Senate Constitutional Amendment 8 - California Rule

Summary:

SCA 8 gives the legislature and public pension systems the ability to adjust public employees’ retirement benefit formulas on a prospective basis.

Support Letters:

Issue Background:

This constitutional amendment gives pension systems the ability to change benefits going forward.  It does not eliminate pension benefits already earned by a public employee. The employee is entitled to every benefit accrued to the point of the change. Allowing pension plans to reduce future benefits will help keep plans sustainable.

Articles

Contact

Eric Dietz, Policy Consultant
eric.dietz@sen.ca.gov, (916) 651-4037