City of Pacific Grove Defined Contribution Retirement Act, Measure Y (November 2008)
Measure Y was an advisory vote. It was about whether the city should replace the defined-benefit retirement plan (California Public Employees' Retirement System) used by city employees with a defined-contribution retirement plan along the lines of a 401 (k) plan.
- These final, certified, election results are from the Monterey County elections office.
The question on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|Measure Y: "City of Pacific Grove Advisory Measure: Should the City of Pacific Grove replace its existing employee’s defined-benefit retirement plan (California Public Employees’ Retirement System, or Cal PERS) with a defined-contribution retirement plan (similar to an Internal Revenue Code section 401 (k) plan)?"|