GOVERNOR SENDS PENSION REFORM TO LEGISLATURE

Governor Brown delivered the proposed language for his 12-point pension reform plan to leaders of the state legislature’s Conference Committee on Public Employee Pensions.

In a letter to the Legislature, the governor states that “current benefits, contributions and retirement ages don’t reflect the changing demographic realities we face and are not sustainable. Continuing these plans in their current form will put taxpayers on the hook for substantial costs now and in the future. Urgent and decisive action is imperative.”

Click here to read the Governor’s 12-point plan. And hold on tight just in case the Legislature actually makes any urgent and decisive actions.