As part of his bill, Gov. Brown proposes to eliminate the option for employees to supplement their plans with extra retirement service credit. A second provision would eliminate the option for an employer or employee to suspend the necessity to contribute to a plan.
The bill also proposes:
- Eliminating the option for a government agency to pay an employee contribution to carry the normal cost of retirement benefits
- Eliminating the right of public agency to grant retroactive benefit enhancements
- Change the calculations for final compensation for new employees
- Ensure no employee who commits a felony while in service to a public agency has access to his or her pension upon retirement