'Pension reform' group raises $6,500A group advocating for pension reform in Menlo Park has raised more than $6,500 since it formed in late January.
About 30 people have donated, many of them retirees, people who work in the financial sector, and local political players. The group is gathering signatures to put a voter initiative on the November 2010 ballot that would reduce pension payments to future non-police municipal employees.
According to a campaign finance statement filed April 20, the group had received about $6,500 in monetary and other contributions, including a $300 loan, as of March 31. It had spent about $2,400 for fees, costs, and legal advice related to launching the initiative drive.
Roughly two-thirds of the donations were for $100 or less, but there were several larger donations. The Tolles Family Trust gave $1,000. Roy Thiele-Sardina, a venture capitalist and one of the leaders of the effort, gave $500.
Lisa Whorton, also a venture capitalist, and John Berthold, a retiree, also gave $500.
Lee Duboc and Mickie Winkler, former City Council members who helped to organize the initiative, have each spent about $400 on supplies to help people gather signatures, according to the filing.