THE.
HEARING OF THE SECT MEDIA
PUBLIC EMPLOYMENT RETIREMENT.
MOST WELCOME EVERYONE FOR BEING
HERE AND.
.
SO WE HAVE.
FIFTY THREE ITEMS.
TWO ITEMS WHICH WILL BE HEARING
IN THE THIRD HAS BEEN HER READY
AYE THAT'S S. B. SIX EIGHTY ONE
SO BE A VOTE ONLY.
SO WITH THAT.
.
SECRETARY.
SECRETARY DO YOU WANT TO TAKE A
CALL THE ROLE FOR SUBSEQUENT.
PAN GEAR AND PRESENT MORAL LEYVA
PRESENT.
PORTANTINO HERE PORTANTINO
PRESIDENT.
OKAY WE HAVE A QUORUM.
SIR MORE LOOKED YOU WISH TO
PRESENT ITEM NUMBER ONE SP SIX
FIFTY SIX.
IT'S.
THANK YOU MISTER CHAIRMAN
COLLEAGUES HAPPY NEW YEAR.
.
HI IN MY ROLE COLLEAGUES IS A A
COUNTY SUPERVISOR.
HUH I OBSERVED OF A LOT OF FUN
THINGS WITH DISAPPEAR COURT AND
COURT COUNTY.
ABOUT ONE IN THERE THERE SEEM TO
BE.
AN INTERESTING FRICTION BETWEEN
THE GOVERNOR. AND THE DIGITS
CHEERY BRANCH FUNDING CAME TO
BUDGETS RESERVED SENATOR.
TO THAT THE CURRENT VESTING FOR
NEWER JUDGES IN THE JUDGE'S
RETIREMENT PLAN TO ALSO. KNOWN
AS TERRORISTS TO HAS CREATED
CONCERNS AFTER HAVING BEEN. ROAD
TESTED FOR A NUMBER OF YEARS
WE'VE GOT EXPERIENCE STUDIES NOW
THREE THE J. ARREST TO. IS AT OR
CLOSE TO BEING FULLY FUNDED FOR
MAKING PLAN CHANGES.
TO A DEFINED BENEFIT PENSION
PLAN TO GENERATE A NEW AND.
FUNDED ACTUARIAL ACCRUED
LIABILITY FIVE ALTHOUGH GOVERNOR
BROWN IS MAKING JUDICIAL
APPOINTMENTS
I WONDER IF THESE OF THOSE
SELECTED.
COULD HAVE BEEN OF A HIGHER
CALIBER AS MANY GREAT CANDIDATES
MAY HAVE DECLINE DUE TO THE
FRICTION AND FRUSTRATIONS OF THE
PLAN. NJ R. S. TWO JUDGES APPEAR
TO BE WILLING TO CONTRIBUTE
TOWARDS ANY UNFUNDED LIABILITY
THAT MAY BE CREATED.
WHAT ADJUSTMENTS DOES THIS JAY
R. S. TO FORMULA NEED?
THOSE APPOINTED SINCE NINETEEN
NINETY EIGHT MUST SERVE TWENTY
YEARS AND MUST BE SIXTY FIVE TO
RETIRE.
FOR THOSE APPOINTED TOUR FORTY
FIVE OR YOUNGER THEY MUST WORK
FULL TIME IN THE POSITION UNTIL
AGE SIXTY FIVE. WITH THE
COMMENSURATE DEFINED BENEFIT
WITH HOLDING SOME CONTRIBUTIONS.
THOSE FIFTY OR OLDER MISS WORK
TWENTY YEARS OR REACHED THE AGE
OF SEVEN TO RETIRE WITH A
PENSION.
THESE TWO RICHARD PARA
PARAMETERS FORCED JUDGES TO
REMAIN ON THE BENCH EVEN WHEN
THEY FACE PERSONAL. HEALTH OR
FAMILY ISSUES.
THERE IS NO OPTION FOR DEFERRAL
OR REDUCTION. AS NOT COMPLETING
TO THE TERMS COULD MEAN
RECEIVING NO PENSION AT ALL.
S. B. SIX FIFTY SIX WOULD ALLOW
FOR. EARLY RETIREMENTS WHILE
DELAYING PENSION BENEFITS UNTIL
THEY REACH THE AGE OF SIXTY FIVE
OR SEVENTY WHICHEVER IS
APPLICABLE.
