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Erica Holloway

Pension Reform Initiative | Publicly Popular, Judicially Jacked

The Californian initiative process pains me.

Great idea on paper, but in reality – we’ve allowed idle lawmakers to relinquish responsibilities to the public, which supposedly hired them for the job.

Yet, even when voters “decide” (measure proponents love to say that), it’s rarely the end of the discussion.

Days, weeks or months later, a psuedo-lamaker legislates from the bench and we’re back where we started with just a dash more bitterness.

It’s a wonder voters show up at all anymore.

In good old San Diego, there’s an epic battle playing out over an initiative that’s got all the makings of a daytime drama.

The initiative proposes reforming the City’s guaranteed pension system and replacing it with a 401(k)-style plan for “most” new hires.

Basically, the so-called “comprehensive pension reform” eliminates pensions in favor of 401(k)s for all new hires but police officers (one of the proponents, Mayor Jerry Sanders, is a former police chief) and proposes a five-year hold on current employee salaries used to calculate future pensions.

A… Read More