Richman pension measure moves forward
Former Assemblyman Keith Richman can now begin collecting signatures for his controversial initiative to reform the state's pension and health benefits system, the Secretary of State's office announced today.
The measure would reduce pension and retirement health care benefits paid to public employees who are hired after July 1, 2009. It includes provisions to raise the public employee retirement age; restrict early retirement; and increase the requirements to qualify for benefits, among others.
Richman and the other proponents have until Jan. 10, 2008 to collect the signatures of 694,354 registered voters.