LEGISLATURE. PARTICIPATION IN PUBLIC EMPLOYEES' RETIREMENT SYSTEM.

LEGISLATIVE CONSTITUTIONAL AMENDMENT.
Put on the Ballot by the Legislature.

SUMMARY
Allows legislative members to participate in the Public Employees' Retirement System plans in which a majority of state employees may participate. Fiscal Impact: Annual state costs under $1 million to provide retirement benefits to legislators, with these costs replacing other spending from the fixed annual amount provided in support of the Legislature.

WHAT YOUR VOTE MEANS

YES
A YES vote on this measure means: State legislators could earn retirement benefits under a state retirement system for their years of service in the Legislature.

NO
A NO vote on this measure means: For retirement purposes, state legislators would continue to earn only Social Security benefits for their years of service in the Legislature.

ARGUMENTS

PRO
Proposition 33 is about fairness and about allowing everyone to serve in the Legislature, not just the rich. Proposition 33 only allows members of the Legislature to participate in the same pension plan as every other state employee. No additional perks. Proposition 33 will require no additional state spending.

CON
Vote NO. Legislators' salaries are now $99,000, plus some reimbursement for living expenses. They need no more perks. This measure, written by politicians, wipes out a key part of Proposition 140 enacted by voters in 1990 and will increase general fund costs. Vote NO on Proposition 33.

FOR ADDITIONAL INFORMATION

FOR
Yes on Prop. 33
c/o Western Group
P.O. Box 596
Yucaipa, CA 92399
(909) 795-9722


AGAINST
Lewis Uhler, President
The National
Tax-Limitation Committee
151 N. Sunrise Ave., Suite 901
Roseville, CA 95661
(916) 786-9400