“In FY 2024–25, half of cities are anticipated to pay over 30.8 percent of their payroll towards miscellaneous employee pension costs, with 25 percent of cities anticipated to pay over 37.7 percent of payroll,” said the study. (see chart) For safety or police and firefighters: “By FY ...
Gov. Brown’s pension reform, AB 340, took effect in January, giving new hires smaller pensions and raising some employee contributions. Voters in San Diego and San Jose approved more sweeping pension reforms last June. Both measures attempt to cut pensions earned by current workers in the futu...