Proposed contribution rate hikes

As Gov. Brown prepares to sign into law a historic attack on public employee pensions, CalPERS has released a list of proposed changes to employee contribution rates.

The largest scheduled increases will bring certain employees' contributions to 13% within two years.

AB 340, the bill that Gov. Brown is expected to sign before the end of this month, eliminates rare abuses of the pension system, but also places strict caps on your hard earned benefits and increases the retirement age.

For more information, see CalPERS' breakdown of the bill's effects.