Press Release 2011-12-27: Response to LAO analyses

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FOR IMMEDIATE RELEASE
December 27, 2011
Contact: Aaron McLear
916-753-3699


CALIFORNIA PENSION REFORM RESPONDS TO LAO ANALYSES

SACRAMENTO – Dan Pellissier, President of California Pension Reform (CPR), today responded to the Legislative Analyst Office’s (LAO) analyses of CPR’s initiative proposals.

“We are pleased that the LAO recognizes that both versions of our initiative would end pension system abuses, reduce the long term cost of government employee pensions by billions of dollars each year, and require that independent experts make up majorities on state pension boards,” said Dan Pellissier, President of California Pension Reform. “Californians are ready to vote for this type of pension reform to help get our fiscal affairs back on track.”

The analyses can be found at the links below:

http://www.lao.ca.gov/laoapp/ballot_source/BalDetails.aspx?id=941

http://www.lao.ca.gov/laoapp/ballot_source/BalDetails.aspx?id=940


California Pension Reform is an organization dedicated to improving the California’s economic climate by fixing the state’s unfunded and unsustainable pension liabilities and retiree benefit entitlements.

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