Legislative Analysts Office Comments on Proposed Pension Measure

The Legislative Analysts Office released a report of its analysis of the latest DeMaio/Reed Pension Measure. In concurrence with ACSS’ standpoint, the LAO also feels that “There is significant uncertainty as to the magnitude, timing, and direction of fiscal efforts of this measure and its effects on current and future governmental employees compensation.” In addition, David Low, Chairman of Californians for Retirement Security, compares the measure to the “Trojan horse that will undermine the retirement security of millions.”

Click here to read the press release on the LAO’s analysis.

In addition, the LAO has also released full text of the ballot proposal for more in-depth specifics.