Initiative Constitutional Amendment. Provides for State Retirement Life Payments Administrator, appointed by Governor from three named persons, appointee serving until successor elected in 1940 for four years. Requires State issue retirement compensation warrants, and redemption stamps to be affixed thereon weekly to redeem warrants annually. Requires weekly issuance of at least thirty $1.00 warrants during his life to each qualified California elector fifty years of age not employer nor employed, redeemable in cash by Administrator and receivable in payment of taxes and certain other obligations due to or from State or political subdivisions.
Popular Vote Results
Y: 1143670; A: 44.9; N: 1398999; B: 55.1
Petition Campaign Committee, for Thirty Dollars a Week for Life California State Pension Plan; Willis Allen, Campaign Director; Boy G. Owens, Engineer-Economist; Carl S. Kegley, Chief Counsel
Daniel C. Murphy; Jefferson E. Peyser; Byron C. Hanna
RETIREMENT LIFE PAYMENTS California Proposition 25 (1938).