Read Jerry Brown’s letter calling for CalPERS to immediately raise employer contribution rates
02/05/2014 3:29 PM
02/05/2014 4:07 PM
Gov. Jerry Brown, citing statistics showing that government employees are living longer and driving up pension costs, has challenged CalPERS to increase employers’ contributions to the fund instead of following a staff recommendation to delay raising rates for two years. Waiting, he says, merely adds to the fund’s debt.
(Worth noting: Brown’s 2014-15 budget proposal puts off addressing the teachers’ retirement system’s growing unfunded liabilities until 2015-16.)
About This BlogJon Ortiz launched The State Worker blog in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at email@example.com or 916-321-1043. Twitter: @TheStateWorker.
Join the Discussion
The Sacramento Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.