AB 1383 – Increases pension benefits without providing any new funding

Introduced Feb 21, 2025
Status: Assigned To Senate Committee

52%

48%

Summary

OPPOSE

 

AB 1383 increases pension benefits for public safety employees and potentially reduces the contributions they will be required to make to their pension plans without providing any new funding. As a result, it will further compromise the solvency of CalPERS and other pension systems around the state.

Full Bill Text

Read CPC’s Letter of Opposition

Read Reason’s Fact Sheet on AB 1383

Read Lance Christensen’s Oped on AB 1383

Read Reason’s Analysis of the California Public Employees’ Pension Reform Act of
2013

Read Jerry Brown’s Twelve Point Pension Reform Plan

Read California Crowd-Out: How Rising Retirement Benefit Costs Threaten Municipal Services

Last Action

Passed out of Assembly. Referred to Senate Labor, Public Employment and Retirement Committee.