The reforms proposed in Assembly Bill 340 (AB340) this summer (as
previously reported by ACERA) were amended in September and then
withdrawn entirely when the California State Legislature opted to
convene a Joint Legislative Conference Committee on Public
Employee Pensions in late October. The Committee,
co-chaired by State Senator Gloria Negrete McLeod (D-Montclair)
and South Bay Assemblyman Warren Furutani (also a Democrat), will
hold its next public hearing on December 1 in Sacramento.