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Ventura Pension Reform Shelved as Backers Drop Legal Battle
Ventura County Star Link to more items from this source
Aug. 7, 2014
"Backers of an initiative to phase out the county government's pension system have decided ... not [to] appeal Superior Court Judge Kent Kellegrew's decision this week to remove the initiative from the Nov. 4 ballot ... The initiative would have required new county employees to enroll in a 401(k)-style system, phasing out the $3.6 billion, 16,000-member pension system over decades. With some exceptions, the measure also would have imposed a five-year freeze on pensionable pay for 1,600 employees."

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