Friday, October 28, 2011

Gov. Jerry Brown risks backlash on pension plan

The governor's proposed retirement system overhaul sets the stage for battles with fellow Democrats and his biggest supporters, public employee unions. - LA Times

Brown's 12-point plan, announced Thursday, would require that all public workers have at least half the cost of their pensions deducted from their paychecks. Most state employees already make that contribution, but many in cities, counties and school districts across the state pitch in far less.

The governor also wants future employees to receive up to a third of their retirement income from a 401(k)-style plan rather than a traditional guaranteed pension. And he urged that the retirement age for most new public workers be raised from 55 to 67.

"I try to protect working people whenever I can," said Brown, 73, "but I'm also responsible to the taxpayer and making sure we have a solvent state government."

__________________
Governor Jerry Brown
c/o State Capitol, Suite 1173
Sacramento, CA 95814
Phone: (916) 445-2841
Faxes: (916) 445-4633 Fax: (916) 558-3160
Website: http://gov.ca.gov/
Email: governor@governor.ca.gov