David Hadley on Social Security
Raise state employee retirement age & make pensions portable
David Hadley is working to reform the unfair public employee retirement system because he's keenly aware of its skyrocketing $17.5 billion annual cost as well as the more than $200 billion in unfunded liabilities.
He believes public pensions must make more sense for taxpayers while also giving public employees more portability of their vested retirement rights when they change careers.
Because public pension costs are clearly jeopardizing vital local government services, David Hadley authored a bill allowing local non-public-safety agencies the option--
through the collective bargaining process--of increasing the retirement age to 65 years for newly hired employees.
Source: 2018 CA gubernatorial campaign website DavidHadley.com
, May 2, 2017
Page last updated: Sep 22, 2018