CAPS STATEMENT ON CHANGES TO STATE PENSION SYSTEM

August 28, 2012

SACRAMENTO, Calif. – Following today’s announcement that Governor Brown and legislative leaders have reached an agreement on sweeping changes to the state pension system, California Association of Professional Scientists (CAPS) President and state scientist David Miller released the following statement.

“CAPS long ago agreed to changes that help make California’s pension system sustainable for generations to come,” Miller said.  “This one-size-fits-all solution is not the best approach.  Public employee groups statewide must have the opportunity to collectively bargain changes to their retirement benefits, just as CAPS has done.”

The current CAPS Memorandum of Understanding (MOU) includes increased employee retirement contributions and a reduced pension formula for new hires, among other things.

If you have any questions, please contact Ryan Endean at the CAPS Sacramento office at (916) 441-2629 or rendean@capsscientists.org 

About CAPS

CAPS represents nearly 3,000 state employed scientists working in over 30 state departments in 230 scientific classifications.  CAPS members protect the public from life threatening diseases, safe guard our wildlife and abundant natural resources, and protect our air and water from toxic waste and pollution.  More information at www.capsscientists.org.

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