Thursday, February 23, 2017

Republicans are fighting to reduce union influence over California's biggest public employee pension fund

The L.A. Times reports:
A quarter of a century after a bitter political fight for control of California’s largest public employee pension fund, a new effort by Republicans in the state Capitol seeks to again dilute the influence of public employee unions by reshaping the agency’s board of directors.

The bill, introduced by Assemblyman Travis Allen (R-Huntington Beach), would add two members to the board that oversees the California Public Employees’ Retirement System, CalPERS. It would also reshape the qualifications for three of the existing 13 positions on the board, either by requiring additional expertise or by limiting participation from those with a connection to public employee unions.
The struggle of public pensions.