Californians for Retirement Security www.LetsTalkPensions.com
For Immediate Release: Tuesday, November 8, 2011
Contact: Steve Maviglio, pensionfacts@gmail.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it
 
Californians for Retirement Security Statement on LAO Analysis of Governor’s Pension Proposals

Following is a statement by Dave Low, chairman of Californians for Retirement Security, a coalition representing 1.5 million public employees in California, on the Legislative Analyst’s Office review of Gov. Jerry Brown’s pension proposals:

"The LAO's mixed assessment of the Governor's pension proposals hits the nail on the head when it says that the Legislature should move forward in a deliberate and reasoned fashion to craft solutions to California's complex pension systems.  There are far too many unanswered questions and lack of details to fairly and accurately evaluate the impact of these proposals.  Those proposals that impair the negotiated benefits of current employees are a legal dead end. As the report points out, these are matters that should be settled at the bargaining table, not in courtrooms. We will continue to work in the upcoming Legislative session, just as we have for the past several years, to achieve the spirit of the Governor's reforms without taking a wrecking ball to the retirement security of California's teachers, firefighters, police officers, and other public workers."

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