Posts tagged Public Employee Pension Transparency Act

    Op-ed / Commentary ● Unions

    Op-ed: California doubles down on pension debt — and dares Congress to bail it out

    July 23, 2026 // On July 1, California’s Assembly Appropriations Committee advanced AB 1383, a bill that guts the pension reform Sacramento passed in 2013 to keep its own promises honest. It would drop the public safety retirement age from 57 to 55, invent a new 3%-at-55 benefit formula, and let cities bargain away the cost-sharing rules that reform required. CalPERS already carries more than $179 billion in unfunded liabilities. California’s total state and local pension debt tops $200 billion. Sacramento’s answer, apparently, is to promise more.

    AB 1383 Bail Out Bill Cassidy California CalPERS Congress Employee Retirement Income Security Act government workers HELP Committee House Committee on Education and Workforce Pension Benefit Guaranty Corporation pension debt pension plans pension reform private sector Public Employee Pension Transparency Act Public Sector retired Rick Allen Senate Health Education Labor and Pensions Committee Social Security Fairness Act