We think that there are a number of important questions that voters should consider before voting on Measure L in November. The pension system is $1 Billion in debt and it takes an additional $100 Million a year in taxes…
The county Board of Supervisors voted 4 to 1 to place the Pension Reform Initiative on the ballot in a move that the 4 would likely describe as distasteful. Supervisor Long called the initiative “egregious” partially because of the fiscal…
Ventura County Pension Reform Campaign Submits Overwhelming Number of Petitions
VENTURA, April 23, 2014 – Carrying and carting numerous boxes containing petitions signed by more than 40,500 voters into the Ventura County government center, the Committee for Pension Fairness today completed its most substantial action to date to place a comprehensive reform measure on the November ballot.
“This is truly a historic day and a remarkable achievement for our grassroots, volunteer-driven campaign”, said David Grau and Dick Thomson, Co-Chairs of the Initiative for Pension Fairness and Sustainability. “This isn’t our battle alone – it’s the people of Ventura’s. In overwhelming numbers, they have made it clear they want a decisive say in their fiscal future.”
In less than 70 days, the pension group gained the signatures of more than 50 percent above the required number to qualify for the ballot. This is very uncommon in the initiative and signature-gathering industry and indicates a strong climate for reform, reformers said. “The people know that Ventura County’s current pension system is unsustainable and is draining precious resources that could be spent on meeting unmet public and civic needs,” said Ventura County’s Fourth District Supervisor Peter Foy. “With this, the people have the opportunity to take charge – as it should be. They have made it clear they want their voices to be heard.”
A recent comprehensive independent analysis of the proposed pension reform initiative in Ventura County has found that the measure would achieve immediate fiscal benefit and long-term benefits: The county would not only reduce liabilities $1.8 billion in the long-term, but also save $460 million on cash-flow, shoring up pension obligations it has for current employees and retirees.
“For decades, the unions and the politicians have had the only seats at the table – it’s time for the people to weigh in and achieve the kind of reforms that this flawed system simply isn’t capable of delivering,” added Grau and Thomson. “We can’t wait any longer. Soon, we won’t have to.”
CONTACT: Jonathan Wilcox 888-708-8829 firstname.lastname@example.org
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There are some who say that PEPRA has made the Ventura County Pension Reform measure unnecessary. Ask yourself how long do you think this will last? PEPRA Summary
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VCTA ENDORSES COMMITTEE FOR PENSION FAIRNESS – – Today, representatives of the Committee for Pension Fairness filed a sweeping retirement system reform ballot measure for the November 2014 election known as the “Sustainable Retirement System Initiative”. This measure, the first…
If Sacramento leaders take forensic awareness of the state’s overwhelming pension and obligation costs and search for how it all began, they’ll trace them straight to Ventura County – the Patient Zero of California’s $500 billion (and growing) unfunded liabilities.…
Just one more reason why public pensions are in need of reform. Click Here.