Little Hoover: cut current workers’ pensions
Commission says high legal barriers must be challenged
The Little Hoover Commission is urging that the Legislature substantially cut future benefits of current public employees, including teachers and other unionized school employees, as the centerpiece of pension reform – an option that it says is financially critical though tenuously legal.
It’s also recommending that state and local pension programs covering half of public workers not now paying into Social Security consider joining the federal systems as a way to reduce pension obligations – a move that CalSTRS, serving 852,000 teachers and school administrators, has rejected.
With the release Thursday of its report on public pension system reform, the bipartisan Commission is assured maximum impact. Pension reform could dominate debate in the
