A controversial proposal to reform Ventura County employee pension plan has qualified for the November ballot.

The proposal easily exceeded the 26,000 verified signatures it needed to make the ballot.

Proponents gathered more than 40,000 signatures, with 32,000 verified as valid.

The proposal calls for shifting county employees from a traditional pension retirement system to a 401k style plan, a move which backers say will mean substantial savings to taxpayers.

It would be phased in with new hires.

It would also put a five year freeze on the pension rate for a number of current county employees.

But, opponents contend it will make it harder to attract, and retain new hires, especially for job like public safety.

County Supervisors can outright adopt the proposal as an ordinance, put it on the November ballot, or ask for a study before they make a decision.

http://www.kclu.org/2014/06/02/controversial-ventural-county-pension-reform-proposal-qualifies-for-ballot/