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Analysis of Governor's Pension Plan: Good Start, But Lots of Questions

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(Sacramento, CA)
Tuesday, November 8, 2011

The state's non-partisan fiscal analyst has reviewed Governor Jerry Brown's twelve point pension plan.  It suggests the Governor and the legislature should focus on future employee pensions. Deputy Legislative Analyst Jason Sisney says current law makes it difficult-even impossible-to implement Brown's plan to make current workers contribute more to their pensions.  

"But the Governor and legislature and voters have a chance to make changes now that would result in significant savings over the long term which could be several decades from now."

The report also notes the Governor's plan does not address funding problems-including those facing the teachers' retirement system.

The labor-backed Californians for Retirement Security agreed there are many unanswered questions in the Governor's plan-too many it says to accurately evaluate his proposals.

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