The 2012 pension plan from Governor Jerry Brown and from California Pension Reform (CPR) legislation, involves a twelve-point plan to a fair but sustainable “provide income security plan.” The plan is that the reform applies to all new state, local, school, and other public employees and to current employees as permitted by law. The twelve points can be grouped into three broad areas: Benefit reductions • Contribution increases • Governance. • The Governor Brown’s proposal provided only modest cost savings because the proposed ban on pension holidays, as is a
The 2012 pension plan from Governor Jerry Brown and from California Pension Reform (CPR) legislation, involves a twelve-point plan to “provide a fair but sustainable income security plan.” The plan is that the reform applies to all new state, local, school, and other public employees and to current employees as permitted by law. The twelve points can be grouped into three broad areas: • Benefit reductions • Contribution increases • Governance. The Governor Brown’s proposal provided only modest cost savings because the proposed ban on pension holidays, as is a
State%20Legislative%20Battle%20Over%20Public%20Pensions.docx