Gov. Jerry Brown’s newly unveiled plan for a sweeping overhaul of the state’s pension system seeks rollbacks that are deeper than what the Democratic governor proposed in the spring, and risks putting him at odds with the very unions that helped power his return to the statehouse last year.
Brown outlined his long-term vision for turning around California on Thursday with his plan to move new state workers to a hybrid retirement system where guaranteed benefits are combined with a 401(k)-style plan. Civil state employees hired after the plan takes effect would be eligible for full retirement benefits at 67, instead of 60. He also wants current employees to contribute at least half of the cost of their pension benefits.