By Patrick McGreevy | Los Angeles Times — Gov. Jerry Brown came to office promising to reduce the state’s burgeoning pension costs … Saying the system is not financially sustainable, the governor has laid out a 12-point plan to change it. He would raise the retirement age, require many employees to contribute more toward their benefits and stop allowing workers to buy retirement credit for years they don’t work, among other changes. … But key parts of the plan would apply only to people hired in the future — after the overhaul passed the Legislature and became law. … “The governor’s plan doesn’t go far enough,” said Dan Pellissier, president of California Pension Reform, a group led by former state officials that is proposing a ballot measure to rein in pensions further.
Read the entire news story . . .
Receive Email Updates
Fix Pensions FirstAre you looking for Fix Pensions First -- the website of the California Foundation for Fiscal Responsibility (CFFR)? Then click on the image above, or click here.
- Public employee unions push back with lawsuits over pension reforms
- CalPERS Nets 0.14% Return on Investments for FYE 2011-2012
- Fate of ballot measures often depends on the wording
- San Jose’s pension reform ballot measure featured on CBS Evening News
- Attorney General distorts democracy to aid unions
- California Pension Reform suspends campaign
- Clamor grows to rein in California’s public pension benefits
- A $2.5 billion pension tsunami in San Mateo County