Calif. Lawmakers Send Pension Reform Bill to Brown
Most savings come from future hires, does little to address current unfunded liabilities
Over loud objections from organized labor and Republicans, the Legislature has approved a state and local public pension overhaul package that rolls back benefits for future hires while raising what those workers and current employees contribute to their retirements in coming years.
Lawmakers sent the bill to Gov. Jerry Brown on a 38-1 vote in the Senate and 48-8 vote in the Assembly. Democrats, who control majorities in each chamber, barreled ahead with the vote just ahead of the end-of-session deadline after issuing language for the measure Tuesday evening.
