"California's nonpartisan Legislative Analyst's Office [LAO] ... released its review of the public pension reform initiative proposed by former San Jose Mayor Chuck Reed and former San Diego City Councilman Carl DeMaio ... Opponents were hot out of the gate with a statement noting that the LAO found there's 'significant uncertainty as to the magnitude, timing, and direction of the fiscal effects of this measure and its effects on current and future governmental employees' compensation.' ... But DeMaio and Reed followed up with a statement saying the LAO had confirmed 'that the mandatory requirements of the measure would produce "significant savings." Even better, in addition to what is specifically mandated by the measure, the LAO confirmed that voters would have new powers to add to the savings.' "  MORE >>