California Gov. Jerry Brown on Thursday unveiled what would be one of the nation's widest-reaching pension overhauls, a proposal that would raise the retirement age and shift more investing responsibilities to public workers.
The 12-point plan includes meshing a 401(k)-style component into newly hired workers' retirement plans, raising the age at which some future employees retire to 67 from 55 now and boosting pension contributions for current workers. Labor groups immediately expressed disapproval.
Encinitas labor groups don't have anything to worry about. Their bought-and-paid-for councilman Jerome Stocks, who voted to spike city pensions by 35% in 2005, is still stonewalling Teresa Barth's attempts to get pension reform on the Encinitas council agenda. And now it looks like he's about to appoint his longtime crony and union dream candidate Mark Muir to give the unions an even bigger council majority.