Courtesy of the San Diego County Taxpayers Association
The San Diego County Taxpayers Association (SDCTA) is keeping a close eye on several significant changes to public employee pensions expected to impact state and local governments starting next year.
Several stem from Assembly Bill 340, or “Public Employees’ Pension Reform Act of 2013.” The bill, recently signed by Governor Jerry Brown, impacts new state and local public employees enrolled in CalPERS and the pension benefits they receive. SDCTA prepared a brief summary comparing the changes to current law, as well as to initial pension reforms Governor Brown suggested.
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