City of Pacific Grove Defined Contribution Retirement Act, Measure Y (November 2008)

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A City of Pacific Grove Defined Contribution Retirement Act, Measure Y ballot question was on the November 4, 2008 ballot for voters in the City of Pacific Grove in Monterey County, California, where it was approved.

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.

Election results

Measure Y
ResultVotesPercentage
Approveda Yes 4,105 56.03%
No3,22143.97%
These final, certified, election results are from the Monterey County elections office.

Ballot question

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)?"

See also

External links

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