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MORE GROUPS JOIN BOYCOTT OF GREAT WESTERN OVER WILSON INITIATIVE: MILLIONS OF DOLLARS TRANSFERRED

 MORE GROUPS JOIN BOYCOTT OF GREAT WESTERN
 OVER WILSON INITIATIVE: MILLIONS OF DOLLARS TRANSFERRED
 SACRAMENTO, Calif., June 16 /PRNewswire/ -- Employee groups throughout California are turning up the heat on Great Western Bank over its $25,000 contribution to the governor's so-called Taxpayer Protection Act said the California State Employees Association. The Act would give the governor widespread power to alter the budget and reduce the pay of state workers.
 A two-month old boycott of Great Western by The California State Employees Association has expanded to include organizations representing some 500,000 public and private sector workers statewide. The announcement came at a news conference in front of Great Western's downtown Sacramento location today.
 The boycott, which was endorsed by other state employee groups, has expanded to include members of the California School Employees Association, The American Association of School Employees and the Service Employees International Union.
 CSEA President Yolanda Solari also announced that state employees have transferred more than $24 million in deferred compensation -- or $809,852 on a daily basis -- since the boycott began on April 23.
 "It's ludicrous to think state employees would entrust their retirement savings to a bank that takes food off their tables and clothes off their back," Solari said.
 "We're sick and tired of corporations that use our money to curry political favor, without regard to their customers," said Terry Drought, president of the American Association of Classified School Employees. That organization withdrew more than $58,000 from Great Western last month.
 "The Wilson initiative castrates the Legislature and gives totalitarian, dictatorial power to the governor. It makes Pete Wilson California State Budget Czar," said Steve Araujo, president of the California School Employees Association.
 -0- 6/16/92
 /CONTACT: Pat McConahay of California State Employees Association, 916-326-4379/ CO: California State Employees Association ST: California IN: SU:


MM-RM -- SF011 -- 0736 06/16/92 14:14 EDT
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Publication:PR Newswire
Date:Jun 16, 1992
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