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

From Ballotpedia
Revision as of 20:06, 25 December 2012 by Polycal (Talk | contribs)

Jump to: navigation, search
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.

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

BallotpediaAvatar bigger.png
Suggest a link


Cite error: <ref> tags exist, but no <references/> tag was found