After more than a year of secretive maneuvering with Democrats in the Legislature, Gov. Jerry Brown announced a pension reform package on Tuesday that offers very little immediate budget relief for state or local governments.
Brown said the changes would save $18 billion to $30 billion over the next 30 years. But if the reforms outlined in press releases accurately reflect what’s in the legislation, it would be a modest step forward.
Details were hard to come by on Tuesday because the pension bills were not in print before the governor made his announcement. That alone ought to give the public and legislators pause.