07
Aug
2012

Steinberg says labor allies won’t be happy after California achieves pension reform

Categories: California Developments
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Senate President Darrell Steinberg promises that public pension reform will happen by the end of August. Democrats want to include a cap on benefits and possibly a hybrid plan for new employees with a 401k-style component. Gov. Jerry Brown also wants to raise the retirement age.

“Steinberg says labor allies won’t be happy after California achieves pension reform”

By Steven Harmon

Bay Area News Group

08/07/2012

“Senate President Pro Tem Darrell Steinberg said Monday that legislative Democrats will deliver on “comprehensive” pension reform over the next four weeks, even if their labor allies don’t like it. “Will it cause some discomfort and unhappiness? Yes. Do you sometimes disagree with your allies and friends to do what you think is the right thing? Yes,” Steinberg told reporters after legislators returned from a month long summer recess.”

Read the full article here…

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