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California State And Public Employees Face Pension Changes

arnold.jpgNew employee's in California state and local government may be looking at big changes.

The proposed changes include:

  • Raising the retirement age from 50-years-old to at least 65 for non-public safety employee
  • Reducing pension payments
  • Cutting health care out completely for part-timers

"The savings will be in the range of $500-billion over the next 30 years," said Keith Richman, who created the ballot measure. "And really, all we're asking for is that public employees retire at the same age as those in the private sector."

Courtesy abc7.com

Posted on Thursday, August 16 by Registered CommenterWise Owl in | Comments Off