Main Points of Governor Brown’s Pension Reform Plan
Main Points of Governor Brown’s Pension Reform Plan 1. Equal Sharing of Pension Costs: All Employees and Employers 2. “Hybrid” Risk-Sharing Pension Plan: New Employees 3. Increase Retirement Ages: New Employees 4. Require Three-Year Final Compensation to Stop Spiking: New Employees 5. Calculate Benefits Based on Regular, Recurring Pay to Stop Spiking: New Employees 6. … Continue reading Main Points of Governor Brown’s Pension Reform Plan
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