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CA: Pension Plan Ballot Initiative

SACRAMENTO, Calif. (AP) - San Jose Mayor Chuck Reed says he's not giving up on a proposed ballot initiative that would give local governments more leeway to cut public employees' pension plans, despite losing a court challenge this year. Reed, a Democrat, told the Sacramento Press Club Thursday that he will pursue the proposal for the 2016 ballot. He and a group of other California mayors had hoped to put it on the November ballot, but they lost their lawsuit challenging Attorney General Kamala Harris' description of the initiative. The mayor says he will appeal the judge's ruling. Steve Maviglio, a spokesman for unions opposing the plan, says Reed has been unable to get sufficient backing and that financing for his initiative and the political climate will be less favorable for him in 2016.

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