Attacks on Public Employee Pensions & Benefits
AFSCME is proud to represent over 180,000 state, county and municipal employees and retirees that share a common commitment to public service and who have invested in a sound public retirement system for their financial security. Unfortunately, legislation introduced this year by some legislators sought to needlessly undermine public employees’ hard-earned pensions and benefits. Our members who spend their lives serving the public across the state whether it be by driving our kids to school, maintaining our streets and roads or processing Medi-Cal claims have already made great sacrifices at the bargaining table for the health and sustainability of California's public pension system.
AB 1310, introduced by Assemblymember Travis Allen, would have duplicated existing law and required the board of a public retirement system to disclose the unfunded liability and healthcare debt of the system on each statement provided to their members. Not only is this information readily available to all members of CalPERS and CalSTRS online and in their publicly available annual reports, it would inappropriately allocate funds administered by CalPERs for purposes not solely to the best interests of its members.