Pension reform passes in Senate

An SEIU-supported bill to end spiking and double-dipping passed the California Senate 35-0. The bill, AB 340, now goes back to the Assembly. (The Assembly already passed a version, but the Senate made changes the Assembly must approve.)

The bill affects “37 Act” counties, which run their own retirement systems rather than joining the CalPERS. Those counties include:

  • Fresno
  • Kern
  • Merced
  • San Mateo
  • Stanislaus
  • Tulare

For more on the bill, check out the Sacramento Bee’s coverage.

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