PER SMALL COST YOUNGER AND
CAPABLE INDIVIDUALS WOULD BE
INTERESTED IN THIS CRITICAL ROLE
IN OUR SOCIETY.
BUT REMIND YOU MISTER CHAIR
THAT.
I AM A PENSION REFORM ADVOCATE.
AND ONE WHO IS TRYING TO FIND
VIABLE SOLUTIONS TO ASSURE
SUSTAINABILITY WITH OUR PUBLIC
EMPLOYEE DEFINED BENEFIT PENSION
PLANS.
I'M ALSO AN ADVOCATE FOR PROPER
AND REASONABLE INCENTIVES.
TO ATTRACT THE BEST AND THE
BRIGHTEST.
S. B. SIX THIRTY SIX IS NOT
PERTINENT TO PROVIDE A MORE
MARKET COMPETITIVE DEFINED
BENEFIT PENSION FOR SOME
EIGHTEEN HUNDRED SUPERIOR COURT
JUDGES. WHO ARE BOXED IN BY
RICHARD BRIDGET PARAMETERS?
CERTAINASSUMPTIONS WOULD HAVE
TO BE MADE BY THE ACTUARIES AND
EXPERIENCE STUDIES EVERY THREE
YEARS WILL VERIFY OF APPROPRIATE
FORECASTING. HAS BEEN REALIZED
ACCORDINGLY I WOULD RECOMMEND
APPROVAL OF S. B. SIX THIRTY SIX
TO IMPROVE MORALE FOR OUR
JUDICIARY. THE FULLY VET THE
RAMIFICATIONS WITH CALPERS AND
WORK WITH THE J. ARREST TWO
MEMBERS TO FIND A FAIR AND
REASONABLE SOLUTION TOWARD
ADDRESSING. ANY NEW COSTS.
MISTER CHAIR I DO HAVE
WITNESSES.
Q. WITNESS THAN SUPPORT MISTER
CHAIRMAN AND MEMBERS OF THE
COMMITTEE I'M JUDGE STEVE WHITE
FROM SACRAMENTO COUNTY I'M THE
PRESIDENT OF THE ALLIANCE OF
CALIFORNIA JUDGES. OF THE
PROBLEM THAT CINDER MORE LOCKED
ADDRESSES TODAY THROUGH THIS
LEGISLATION IS NOT SOMETHING
ANYBODY ON THIS COMMITTEE HAD
ANYTHING TO DO WITH CREATING BUT
THE PEOPLE WHO DID DO IT COULD
NOT I AM CERTAIN HAVE INTENDED.
THAT SOMEBODY WHO DIED HE'S A
DAY BEFORE HIS OR HER SIXTY
FIFTH BIRTHDAY OR HIS OR HER
SEVENTIETH BIRTHDAY. WOULD LEAVE
THEIR SPOUSE WITH NO RETIREMENT
BENEFITS OF ANY KIND THEY WOULD
JUST GET THEIR CONTRIBUTIONS
FACT THAT IS NOT GOOD POLICY NO
ONE COULD HAVE IF THAT WANTED
THAT TO HAPPEN. I'D LIKE WITH
LEAVE OF THE CHAIR IF I COULD
JUST HAVE THE JUDGES IN THE
AUDIENCE STAND NOT SAY ANYTHING
BUT JUST STAND. TO BE RECOGNIZED
JUDGES WOULD YOU STAND.
AND JUDGES FROM ALL OVER THE
STATE WE WERE AHEAD MANY MORE.
FEATHER AND ALSO.
I WOULD LIKE TO INTRODUCE TO
YOU.
SOMEBODY TO TALK ABOUT
INDIVIDUAL CASES WHERE THIS
ISN'T CAN WREAK HAVOC A AND AND
THAT IS. JUDGE LANCE ITO A
FRIEND AND COLLEAGUE AND MEMBER
OF THE ALLIANCE OF CALIFORNIA
JUDGES.
THE EX WIFE OF DOCTOR PAN.
OYSTER MORALE.
SENATOR LEYVA.
CENTER MY FAVORITE CENTER FOR
NOW.
I KNEW YOU.
WHAT IS GOOD REASON FOR THAT?
WELL MY NAME IS LANCE ITO.
I RETIRED THREE YEARS AGO IN
TWENTY FIFTEEN AFTER SERVING
TWENTY EIGHT YEARS.
