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Peterson Consulting, Inc. Paul J. Yoder and Karen Lange

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1 Peterson Consulting, Inc. Paul J. Yoder and Karen Lange
2012 Annual Legislative Report to the San Joaquin County Board of Supervisors Peterson Consulting, Inc. Paul J. Yoder and Karen Lange

2 2012-13 State Budget Predicated on Proposition 30 passing
$6 billion in trigger cuts (mainly affecting schools) to take effect if Prop. 30 does not pass Realignment super-structure was included in budget, locking in funding for three years

3 Delta and Water SB 1278 (Wolk) / 1965 (Pan) AB 1095 (Buchanan)
AB 2000 (Huber) AB and AB 2422 (Berryhill) SB 200 (Wolk) Work with Delta Coalition Work with Delta Counties Coalition

4 Healthcare Special Session expected for later this fall or early 2013 to address Federal Healthcare Reform Immunization bills

5 Pension Reform As proposed in AB 340, all counties in California are impacted except the City and County of SF, as they are a charter with an independent retirement system Most features ONLY apply to future employees 50-50 share for new employees effective immediately, for existing employees by 2018 Establishes a cap on the amount of compensation that can be used to calculate a retirement benefit ($110,100) for employees who participate in Social Security, or 120% of that limit ($132,120) if they do not participate in Social Security Prohibits an employer from offering a defined benefit (DB) plan, or combination of DB plans, on compensation in excess of the compensation cap

6 Pension Reform Tightens definition of “new employee”
2% at age 62 for all new non-safety employees, excluding teachers. The earliest an employee would be eligible to retire is age 52 with a 1% factor and the maximum retirement factor of 2.5% is provided at age 67 For public safety: 2% at age 57 (basic plan); 2.5% at age 57 (safety option plan one); and 2.7% at age 57 (safety option plan 2) Requires that final compensation be defined for all new employees as the highest average annual compensation over a three-year period

7 Pension Reform Eliminates “air-time” and other non-salaried benefits used to increase final compensation Limits the maximum salary used to calculate retirement to IRS limits Prohibits post-retirement employment from exceeding 960 hours in a consecutive 12 month period. If a retiree receives unemployment benefits, he or she is prohibited from working for 12 months as a retiree for a public employer Felons lose their pensions if the felony is committed in the course of their official duties

8 November 2012 11 initiatives National election
Funding for realignment protections

9 Peterson Consulting, Inc.
Questions? Paul J. Yoder and Karen Lange Legislative Advocates Shaw / Yoder / Antwih, Inc. and Peterson Consulting, Inc. 1415 “L” Street Suite #1000 Sacramento, CA (916)

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