Headline

With budget talks stalled, Brown releases pension reform plan

Jerry Brown

Just two days after the governor declared negotiations were dead with Republican lawmakers on getting his tax extensions to voters, Gov. Jerry Brown issued a 12-point “pension reform” plan.

View Brown’s proposal on pensions.

Republican lawmakers have long sought “Pension Reform” – along with myriad other demands – in exchange for votes to place tax increase extensions before voters.

The first seven items on his 12-point plan seek to end abuses or tighten pension funding rules. The last five involve more systemic changes and are listed as “under development.”

CFA is studying the implications of Brown’s proposals for CSU faculty.