Measure L, the Menlo Park pension reform initiative, passed easily with a 72-percent “yes” vote.
Under the reform measure city employee would get in all cases, more than the Social Security payment non-public employees would receive after working the same number of years as a public employee.
Measure L raises the minimum retirement age for new public employees, excluding police officers, by five years to 60, and also decreases their maximum pension benefits by 0.7 percentage points to 2 percent of their highest annual salary averaged over three years.
Under this measure, a new hire who retired at age 60 after working for the city for 30 years would receive 60 percent of that average salary. Current employees can retire at age 55 and get 81 percent.
The measure headed to voters after a grassroots campaign organized by the Menlo Park Citizens for Fair and Responsible Pension Reform collected enough signatures to place it on the ballot. Council candidate Chuck Bernstein and Planning Commissioner Henry Riggs spearheaded the drive, along with Mr. Sardina and Ed Moritz.