COVID19 Exemptions and Mandates in the Workplace - Flat Fee Consultations

Main Points of Governor Brown’s Pension Reform Plan

by | Oct 27, 2011

Main Points of Governor Brown’s Pension Reform Plan

Main Points of Governor Brown’s Pension Reform Plan

1. Equal Sharing of Pension Costs: All Employees and Employers

2. “Hybrid” Risk-Sharing Pension Plan: New Employees

3. Increase Retirement Ages: New Employees

4. Require Three-Year Final Compensation to Stop Spiking: New Employees

5. Calculate Benefits Based on Regular, Recurring Pay to Stop Spiking: New Employees

6. Limit Post-Retirement Employment: All Employees

7. Felons Forfeit Pension Benefits: All Employees

8. Prohibit Retroactive Pension Increases: All Employees

9. Prohibit Pension Holidays: All Employees and Employers

10. Prohibit Purchases of Service Credit: All Employees

11. Increase Pension Board Independence and Expertise

12. Reduce Retiree Health Care Costs:

State Employees Savings will be in the neighborhood of $900 million per year to the State.

Papers used by a Sacramento Wage Claim Lawyer

Contact Us for a Free Consultation

916.851.1900

Recent Post

Managing the Adverse Impact on PEPRA Employees

Mar 7, 2022 | Labor & Employment,

Managing the Adverse Impact on PEPRA Employees The Public Employee Pension Reform Act of 2013 (P...

PORAC LDF Rolls Out Plan VI Coverage Details

Feb 25, 2022 | Labor & Employment,

PORAC LDF Rolls Out Plan VI Coverage Details As you are aware, the passing and subsequent signin...

COVID-19 Supplemental Sick Leave Bill Signed by Governor Newsom

COVID-19 Supplemental Sick Leave Bill Signed by Governor Newsom It’s official, Supplemental Si...

Governor Newsom Extends Supplemental Sick Leave

Governor Newsom Extends Supplemental Sick Leave Governor Newsom announced today that an agreemen...

REQUEST A FREE LEGAL CONSULTATION

Contact Goyette, Ruano & Thompson for a free consultation. We will respond right away and work with your budget.