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Difference between revisions of "City of Pacific Grove Defined Contribution Retirement Act, Measure Y (November 2008)"

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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.
 
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.
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==Election results==
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{{Short outcome
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| title = Measure Y
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| yes = 4,105
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| yespct = 56.03
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| no = 3,221
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| nopct = 43.97
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| image =
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| unresolved =
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| state = Local
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| percent = 50.0
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}}
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:''These final, certified, election results are from the [http://www.montereycountyelections.us/statements/20081104sov.pdf Monterey County elections office].''
  
 
==Ballot question==
 
==Ballot question==

Latest revision as of 20:16, 25 December 2012

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:

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)?"[1]

See also

External links

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