A ON THE MUNICIPAL AND SUPERIOR
COURTS IN LOS ANGELES AND I
EARNED THIS GOLD WATCH.
MY RETIREMENT UNDER THE
CALIFORNIA JUDGES RETIREMENT
SYSTEM.
IS NOT IMPACTED BY ANY THE
PROPOSALS THAT ARE HERE BEFORE
YOU TODAY.
I HAVE NO FINANCIAL INTEREST IN
THIS I HAVE NO DOG IN THIS FIGHT
EXCEPT FOR THIS.
ONE OF THE REASONS OUR COUNTRY
OF THIS WONDERFUL EXPERIMENT IN
MULTICULTURAL. OF REPRESENTATIVE
DEMOCRACY IS AS SUCCESSFUL AS IT
IS IS BECAUSE WE HAVE RULES THE
RULES THAT YOU MAKE. THE RULES
MEAN SOMETHING.
AND OUR SOCIETY OPERATES WELL
BECAUSE WE HAVE GOOD CHORDS AND
A GOOD LEGAL SYSTEM.
TO ENFORCE THOSE RULES WEEK EACH
HERE CARED DEEPLY FOR THE
STRENGTH AND VITALITY. OF OUR
JUSTICE SYSTEM AND THAT SYSTEM
DEPENDS UPON HIGHLY QUALIFIED
MEN AND WOMEN. TO SERVE AND I
JUDICIARY AND WHO DEVOTE THE
PRIME OF THEIR LIVES WORK TO THE
HIGH CALLING OF PUBLIC SERVICE.
NOW OF COURSE NOVEMBER THE
NINETEENTH NINETEEN NINETY FOUR
WAS A MEMORABLE DATE OF FOR MANY
REASONS AS YOU NOTE CAN TRIGGER.
CAMARA CONGA BECAME THE FIRST
WOMAN TO BE ELECTED PRESIDENT OF
SRI LANKA.
I HAD JUST FINISHED JURY
SELECTION IN THE OJ SIMPSON
CRIMINAL CASE.
AND JUDGES RETIREMENT SYSTEM TO
COMMONLY REFERRED TO AS JAY R.
AS TWO. OF BECAME EFFECTIVE TO
ANY JUDGE WHO TOOK OFFICE. ON OR
AFTER THAT DATE. BAD YEAR IS TO
HAVE A LOT OF IN A HAD A LOT OF
GOOD THINGS ABOUT IT. THAT BEING
THAT AND COMBINED WITH PEPPER
UP.
THAT NOW JAY R. AS TO IS
FISCALLY SOUND.
ARE THERE HAVE BEEN SOME.
FLUCTUATIONS IN THE MARKET BUT
AS TAXPAYERS WILL APPRECIATE.
OBVIOUSLY.
WE BELIEVE THAT IT IS A FISCALLY
A FINANCIALLY AN ACTUAL EARLY
SOUND SYSTEM.
HOWEVER GENEROUS TWO ALLOWS FOR
A SERVICE RETIREMENT IN JUST TWO
MATTERS.
AT AGE IXTY FIVE WITH TWENTY
YEARS OF SERVICE. AND AT AGE
SEVENTY WITH BETWEEN FIVE AND
NINETEEN YEARS OF SERVICE.
NOW YOU ASK OKAY WHAT'S SO BAD
ABOUT THAT.
LET ME GIVE YOU A SCENARIO
NUMBER ONE.
YOU ARE APPOINTED TO THE BENCH
AT AGE FORTY AND AFTER A FULL
TWENTY YEARS OF SERVICE. ON THE
BENCH YOU ARE NOW SIXTY YEARS
OLD. AND SOME THIRTY FIVE YEAR
OLD DEPUTY DISTRICT ATTORNEY
DECIDES HE'S GOING TO CHALLENGE
YOU AT YOUR NEXT SELECTION.
FOR SOME REASON YOU MANAGED TO
LOSE THAT ELECTION AS YOU KNOW
POLITICIANS OCCASIONALLY LOSE
THEIR ELECTIONS.
AND A WHAT IS YOUR REWARD YOUR
WARD IS THROUGH J. HEIRESS TO
YOUR RETURN TO MONETARY
CONTRIBUTIONS AND THAT'S IT.
A SATYR SCENARIO WAS THAT OF OUR
COLLEAGUE JUDGE PAUL BOARDMAN.
