SEC. 17.5.
(a) Notwithstanding Section 9 of Article I, or any other provision of this Constitution or law, a government employer may reduce retirement benefits that are based on work not yet performed by an employee regardless of the date that the employee was first hired. This section shall not be interpreted to permit the reduction of retirement benefits that a public employee has earned based on work that has been performed, which shall continue to be subject to the protections of Section 9 of Article I. (b) For the purpose of this section:
(1) “Government employer” means the state, or a political subdivision of the state, including, but not limited to, counties, cities, charter counties, charter cities, a charter city and county, school districts, special districts, boards, commissions, the Regents of the University of California, the California State University, and agencies thereof.
(2) “Retirement benefits” means defined benefit pension plans, defined contribution plans, retiree health care plans, or any form of deferred compensation offered by a government employer.