U.S. Secretary of Labor Thomas Perez has waded into the effort to reform California's public pension system by standing on the side of labor unions – and against Gov. Jerry Brown's plan.
Perez sent a letter that did not come to light until last week, when the Sacramento Bee newspaper obtained a copy of it. In it, he gave the state until this past Friday to exempt the workers from a September 2012 law or risk losing billions in federal transportation funds, including $1.5 billion this year. The unions and the state were holding negotiations Monday.
In his letter, Perez said the reform "diminishes both the substantive rights of transit employees under current collective bargaining agreements and narrows the future scope of collective bargaining over pensions."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
