Proposition 62 would repeal the death penalty and replace it with life imprisonment without the possibility of parole. It would apply retroactively to existing death sentences. It would also increase the portion of life inmates' wages that may be applied to victim restitution.
A yes vote on this measure means: No offenders could be sentenced to death by the state for first degree murder. The most serious penalty available would be a prison term of life without the possibility of parole. Offenders who are currently under a sentence of death would be resentenced to life without the possibility of parole.
A no vote on this measure means: Certain offenders convicted for first degree murder could continue to be sentenced to death. There would be no change for offenders currently under a sentence of death.
The full text of the measure is available here. Information in this article is from the California Secretary of State.