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Contra Costa Taxpayers Association

Governor Brown Playing Pension Games

21 Feb 2012 6:12 AM | Jessica Wagner-Weir (Administrator)
Ed Mendel reported in his Calpensions blog that Governor Brown proposed to reduce pension costs in the state budget by switching some of the expense to the California State University budget. This is part of the Governor's proposal that would freeze support for the CSU and University of California pensions - a cost the systems could ill afford at this point.

The nonpartisan Legislative Analyst’s Office said CSU would be faced with a potential burden “out of proportion” to its limited ability to control future pension costs. “For this reason, we recommend that the Legislature reject the governor’s approach,” the analyst said in a report this month.

The rest of Mendel's excellent article can be found at: http://calpensions.com/2012/02/21/proposed-budget-shows-lower-calpers-payment/

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