Legislative News

CalPERS Urges Prefunding of Retiree Healthcare

Posted: 12/17/2014 Tags: health insurance retirement Tags Views: 2315

Posted: 12/17/2014

CalPERS has joined State Controller John Chiang in supporting prefunded healthcare plans for California retirees to supplement future health care needs. Chiang, who is also a member of the CalPERS Board of Administration, issued a press release on 12/16/14 noting a $71.8 billion unfunded retiree healthcare liability for California.

Prefunding retiree healthcare is a fiscally prudent move to help close the unfunded liability gap in health care for the State’s retirees. CalPERS optional California Employers' Retiree Benefit Trust (CERBT) Fund is helping employers at all levels take a proactive step to ensure the long-term sustainability and security of health benefits for their retirees.

The fund has 439 participating employers, including the State of California, which contributes for (three) employee bargaining units that took the proactive step of agreeing to prefund health coverage for their members. The CERBT fund is currently valued at more than $4 billion and is currently the largest Other Post-Employment Benefits fund in the California.

View the CalPERS Press Release here with additional information links.

View the State Controller Chaing's Press Release.

Comments 0 Comments

CalPERS Public Pension Study

Posted: 12/8/2014 Tags: pension Tags Views: 2760

Posted: 12/8/2014

CalPERS releases a study by the National Institute on Retirement Security entitled, "Still a Better Bang for the Buck." This was an update on the Economic Efficiencies of Defined Benefit Pensions. Download the study here (PDF, 3MB). In addition, here is a web address where you can access this same study:


Comments 0 Comments

“Stubborn, Persistent” Mayor Chuck Reed Attacks Pensions Once Again

Posted: 11/19/2014 Tags: pension politics Tags Views: 2760

Posted: 11/19/2014

It is unfortunate news to ACSS that San Jose Mayor Chuck Reed is once again ramping up his unreasonable efforts to attack pensions in statewide initiatives planned for 2016.

CalPERS comments that changes to the pension benefit levels should be determined by the employer and the employees, not at the ballot box. It is painful for unions and workers that local governments move motions based on the special interests that paid them to get them in office.

Reed argues that the number of CalPERS retirees with six-figure pensions has tripled since 2006 and pension debt for local governments is expected to increase by as much as fifty percent over the next five years. Reed contends that something has to give. Reed says, “For me, it is unfinished business. I am stubborn, persistent, whatever you want to call it.”

Reed mentions that the retirees are the folks that should have the least impact because they are already retired. And he goes on to focus fiscal pension reform on current employees because they have the most capacity to earn. “The younger employees understand that it’s something that’s not sustainable and they are the ones who are going to get hurt.” says Reed.

What are your thoughts on this issue as supervisors, managers and excluded employees? Comment on this article.

Comments 0 Comments

BREAKING NEWS: Governor Brown Vetoes SB 216

Posted: 9/30/2014 Tags: compaction governor legislature politics salary Tags Views: 4511

Posted: 9/30/2014

In a letter to members of the California State Senate, Governor Brown returned SB 216 without his signature. Brown agrees that salary compaction is a serious issue that hurts managerial-level employees and must be dealt with, but he chose not to sign this bill because he believes that SB 216 is not the best method to resolve the problem of compaction at this time. In his veto letter, he states that he understands that the intent of this bill is to ensure that the salaries for managerial employees are higher than the employees they supervise. His administration has made progress on this issue within the past 12 months and will continue to meet with ACSS to discuss compaction issues.

ACSS has worked hard for over 15 years on the issue to resolve compaction. We have discussed compaction with several California governors and their administrations. These dialogs have bore little fruit as various administrations have consistently placed other interest and other state employees before supervisors and managers. While the Brown Administration has addressed one or two instances of compaction these efforts are too few and far between.

ACSS is pleased to see the Governor’s statement that his administration will continue to discuss compaction issues with us. However ACSS and state excluded employees do not want or deserve another 15 years of circular discussion and inaction.

Our next meeting with CalHR is on October 6th, 2014. ACSS continues to commit to resolving the issue of salary compaction faced by its members and, as always, will continue to inform you on progress with these efforts.

Click here to view the veto letter from the Governor.

Comments 0 Comments

SB 216 Heads to the Governor

Posted: 8/29/2014 Tags: compaction governor salary Tags Views: 3752


ACSS is pleased to report that SB 216 (Compaction - Public employment: salary ranges) was taken up by the Senate and passed with clear bi-partisan support on a 35-0 vote today, the 29th of August, 2014. The Senate approved the amendments to the bill made by the Appropriations Committee a few weeks ago. Last week the Assembly also unanimously voted in favor of the bill. SB 216 now heads to the desk of the Governor, where we eagerly await to hear the fate of this much-anticipated bill to end the issue of salary compaction.

For years, ACSS has been a staunch supporter of Governor Brown and his programs. We now urge the Governor to stand behind the managers, supervisors, and members of ACSS that are so valuable to the State of California, and sign SB 216. Governor Brown has until September 30, 2014 to take action on the bill. ACSS is committed to finally resolving the issue of salary compaction faced by its members. As always, we will update you as these efforts continue.

Comments 0 Comments

1 ... 21 22 23 24 25 26 27 28 29 30