The State Worker

Chronicling civil-service life for California state workers

July 29, 2008
Billwatch: Radio debate on opening CalPERS to private sector

In the flood of news last week about the governor's pay reduction order for state workers, you may have missed this broadcast on KXJZ about a bill that would open CalPERS to private sector retirement investments.

The discussion includes AB 2940 author Assemblyman Kevin de Leon (D-Los Angeles), Bill Duclus of the Retired Public Employees Association of California and Michael Moreno, a lobbyist with AARP.

CalPERS declined an invitation by the radio station to be part of the debate. It took a "neutral, if amended" position on the bill in May.

If you want to get more info on the bill, you can click here for the draft legislation. CalPERS' analysis is here. Remember, though, that de Leon has revised the bill since that analysis went to the fund's board.

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About The State Worker

Jon Ortiz The Author

Jon Ortiz launched The State Worker blog and a companion column in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at (916) 321-1043 and at jortiz@sacbee.com.

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