Gov. Jerry Brown has reached a deal with lawmakers on a pension reform package. Changes include requiring new hires to pay 50 percent of their pension costs as well as an increase in the retirement age. The full California Legislature will vote on the measure on Friday, Aug 31.
Deal Reached on Public Employee Pension Reform
Marty Morgenstern, secretary of the California Labor and Workforce Development Agency and Gov. Jerry Brown's senior adviser on pensions
Dan Borenstein, columnist and editorial writer for the Contra Costa Times
Mimi Walters, Republican State Senator of California's 33rd district which covers portions of Orange County, and is the Republican candidate for California State Treasurer
Dave Low, chairman of Californians for Retirement Security which represents 1.5 million public employees and retirees