WHO IS FIFTY FIVE YEARS OLD WHEN
HE WAS APPOINTED TO THE BENCH
AND TULARE COUNTY IN NINETEEN
NINETY NINE AND FALLING UNDER
TERRORIST TO?
IN OCTOBER TWENTY THIRTEEN HE
WAS DIAGNOSED WITH METASTATIC
CANCER. AND BECAUSE HE HAD NOT
YET REACHED THE AGE OF SEVENTY.
IF HE WERE TO RETIRE AT THAT
TIME ALL HE WOULD RECEIVE BAD
PLACES MONETARY CONTRIBUTIONS
AND HIS WIFE WOULD HAVE BEEN
LEFT WITH NO SURVIVOR BENEFIT.
HIS DECISION TO STAY ON THE
BENCH UNTIL HE REACHED AIDS HIS
DECISION WAS TO STAY AND SURVIVE
AS LONG AS HE COULD. AND HE WENT
THROUGH MANY MANY ROUNDS OF
VERY.
CAUSTIC.
CANCER TREATMENTS
AND MANAGED TO SURVIVE TO FORTY
DAYS PASSES SEVENTIETH BIRTHDAY.
HIS WIFE NOW COLLECTS A DEFINED
PENSION AND PENSION BENEFIT
PENSION BASED UPON HIS FIFTH
THAN FIFTEEN YEARS OF SERVICE.
THE LAST TWO YEARS OF HIS LIFE
WERE HELD.
AND HIS COLLEAGUES HELLO WE'RE
GRATEFUL THAT HIS COLLEAGUES
WERE ABLE TO TAKE UP THE SLACK
BUT NO MAN SHOULD BE FORCED TO
THAT NO WOMAN SHOULD BE FORCED
TO DO THAT.
JUDGES OF AND I WOULD SAY THAT
YOU KNOW THIS IS A WHAT WE CALL
CLIFF HANGER VESTING.
THERE'S NO OTHER CATEGORY OF
PUBLIC EMPLOYEES IN THE STATE OF
CALIFORNIA THAT ARE SUBJECT TO
THIS. HARSH AND SENSELESS
RESTRICTION.
JUDGES FROM AROUND THE STATE
HAVE WRITTEN TO THIS COMMITTEE
VOICING THEIR SUPPORT FOR SIX
FIFTY SIX.
HAN SATURDAY I ATTENDED A
MEMORIAL SERVICE FOR A.
COLLEAGUE OF MINE JUDGE BEVERLY
READ O'CONNELL.
AND AT THE RECEPTION THAT
FOLLOWED THEIR MORE THAN FIVE
HUNDRED JUDGES AT THIS MEMORIAL
SERVICE.
I HAD MORE THAN TWENTY COME UP
TO ME AND WISH ME GOOD LUCK IN
WHICH THIS COMMITTEE. WISDOM AND
ITS CONSIDERATION OF THIS.
A BILL.
OTHER MODIFICATIONS CONTAINED IN
S. B. SIX FIFTY SIX ARE NOT A
GET YOUR PENSION HURLEY FORMULA.
NOT A DIME WILL BE PAID OUT
UNTIL THE SUBJECT JUDGE REACHES
THE DEFINED AGES SIXTY FIVE OR
SEVENTY. WE ONLY ASK FOR A
SIMPLE MECHANISM TO DEFER A WELL
EARNED. SERVICE RETIREMENT.
THANK YOU.
THANK YOU ANY OTHER WITNESS IS A
SPORT.
I APPRECIATE IT JUDGES STANDING.
ANY WITNESSES IN OPPOSITION.
SEEING NONE.
QUESTIONS FROM COMMITTEE
MEMBERS.
ALRIGHT TO SEE WHICH I.
WHICH. PAYOFF XML YEAH YOU HAVE.
ON THE AYE I JUST WONDER IF I'M
READING THIS RIGHT.
SO HOW YOU CAN RETIRE AND GET
SEVENTY FIVE PERCENT YEARS.
ANNUAL SALARY CORRECT.
IF YOU SURVIVE TO THE RIGHT AGE
TO DO THAT BUT YOU COULD
CONTINUE WORKING STILL GET. THAT
TWENTY FIVE PERCENT MORE CITIES
STILL BE MAKING MORE MONEY WHEN.
