When Jerry Brown was elected Governor in 2010, he went to the Legislature to gain support for his 12 point pension overhaul plan. The Legislature passed some of Brown’s proposals but rejected the bigger cost-saving proposals. Pension costs are expected to reach $11 billion when Brown leaves office in 2019, which is almost double the cost in 2011. Critics say that the Legislature has no intention of making the hard decisions to rein in pension costs to alleviate the burden on taxpayers.
Click here to read the article.