The issue of pension reform in California is heating up.
In various municipalities, efforts are underway to change how public employee pensions are funded. For example, in San Francisco voters are being asked to decide between several plans.
Governor Brown has unveiled his plan, which is summarized in this piece in the Sacramento Bee, “Jerry Brown’s Pension Plan Explained:
http://www.sacbee.com/2011/10/28/401302 … ained.html
Pension reform could have consequences for California’s workers’ comp system. I’ve been told by several California workers’ comp judges that they would likely retire if affected by pension reforms.
But the question with pension reform is not if but when and how.
That’s why I noted an interesting piece by Joel Fox in his “Fox and Hounds” blog, titled “Pension Reform Strategy Echoes Workers Comp Reform of 2004”:
http://www.foxandhoundsdaily.com/2011/1 … m-of-2004/
Many of us have seen this movie before.
Category: Political developments