Informational Hearing Regarding CalPERS Set for June 28 in State Capitol

In response to CalPERS’ recent and unprecedented decisions to reduce benefits for retirees from several public agencies that failed to make their required contributions to CalPERS, California Assembly member Freddie Rodriguez (D) and California Senator Richard Pan (D) have scheduled an informational hearing on the subject of “CalPERS Contracting with Participating Employers (Cities, Towns, Counties, Special Districts, Joint Powers Authorities, Nonprofits, and Others).” This hearing will be conducted jointly by the California State Assembly Committee on Public Employees, Retirement, and Social Security and the Senate Public Employment and Retirement Committee. It is scheduled for Wednesday, June 28, 2017 from 10:30-1:00 in Room 127 in the State Capitol.

According to the California Special Districts Association (CSDA), the hearing “will include several panel discussions from representatives from public agencies with an opportunity for public comment, where it is anticipated that numerous individuals whose benefits have been reduced will talk about the impacts of their benefit reductions.”

Categories: Public Pensions

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