CalPERS weighs in on newest pension attacks

After Mayor Chuck Reed and his cohorts filed papers to get a new constitution-amending pension attack on the ballot, CalPERS took a moment to weigh in on this latest round of attacks against state and local public employees.

CalPERS has pledged to uphold their responsibilities as defined in both the U.S. and California Constitutions, and to continue supporting and defending the rights that were promised to public employees.

CalPERS' official statement concluded with a call on legislators to find a solution that improves retirement security for all Californians, not remove it from those who have earned it.

Read the full statement at CalPERS.ca.gov