Resources tagged 'Pensions'
LAO analysis of pension reduction initiative
This is the summary from LAO:
This measure provides that public employee defined pension benefits in California can only allow for "full retirement ages" of 62 years of age or older. This provision of the measure states that it would apply to public employees who are employed on the day after this measure is approved by the state's voters, notwithstanding the Contract Clause of the State Constitution.
Read the Full Document Page 1 of 1
