While it has seemed like the second appearance of longtime California Governor Jerry Brown might produce even more drastic changes to the state's retirement systems, analysts say his reform movement may have run out of steam.
Last year, Brown was able to pass the first of a series of modifications to the most populous (and at one time most prosperous) state's vast public pension plans - not quite to the extent that he wished, but close - as well as dangling the prospect of a mandatory, state-run retirement plan created for low-income workers without access to tradional DC options.
"My best estimate is the reforms that have been implemented might reduce the unfunded liability by about 10 percent," noted former Democratic state assemblyman Joe Nation, now an instructor at Stanford. "So, if you're $400 billion underfunded, it's probably around a $40-billion improvement."
Across the state, voters initially sided with a range of local efforts to limit future benefits for public workers from firefighters to garbage collectors, but lawsuits have bogged down those changes - and observers note that the forward impetus for more changes may have disappeared.