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Taxing Big California Public Pensions, Ending Collective Bargaining, Will Have Costs
Orange County Register Communications 
Aug. 23, 2011
Taxing public pensions in excess of $100,000 a year could bring an extra $60 million into state coffers -- ? but would likely drive retirees from the Golden State .... The [ballot initiative measure] would basically amend the state Constitution to institute a new state tax on pension benefits in excess of $100,000 a year, paid to retirees by the California Public Employees Retirement System and the California State Teachers' Retirement System.
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