Roger Neillo proposing: Public Employees Pension Retirement Act
1) Taking the state worker's pension out of the union, and putting it to the voters
2) A retirement contribution so costly, it would break the backs of the workers who have managed to hold on up to this point
3) California State workers, the new working poor
4) Retirement age: NOT before 62; leaves no room for young people, not withstanding, can you imagine a 62 year old police force, firemen/women?
5) Many changes would only effect new employees hired after the Act's implementation date, benefits/costs unknown for decades.
I plan to retire at 55. But it is not the retirement Neillo fantasizes about. I'll be working full time somewhere to supplement my retirement AND probably HAVE TO move out of state to make ends meet. At least, I won't be public enemy number one any longer. If Neillo wants to rid the tax-payers (I pay taxes too) of incomes over $200k per year and retirements over $100K, then do it. I don't personally know any state workers in that category; I bet Neillo does.
i938_initiative...07_amdt_1ns.pdf
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