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HomeMy WebLinkAboutAssemblymember Michael Allen; Pension Reform08/17/2012 17:05 FAX STATE CAPITOL 1'°Cr. DOD 9421 43 :3A(:,r11ACu13=t`7IO C';r'A 9,'-;!W;HX)07 M.f.C.RfAL:,L ALLEN AM,ISTANT MA.iORRY FLOOR Lr:ADF-'.Il Ati;k;E r+if:iLY'rvllrIvSr:4!-R !.,I VI N i H r1'.!•; f f•115,:'1' August st '1.7, 2012, Sari Rafael City Council City of San Rafael 1400 51}' Avenuc San Rafael, CA 94901 Honorable Mayor aired City COLIndl; Ia002/003 COMM1TTE(.3 rSL11��,:Iti:.l. AND t::i7R'-I.JM Ti PH ir::f:;I 1ON A)IOH ANi) I hflsti.E.}vMl:.h.rT' ki ll;)r A- !' : f —1,11 10TATE ACriAiln SI RAIi m SELECT CCIMMITTt T -S GI Wn '.r rCrri 1.101,f'ITAr., ;;AE• I" I Y After much analyis acid discussion of elle rived for State peositn reform, the end of the legislative session represents our be-st chance to take action. As a1 mernber of the .Joint Legislative Committee on i'ensions, 1 have worked diligently Since the inti-OdUc:tiOrl of the Governor's twelve -point proposal to examine our current public pensions systems. We have reviewF'd the offi(.,:1Cy or rec Brit reforrirll,, the beriefits and problen')s associated with each indopende.nt. systern, ,Ind options going forward to help brinf; stability 1:0 the systems in a way that is fair to troth the resIld(mv; of California and tho public. employees that serve them. They Governor's plan will be recognizable in flee legislature's proposal and will include the elimination of tile: most Ogrekdous abuses within the system, soca) as pension spikinf; and doable clippie€5, hiowever, it is nay belief that we will go even further sand take a comprehensive iippro .ich that will provide additional tools to local governments wind provide €yrLatt r flexibility, such as Cquitabie Cost si't,3rfn€;, increased retirelLI.I(titl't ri[ (?r and Irll�lit' Can }}iilnr'ltd Ci�4E�t1s for hybrid systerns that rneet local Lmvernment needs, As the legislature begins to weigh in on this complex issue, l want to ensure that the voices of our Inrii ri#ins are clearly heard thr'ouFhout the hulls of the Mate Capitol. For that reason, 1 ani requesting that the City of San Rafael aclopt a resolution reaffirming, your F,upport of statewide pon ion reform efforts, and to lend your voices to my own in order to urge the ll='€;isk)turo to arrive nt an a greerne?nt on this critical Nsue bc4fore ihte end of thr`i legislative session. Left kinchockl`d, the rising public pension costs will threaten every level of California Fovernrrlent's fiscal solvericy and ,ever(dy weaki.,n oUr ecor)or7tic standing in the world, Tough decisions are required to reverse this tread and stabilize California's financial Footing. State It-aders need to hear from local governments and be roe-iinded of the consequences of inaction on comniunitie; And economies, DISTRICT OFTICC t '�A;"7 In fl(> vA. (:A ('7(7) Ci,S1;,,7Ci!`C7 rAX 1",CS7i G�4G-:]{i;f! 1040 MAN ^l'rir..r,1.':;f111t ?fl:'" - NAR,A (,A `,i•t;>F:`,t . jiDlr :,H-(#(3117 - 1AX C"T7)" 4.01 MAM:Y)rj ---,TREE T rrfr;'; hila-; !url • FAX ('r07) (01) :.`;A 1 r�l'rfT{f!i? fif! lik'i: Vil;riff (': I,Y!r; 08/17/2012 17:05 FAX Ia003/003 If you have any questions, or woWd like for me to appear before the City Council as you discuss this i -5m -w, please contact me at (916) 319-2007. I thank you for ynur con sideration and look forwc3rd to your msponse. Respectfully, �4 CZ,- ASSOmWylllembor Michael Allen R i Stant Majority Leader Committee on I'u iic Employees, Retirement and Social Security, Chlir