Pension Reform

Issues Update

Comparative Analysis of Pension Proposals Released
January 31, 2012
CalPERS today issued a comparative analysis of pension reform proposals outlined by Governor Jerry Brown and two planned for the 2012 California ballot. Components of Governor Brown’s pension reform proposal, Twelve Point Pension Reform Plan, were compared with two other proposals currently in the signature gathering phase, Government Employee Pension Reform Act of 2012, Options 1 and 2. Plan components such as funding, benefit eligibility limits, and plan design were compared for those proposals affecting new employees. Funding and plan design were compared for proposals affecting existing members, and other relevant components were compared for proposals affecting all employees and retirement boards. CalPERS called out where components of the proposals could be in conflict with legal vested rights for employees.

Read the comparative analysis.








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