ISSUE: FINANCE
Assigned To Senate Committee
AB 1054 — Would expand costly DROP-style pension double-dipping at taxpayers’ expense
OPPOSE Deferred Retirement Option Programs (DROP) are, at their core, a form of double-dipping by allowing retirement-eligible employees to simultaneously collect a pension deposited into a separate account and continue drawing a full salary for the same work. This practice is out of line with what the private sector offers and is patently unfair to...
Primary Author: Mike Gipson (D)