state employees

HOLLINGSWORTH BILL TO REDUCE PENSIONS FOR STATE WORKERS IS HEARD IN COMMITTEE

By Miriam Raftery
May 10, 2010 (Sacramento) – Senator Dennis Hollingsworth (R-Murrieta) whose district includes most of East County, had a hearing in the Senate Public Employees and Retirement Today on his Senate Bill 919. The measure would increase retirement age from 55 to 65 and require higher contributions from state employees to their retirement accounts. It would also require that retirement benefits be based on the highest three years of wages, instead of the highest one year.

 

The measure, which would reduce pension benefits while asking workers to pay more into their pension funds, has sparked controversy in Sacramento, drawing opposition from teachers and other state workers.