POLITICSCALMATTERS
California unions want to unwind a landmark pension reform. Who will foot the bill?
California unions supported Gray Davis's 1998 gubernatorial campaign, leading to pension and unemployment insurance benefit increases that became unaffordable during the 2008 recession. Jerry Brown later enacted pension reforms in 2012 to address financial shortfalls, but unions now seek to reverse those changes.
Mentioned
Gray DavispersonJane HarmanpersonAl ChecchipersonDan LungrenpersonGarry SouthpersonJerry BrownpersonArnold SchwarzeneggerpersonXavier BecerrapersonTom SteyerpersonCalifornia Public Employee Retirement SystemorganizationCalifornia State Teachers Retirement SystemorganizationCalifornia Public Employees Pension Reform Acttopic
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