Public pension reform bill inked
September 12, 2012
Gov. Jerry Brown Tuesday called the state’s public pension system “a big ship” which is slowly being turned in the right direction by reform legislation he’s set to sign. (Sacramento Bee)
But faced with complaints that the pension reduction bill did not go far enough, the governor said it is “the most that could be gotten” at this time. Republicans joined in supporting the measure but added to the chorus for more significant changes.
Under provision of the new law, employees will pay at least half the cost of their pensions. Unions will five years to incorporate the increase as contracts are renegotiated.
“Is it enough? No,” Brown told Bay Area editorial writers.
When participants suggested that the new bill doesn’t go far enough toward meaningful reform, Brown said, “Let’s get real here, folks. You’re sitting around this table writing stories or thinking thoughts. I am in Sacramento. I’ve got to get things done. I didn’t say this was the end” (of any effort to reduce pension costs).