Proposition Prop. 4 - For the constitutional amendment empowering the Legislature to revise the existing Teacher Retirement System and to broaden the benefits to employees of public schools, colleges, and universities supported wholly or partly by the State, authorizing that the State's contributions for such purposes shall equal contributions by such employees and providing that they do not exceed six per centum (6%) of the compensation paid each such employee by the State or school district or the sum of Five Hundred Four Dollars ($504.00) for each year for any such employee, regulating the eligibility of such employees for retirement benefits and prescribing the manner of investing money accruing to the retirement fund.

Outcome: Adopted

Election date: 11/06/1956

Votes for: 1,350,372
Votes against: 166,788

Articles affected Article 3 : Amends §48a   

The Legislative Archive System is a work in progress. Complete information is not available for all bills and all sessions. Visit the Legislative Archive System status page for details. Please contact the Legislative Reference Library at 512-463-1252 if you have any questions. Information on this website is provided as a public service by the Legislative Reference Library. The Legislative Reference Library makes no representation as to its completeness or accuracy and makes no warranty in regard to its use. Users assume all risk of reliance on the information included on this site.