AB 569 would allow California cities to boost pension promises to public employees without requiring sufficient funds to be contributed upfront to guarantee payment of those promises. If it becomes law, AB 569 would set the table for another explosion in unfunded retirement obligations, the costs of which are already crushing California governments.
Govern For California is opposed to AB 569 and has sent letters of opposition from 350 members of our network to all members of the Legislature, the Governor and the Director of Finance.
