AirTalk

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Rollbacks to California state employee pensions

by AirTalk

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Firefighters for Cal Fire watch for hot spots. If a pension rollback deal is accepted, new firefighter hires would have to wait 5 years longer to retire. David McNew/Getty Images

Four unions representing state employees in California, including firefighters and CHP officers, have agreed to pension rollbacks. New hires will have to wait five years longer to retire, and current employees will have to immediately up their contributions to at least 10% of their salary. In exchange, the 23,000 works affected would no longer face furlough days. Will the union membership approve of the deal? Will this quid pro quo approach help patch California’s gaping budget gap? And will other unions sign on?

Guest:

Shane Goldmacher, Staff writer for the LA Times in the Sacramento Bureau

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