Editorial: Pension Bill Good Start, But Will Not End ‘Crisis’
According to a Sacramento Bee editorial, the new public pension reform bill (AB 340) "is probably the best reform package that could have been achieved" considering "the political realities" in the California Legislature. However, the editorial states, the public "should be under no illusions" about the plan, which will "not end the pension crisis that afflicts the state, local governments and school districts." The editorial states that the bill "is just the beginning of a necessary effort to right-size public pensions in California," noting that "[m]ore may be needed."
- "Editorial: Pension Bill Not Perfect, but a Start Toward Reform," (Sacramento Bee, 8/31).