ACA 15 (Brough) – Protecting Schools and Keeping Pension Promises Act of 2018
Prohibits a government employer from enhancing new government employee defined benefit plan benefits, enrolling a new government employee in a defined benefit pension plan or paying more than one-half of the total cost of retirement benefits for new government employees without approval by the voters of the applicable jurisdiction. Also prohibits retirement boards from imposing fees or other financial conditions on a government employer that proposes to close a defined benefit pension plan to new members without approval by voters of the applicable jurisdiction or the sponsoring government employer.
- Version: Introduced 5/9/2017
- Sponsor: Author
- Location: Assembly
- Board Position: Oppose