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In Inaugural Speech, Governor Brown Proposes Pension Pre-funding

Posted: 1/6/2015 Tags: budget governor pension politics retirement Tags Views: 2403 Print:

Posted: 1/6/2015

As has been much reported, the Governor will propose that state employees begin pre-funding of state retiree healthcare in his budget to be released on Friday at 10 a.m. In his inaugural State of the State speech on January 5, 2015, he makes only a vague reference to the issue. The Governor mentions in his speech, “For the next effort, I intend to ask our state employees to help start pre-funding our retiree health obligations which are rising rapidly.” More details will be available on Friday, but we are told the issue will be subject to collective bargaining. Unfortunately this puts supervisors in a difficult position and potentially affects supervisors by having more money taken from paychecks to fund pensions. ACSS will be intervening on this process on behalf of its members.

ACSS will continue to inform you on progress with this issue and bring to light the news that is important to you as managers, supervisors and confidential state employees.




1 Comments


  • Steve Campaigne 5 years 177 days ago

    We have been trying for ten years to solve the compaction issue will no results. Now the Governor wants to take even more?

    Reply

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