YOU KNOW. WHAT YOU MEAN IN LIEU
OF RETIREMENT YOU CONTINUE TO
WORK TO BE OUR IN ITS REGULAR
SALARY YES THROUGH THAT'S TRUE?
OKAY SO YOU MAKE IT SOUND LIKE A
NEGATIVE BUT IT'S REALLY HARD.
IS THE FOR THE WORD BECOMES A
PROBLEM IS WHERE SOMEBODY CANNOT
STAY ON THE BENCH UNTIL THEY'RE
SIXTY FIVE OR SEVENTY EITHER
PHYSICALLY UNABLE TO DO IT OR.
HERE'S ANOTHER EXAMPLE.
WORST SOMEBODY A JUDGE WHOSE
WIFE DEVELOPED ELSE TIMERS HE
HAD TWO MORE YEARS HE HAD TO GO
BEFORE HE WOULD GET A. PENSION.
AND HE HAD TO SPEND THE TWO
YEARS SAID SHE WAS DECLINING
RAPIDLY FROM ALZHEIMER'S.
WORKING INSTEAD OF RETIRING WITH
HER AND HAVING A PENSION.
THAT KIND OF LIKE THIS IS NOT
SOMETHING I DO WANT TO MAKE THIS
POINT EMPHATICALLY. VERY FEW
JUDGES WOULD ELECT TO LEAVE THE
BENCH BEFORE THEIR SIXTY FIVE OR
SEVENTY AND OTHERWISE QUALIFIED
TO RETIRE THIS IS NOT THAT.
I NEVER KNEW FOR JUDGES TO STEP
OFF THE BENCH. IT'S.
TO CREATE AT THE TUBA A CURE
INEQUITY WHERE.
A RESULT THAT I CANNOT BELIEVE
THE LEGISLATURE NEVER INTENDED.
BUT IS IN. THAT IS INFLICTING
HAVOC ON HOUSEHOLDS BECAUSE OF.
THE RESULTS THAT JUDGE ITO WAS
TALKING ABOUT.
AND CAN YOU RESTATE THAT.
HERE I AM.
POINT ABOUT IF YOU LISTEN
ELECTION.
YOU YOU WILL ONLY EARNESTLY
RETIRED. REACH AGE SIXTY FIVE
WITH AT LEAST TWENTY YEARS OF
SERVICE.
.
IF YOU ARE JEALOUSLY FOR EXAMPLE
I WAS A POINT WHEN I WAS THIRTY
SEVEN YEARS.
THOUGH I HAVE SEVERAL TIMES
STOOD FOR RE ELECTION AND I WAS
LUCKY ENOUGH NOT TO EVER LOSE AN
ELECTION.
BUT I HAVE COLLEAGUES WHO MAY BE
CHALLENGED THEY MAY. A LOOSE AT
ELECTION IF THEY'RE NOT SIXTY
FIVE BY THAT WHEN THE NEW TERM
IT WHEN THE OLD TERM EXPIRES.
THAT'S THE END.
BECAUSE THEY HAVE NOT REACHED
THE AGE SIXTY FIVE TO QUALIFY
FOR SERVICE PENSION THEY GET
THEIR CONTRIBUTIONS BACK.
BUT THAT'S IT BUSTED FIRST.
HAVEN'T BEEN AND BUSINESS HOW MY
LIFE WEARING OUT HERE SEVEN
YEARS AGO. I DON'T HAVE SYMPATHY
FOR YOU ON YEAH.
GOOD AS HIM RURAL IT DOESN'T
WORK THAT WAY LIVES.
SOME ANYWAY LOOK AT MY FRIEND.
SENATOR MORE LOCK IT IS A
PENSION REFORM GUY I DON'T I'M
TRYING TO FIGURE OUT. WHERE THE
REAL REFORM HERE AS I LIKE
OPPORTUNITY FOR ALL FAVORITISM
TOWARDS NINE?
IN SOME TRYING TO FIGURE OUT
WHERE THIS IS ACROSS THE LINE.
AND I ONE LAST QUESTION. THAT
THE PROBLEM IS WE ARE THE ONLY
PUBLIC EMPLOYEES.
IN THE STATE OF CALIFORNIA AND
I'M NOT AWARE OF ANY OTHER
JUDGE.
IN THIS IN THE UNITED STATES
THAT HAS THIS RESTRICTION ON
THE.
WE'RE JUST ASKING WOULD JUST AS
AND HOT THAT DOESN'T APPLY TO ME
I'M ASKING THAT MIGHT THE
COLLEAGUES WHO FOLLOWED ME.
