Press Release posted 8/28/12 – SACRAMENTO: Senate Republican Leader Bob Huff (R-Diamond Bar) and Senator Mimi Walters (R-Irvine) issuedthe following statements in response to reports of a pension reform arrangement reached by legislative Democrats and the Governor:
“Earlier this year, Governor Brown called the 12-point Public Pension Reform Plan he introduced ‘the minimum,’” said Senator Huff. “Absent specific language, the details of this new arrangement between him and legislative Democrats remain foggy. One thing that is clear is that the Governor has settled for far less than the comprehensive overhaul he sought out to achieve.”
Senator Walters serves as Vice Chair on the Conference Committee on Public Employee Pensions.
“While the Governor said that this package will save California between $18 and $30 billion over the next few decades, we know that the state’s unfunded pension and retiree health care liability is in the hundreds of billions of dollars,” said Senator Walters. “While this is a small step in the right direction, we are disappointed that this plan does not address those liabilities in any meaningful way.”
Senator Huff serves as the Senate Republican Leader and represents the 29th Senate District covering portions of Los Angeles, Orange and San Bernardino Counties. Follow Senator Huff on Twitter at @bobhuff99.
Senator Walters represents the 33rd Senate District covering the Orange County communities of Aliso Viejo, Anaheim, Buena Park, Fullerton, Irvine, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Mission Viejo, Orange, Rancho Santa Margarita, Santa Ana, Tustin, and Villa Park. Follow Senator Walters on Twitter at @WaltersReport.