California Pension Panel Report Urges Lower Benefits for Government Employees

CalSTRS issued the following response to a Little Hoover Commission Report on public pensions that was released February 24:

Any recommendation that weakens the financial security of our members, who are entirely reliant on CalSTRS for their retirement income, will not advance the discussion of constructive solutions. This includes recommendations that suggest breaking long-held legal decisions protecting vested pension rights.

California Pension Panel Report Urges Lower Benefits for Government Employees

California's state and local governments should roll back pensions for current employees, dump guaranteed retirement payouts and put more of the burden for pension benefits on workers, a bipartisan watchdog commission said Thursday.

Read more at The Sacramento Bee