“While
the proposal that appeared before the legislature today represents a
first step toward reform, it falls far short of putting California’s
public pension system on a sustainable path. This plan will end some of
the system’s most publicized abuses, but the savings realized will only
provide pennies on the dollar in terms of what is truly needed for
reform. The Governor released his blueprint for pension reform over 10
months ago, yet the proposal voted on today was finalized only 76 hours
ago without enough time for thoughtful analysis.
“I
encourage Governor Brown to convene a special legislative session this
fall so Republicans and Democrats can work together to craft true
pension reform in a transparent way that adheres to the legislative
process. We owe California taxpayers and those who will rely on public
pensions in the future long-term solutions instead of a temporary
band-aid on the problem.”
