Gov. Jerry Brown this morning signed Assembly Bill 340, the pension reform measure that the lawmakers passed on the last day of the legislative session.
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Updated at 1:16 p.m.: From AFSCME California spokesman Willie Pelote: "Today when Governor Brown signed AB 340 he made his disdain for a secure future for public employees crystal clear. AB 340 was flawed legislation that failed to take into account the massive concessions that public employees across California have made to balance budgets at the state and local level. As if there was any doubt the Governor's comments yesterday that pension changes didn't go far enough revealed that the Governor's real intent is to take public retirement funds and hand them over to the same Wall Street gamblers who drove our economy into a ditch."
Updated at 12;12 p.m.: SEIU Local 1000 President Yvonne Walker has released a statement about the pension legislation that reads, in part, "SEIU Local 1000 has always supported smart pension reform that ensures that as many workers as possible can afford a modest level of retirement security as they grow older. We believe that, in the long-run, the solution to the retirement crisis is to expand retirement security for all workers - public and private - not whittle away at the pensions of teachers, nurses, analysts, auditors and water quality personnel."