Don’t gut 2013 PEPRA pension reform, reject AB 569

Sometimes you just have to shake your head over what goes on in the California Legislature. The latest dive into unreality is Assembly Bill 569, by Assemblymember Catherine Stefani, D-San Francisco. It would gut the California Public Employees’ Pension Reform Act of 2013, the signature fiscal achievement of Gov. Jerry Brown.

PEPRA affected the California Public Employees’ Retirement System, which is the nation’s largest public pension fund and serves more than 2 million state and local government employees.