Gov. Jerry Brown will propose sweeping rollbacks to public employee pension benefits, including raising the retirement age to 67 for new employees who are not public safety workers.
Many attendees at Carson City Hall voiced their fears that their public pensions are being unfairly targeted in these tough financial times.
Former Temple City Mayor Cathe Wilson will continue to receive pension checks even though she was convicted of perjury and bribery and was sentenced in June to four years in state prison.
Gov. Jerry Brown said Tuesday that he is making progress on pension and other government reforms but needs Republican lawmakers to agree to extend temporary taxes until a statewide special election can be held later this year.
62 percent of union households support capping the pensions of both future and current public employees in order to help balance the budget.
Thomas Mitchell, 64, pleaded guilty to a scheme that cheated retired transit operators by the Metropolitan Transportation Authority out of an estimated $7 million.
The pension fund for California’s teachers is facing a $56 billion shortfall, even as its investments are doing better than expected.
Mayor Antonio Villaraigosa’s plan for an across-the-board freeze is similar to one being considered in the state legislature.
The city manager for Costa Mesa says ballooning pension fund costs are a big reason why lawmakers may need to cut key services.
Two Orange County officials have been placed on paid leave following the discovery of a computer error that resulted in a $228 million mistake in funding for pensions for county workers.
The move comes as pension contributions are expected to double in the next decade from about $155 million to about $306 million in 2020.
California’s largest state employee union have ratified a deal calling for pay cuts for nearly 5 percent of the 95,000 government workers.
Members of the police union for the scandal-plagued city of Bell plan to release documents they say show salary, pension and other abuses committed by police officials and others.
The latest proposal to cut pension costs for the city of Los Angeles was met with cries of “pension envy” from the union for civilian workers.
If approved, sworn personnel with 20 years of service would be entitled to a pension equivalent to 40 percent — instead of 50 percent — of their average salary.