Calif. Governor Issues Narrowed Pension Reform Package

Law360, San Diego (August 28, 2012, 10:20 PM EDT) -- Gov. Jerry Brown on Tuesday unveiled a public pension reform package without a proposal to slash retiree medical costs and other controversial measures in an effort to secure its passage by California lawmakers this week and give his tax hike initiative a boost in November.

The reform measures, which are a compromise between the Democratic governor and Democratic lawmakers, call for a $110,100 salary cap on employees who participate in Social Security that will be used as a base to calculate their pensions. The reforms also...
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