Alta Loma Educators Association

This plan requires that all new and current employees transition to a contribution level of at least 50 percent of the annual cost of their pension benefits.

This "hybrid" plan will include a reduced defined benefit component and a defined contribution component that will be managed professionally to reduce the risk of emplyee investment loss. The hybrid plan will combine those two components with Social Security and envisions payment of an annual retirement that replaces 75 percent of an employee's salary.

Under this plan, all new public employees will work to a later age to qualify for full retirement benefits. For most new employees, retirement ages will be set at the Social Security retirement age of 67.

This plan will require that final compensation be defined, as it is now for new state employees, as the highest average annual compensation over a three-year period.

This plan will require that compensation be defined as the normal rate of base pay, excluding special bonuses, unplanned overtime, payouts for unused vacation or sick leave, and other pay perks.

This plan will limit all employees who retire from public service to working 960 hours or 120 days per year for a public employee. It will also prohibit all retired employees who serve on public boards and commissions from earning any retirement benefits for that service.

This plan will require that public officials and employees forfeit pension and related benefits if they are convicted of a felony in carrying out official duties, in seeking an elected office or appointment, or in connection with obtaining salary or pension benefits.

In the past, a number of public employers applied pension benefit enhancements like earlier retirement and increated benefit amounts to work already performed by current employees and retirees. This plan will ban this practice.

This plan will prohibit all employers from suspending employer and/or employee contributions necessary to fund annual pension costs

Many pension systems allow employees to buy "airtime," additional retirement service credit for time not actually worked. This plan will prohibit this.

This plan will add two independent, public member with financial expertise to the CalPERS Board.  This plan also will replace the State Personnel Board representative on the CalPERS board with the Director of California Department of Finance. It recommends that this happen for other public retirement boards.

This plan will reduce the taxpayer burden for health care premium costs by requiring more state service to become eligible for health care benefits at retirement. New state employees will be required to work for 15 years to become eligible for the state to pay a portion of their retiree health care premiums. They will be required to work 25 years for the maximum state contribution. The plan also will change the anomaly of retirees paying less for health care premiums than current employees