The initiative intended to ensure benefits are properly funded and do not drain funds needed for essential government services such as public safety and education, was penned and submitted by Daniel Pellisier on November 15, 2011 to be passed by a 2/3 vote of the Legislature. The 'Government Pension Reform Act of 2012' covers end-of-year 'spiking' to earn larger retirement: requests that a pensions be based on an three year average wage; removes benefits paid to a government retiree that has committed a felony: redefines 'Government Agency' to include state, counties, cities, school districts, special districts, boards, and commisions: Government employee and employer shall equally share costs of defined benefits: and more.
To read full initiative click HERE
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