OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: Pensions

Issue Position

Date: Jan. 1, 2015
Issues: Senior Citizens Entitlements and the Safety Net Taxes

Government has an obligation to ensure pension systems like CalPERS and CalSTRS are sustainable and solvent. But the legislature has punted this issue down the road, and pension debt has become one of the biggest threats to California's financial health.
I've served on one of the largest county retirement boards in the state and nation. There are a number of areas where common sense modifications taken now could assist in assuring the sustainability of public employee defined benefit pension plans, while also protecting California taxpayers.
Assuming that this lurking financial obligation will take care of itself is not a solution.


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