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Gov. Brown signed into law today a series of sweeping changes that he claimed are "the biggest rollback to public pension benefits in the history of California pensions."
The new legislation aims to stop rare abuses of the pension system, but also hikes the retirement age and employees' contribution amounts.
Prior to signing AB 340, Brown stated that he would renew his attack on the retirement security of more than 200,000 California state employees, stating that the current bill isn't enough and that he "didn't say this was the end".
As always, your ACSS is committed to fighting attacks on your livelihood and career.
CalPERS offers a breakdown of the impact of AB 340
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