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retirement | Paul Goyette Blog

Posts tagged "retirement"

CalSTRS Response To Governor Brown’s Pension Reform

by admin on October 28, 2011 • Comments Closed • association, benefits, California, CalSTRS, medical contributions, pensions, Public school rteacher, retirement, teacher

CalSTRS Response: http://www.calstrs.com/Newsroom/whats_new/pension_reform_response.aspx CalSTRS appreciates that Governor Brown has taken a very important step in addressing the critical and complex issues facing the state’s public pension systems. We look forward to receiving more detail on the proposal and having the opportunity to review it in depth. The most important reform ...Read More

Main Points of Governor Brown’s Pension Reform Plan

by admin on October 27, 2011 • Comments Closed • benefits, California, contribtutions, defined benefits, pension, PERS, reform, retirement

Main Points of Governor Brown’s Pension Reform Plan 1. Equal Sharing of Pension Costs: All Employees and Employers 2. “Hybrid” Risk-Sharing Pension Plan: New Employees 3. Increase Retirement Ages: New Employees 4. Require Three-Year Final Compensation to Stop Spiking: New Employees 5. Calculate Benefits Based on Regular, Recurring Pay to ...Read More