"California Governor's Pension Reform Plan Takes Shape: Major Changes Coming for State and Local Employees. In a move aimed at addressing the state's growing pension liabilities, Governor [Governor's Name] has proposed significant changes to Tier 6 of the California Public Employees' Retirement System (CalPERS). The new rules, set to impact state and local employees hired since April 2012, will alter the way they contribute to and benefit from the pension system. Key highlights of the changes include [insert details from the article], which are expected to have far-reaching implications for public sector workers and the state's budget."
Here are some of the major highlights the changes to Tier 6, which applies to state and local employees hired since April 2012.
