Assemblyman Donald Wagner (left) has introduced a bill that would cap state and local pensions.
The Irvine Republican's measure, AB 1633, would cap pensions for workers who don't participate in Social Security at $100,000 per year. Workers who do participate in the federal program couldn't receive more than $80,000 per year from a state or local pension.
The cap would apply to pensions of employees hired on or after Jan. 1, 2013. Conflicting labor contracts in effect on that date would control until they expire, then the state law would be binding and could not be undone by subsequent union agreements.
On a related side note, Bee Capitol Bureau colleague Torey Van Oot, who covered the Democratic Party Convention in San Diego last weekend tells The State Worker than Gov. Jerry Brown didn't mention the "p-word," pensions, in his speech at the confab. Brown has put a 12-point pension reform plan before lawmakers and last month asked them to "do something real" to bring down governments' employee retirement costs.
PHOTO: Assemblyman Donald Wagner / www.asm.ca.gov