Wednesday, October 26, 2011

Stand By

As prior posts on this blog have noted, Gov. Brown has a public pension plan proposal – but no one quite knows what it is and whether, more specifically, it will cover UC (and possibly override the Regents’ pension revision of December 2010).

Excerpt from Capitol Alert late yesterday:

Gov. Jerry Brown will give lawmakers his plan for pension changes on Thursday, the governor said in a letter to legislators this afternoon, though it remains unclear what Brown will propose.

"Given the paramount importance of pensions to both taxpayers and public employees, it is absolutely critical that we carefully examine our current assumptions and practices," Brown said in a letter to Sen. Gloria Negrete McLeod, D-Chino, and Assemblyman Warren Furutani, D-Gardena. "We have to do our best to make sure that we have a system that is fair and truly sustainable over the long time horizon that our pension and health systems require." The Democratic governor has said for weeks that he would propose pension changes this fall. He recently said some of them will require a constitutional amendment and a vote of the people.

Full article at:

So we’ll just have to wait until tomorrow:

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