Gov. demands “pension reform” in final state budget

Governor Arnold Schwarzenegger held a press conference last Wednesday to reiterate that he will not sign a state budget agreement unless it includes provisions for overhauling the state’s public pension system.

The governor told reporters he wants public pensions rolled back to 1999 levels and is willing to wait “as long as necessary” for a budget deal that “enacts pension reform.”

CFA’s political staff continues to monitor the latest developments on this matter and will keep faculty apprised of any possible threats to our hard-fought benefits.