SACRAMENTO –Assembly Speaker John A. Pérez (D-Los Angeles) released the following statement today on the pension reform proposal being reviewed by the Assembly-Senate Conference Committee on Public Employee Pensions:

“The comprehensive pension reform proposal to be reviewed by the Conference Committee meets and exceeds the Governor’s pension reform proposal. We will outlaw the most objectionable pension practices, impose a cap on the maximum value of pensions, and generate the long-term savings that will ensure the fiscal health of state and local pensions. Assembly Democrats on the Conference Committee, Co-Chair Warren Furutani and Chair of the Committee on Public Employees, Retirement and Social Security Michael Allen, have taken their commitment to fair pension reform and helped provide an in-depth review of all the issues, including six hearings and 10 months of discussion. Their extensive efforts are clearly reflected in the final agreement.”

Website of Speaker John A. Pérez: www.asmdc.org/speaker

CONTACT: John Vigna (916) 319-2408