| Event: |
Delegate Assembly / Q3 Board Meeting |
| Dates: |
July 20-22, 2012 |
| Place: |
Sheraton Grand Sacramento
1230 J Street
Sacramento, California 95814 |
| Rate: |
$101 plus taxes for a single/$151 plus taxes for a double |
| RSVP: |
Reservations must be made no later than June 28, 2012 |
To reserve your hotel room for the event, CLICK HERE
NOTE: If you are not a member of a committee meeting at this event or a member of the board of directors, you must have your chapter president's prior approval to get reimbursed for board meeting expenses.
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Association of
California State Supervisors
1108 O Street, Suite 317
Sacramento, California 95814
(916) 326-4257 • (800) 624-2137
For questions about this site, contact Kevin Glidden at (916) 326-4302 or kglidden@calcsea.org
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ACSS News
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To view blog postings by category, click the Blog Topic of your choice at left. For questions about this Web site please email us.
Jan
27
Written by:
ACSS Communications
1/27/2012 10:53 AM
 Attacks on your earned pension are heating up.
At a public hearing this week, opponents of the “hybrid” pension shift proposed by Governor Brown primarily highlighted the volatile, risky nature of defined contribution schemes.
“The 401k experiment hasn’t worked,” said SEIU spokesperson Terry Brennand. “Look at your own 401k? Are you ready to retire?”
Though proponents of shifting earned benefits into a shaky investment market say this will significantly reduce costs to the state, National Association of State Retirement Administrators Research Director Keith Brainard pointed out that savings are not likely to be great as the plan could legally only apply to new hires.
“A hybrid does not necessarily produce any more cost savings than any other plan,” said Brainard.
See KGO-TV’s coverage of the hearing:
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