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CSR | Political Activity

Pension rollbacks part of proposed California budget

Posted Oct 08, 2010 by    0 Comment(s)  0 Likes Like Dislike

State workers hired in mid-November and later will have to wait longer to get their pensions – and those pensions will be smaller – under terms of the budget bill lawmakers plan to vote on today.

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California Legislature heads toward passage of a budget

Posted Oct 08, 2010 by    0 Comment(s)  0 Likes Like Dislike

On the 99th night of the fiscal year, California lawmakers were still debating late Thursday whether to pass a budget, already the latest spending plan in state history.

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SEIU, Schwarzenegger agree to labor pact with pension concessions

Posted Oct 07, 2010 by    0 Comment(s)  0 Likes Like Dislike

The Schwarzenegger administration and Service Employees International Union Local 1000 have just announced a tentative labor agreement that includes higher employee contributions to their retirement plans and rolls back pension formulas for new hires to pre-1999 levels.

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