Attorney General File #: 2011-021
Tax Public Pensions Above $100,000 per Year Act
August 19, 2011
This measure amends the State Constitution to institute a new state tax on pension benefits paid to an individual by CalPERS and/or CalSTRS that exceed $100,000 per year.
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The LAO and the Department of Finance jointly prepare an analysis of the fiscal impact of each initiative prior to it being circulated for signature gathering. Information in these letters is used by the Attorney General's Office to prepare the official "title and summary" for each measure.
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