Bill would allow cities to boost pensions for public workers despite unfunded liabilities
A bill introduced by a Northern California lawmaker could mean sweetened pensions for public workers — who already have far more generous retirement benefits than their brethren in the private workforce.
Assembly Bill 569 by Catherine Stefani, D-San Francisco, could give cities the freedom to offer “supplemental” retirement plans to workers, wiggling around some reforms muscled through the Legislature by then-Gov. Jerry Brown more than a decade ago. Brown aimed to tame the explosive growth...