. “A close reading of the pertinent cases suggests that a public employee’s right to a pension benefit is not inviolate, but may be changed or even eliminated under appropriate circumstances.” Continue reading “California Pension Reform: Government employers can change pension plans”

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Jack Dean on growing crisis of public pension debt

Reason TV interviews Jack Dean, Editor of Pension Tsunami, who over the past couple years has helped to alert the public of the coming train wreck created by unfounded public employee pension deals

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Schwarzenegger: California pension reform, or else!

On the day Gov. Arnold Schwarzenegger unveiled his May budget proposal, he warned state lawmakers that “I will not sign a budget if we don’t have pension reform and budget reform.”

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California Governor Arnold Schwarzenegger told Politico yesterday, “I will hold up the budget. It doesn’t matter how long it drags — into the summer or fall or into November or after my administration — and I think the people will support that.” Sound familiar? Continue reading “Schwarzenegger: California pension reform, or else!”

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