April 25th 2024
California Pension Re-negotiation Initiative FAILS
The California Initiative effort to cause pension benefits to be re-negotiated was expected to pass due to serious State stress revenue trouble.
Yet, the petition issue failed. Not enough people supported the idea in that State. The failure may be good for Washington LEOFF I pensioners, though it is unclear whether any future California effort could be a concern for us. Initiative #08-0018, Amdt. 31-5 (31350) IS ENDED FOR THIS YEAR.
For more information, please visit the California Secretary of State website at www.sos.ca.gov.
Thank you,
Bob Monize
LEOFF 1 Coalition President