BE TREATED LIKE I WAS.
AND IN ONE SENATOR MORLOCK
ESTIMATED COST DO WE HAVE OF
APPROXIMATELY HOW MUCH EXTRA
COSTS.
WE HAVE AN APPROXIMATE NUMBER
CENTER MORRELL.
MAYBE JUST A.
ANSWER THE QUESTION ONE MORE
TIME MAYBE. WITH MY
UNDERSTANDING. THIS A SORT OF A
PECULIAR D.. C. DB HYBRID THE
TO.
CONTRIBUTION PLAN.
IF YOU DO NOT. FINISHED THE
TERMS IF YOU DON'T STAY THE
TWENTY YEARS THEN YOU K?T.
WHAT YOU CONTRIBUTED I BELIEVE
IT'S A PERCENT WHICH YOU
CONTRIBUTED PUT CENTRIST WHICH
IS LIKE A REALLY POOR FINANCIAL
PLANNING IT'S LIKE YOU DON'T
JUST PUT? MONEY THE BANK ACCOUNT
YOU PUT IT IN A DIVERSIFIED
PORTFOLIO. BUT IF FOR SOME
REASON BITES BY HAPPENSTANCE OR
CIRCUMSTANCE YOU. PASS AWAY OR
KNOW ABOUT THESE OTHER ISSUES
THEN YOU JUST GET YOUR PRINCIPAL
BACK YOU DON'T GET IT YOU'LL
REALLY GET DEFINED BENEFIT
PENSION PLANS SO. IT IT IT MAKES
THIS PLAN A LITTLE AWKWARD.
WE'VE HAD IT REVIEWED BY AN
ACTUARY.
AND THE ACTUARIES SAYS IT MIGHT
COST ANOTHER TWENTY FIVE
MILLION.
AND SO WE'VE BEEN WORKING WITH
THE JUDGES THIS HEALTHCARE HOW
DO WE.
I WOULD TAKE CARE OF THAT.
YOU KNOW AND SO.
TODAY WE'LL GET IS MOVING
FORWARD TO FIND A GOOD ANSWER WE
WORK WITH.
CALPERS AND WE WORK WITH AN
ARREST PEOPLE OUTSIDE ACTUARY.
THE TWENTY FIVE MILLION MIGHT
BE A TAD HIGH. BUT I THINK WE
CAN STILL WORK ON A WAY TO
REMEDIATE.
WHAT MAY BE CREATED DEPENDING ON
THE ASSUMPTIONS THAT ARE MADE
AND DEPENDING ON?
WHAT WE DO WITH THE
CONTRIBUTIONS MADE BY THE
JUDGES?
OKAY ON.
SINCE.
YOU'RE MY GOOD FRIEND. AND I
WANT TO HELP YOU MOVE THIS
FORWARD SO I'M GONNA BE A YES
VOTE ON IT TODAY WITH THE CABBIE
AYE. AYE MAY NOT GO FOR IT WHEN
IT HITS THE FLOOR BECAUSE. IT IS
THERE STILL A LOT MORE THAT HAS
TO BE DONE MORE NUMBERS HAVE TO
COME FORWARD. AND AND I I NEED
TO PUT A LITTLE BIT MORE.
THOUGHT IN THAT.
ASK YOU SOME MORE QUESTIONS
WHICH WE HOPE SO I WILL BE YES
BUT AGAIN I JUST WANNA. LET YOU
KNOW I MAY BE A NO ON THE FLOOR
KELLY SEYMOUR. THANK YOU GUYS
FOR COME.
DEFENDER BECKY.
QUESTION NUMBER.
ACTUALLY JUST THE.
QUESTION TERMS OF.
.
FROM MY UNDERSTANDING.
.
SO WE HAVE TO DETERMINE THE
ACTUAL COSTS.
BUT. THAT COST REALLY COMES.
FROM THE FACT THAT YOU HAVE
JUDGES WHO HAVE WORKED TWENTY
PLUS YEARS.
RIGHT AND BECAUSE ARE NOT
GETTING YELL SOMETHING HAPPENS
BEFORE THEY TURN.
SIXTY FOUR HOURS THAT DETAIL.
SIXTY FIVE SIXTY.
BUT IF YOU'VE I FEAR THAT IF
THEY THEY'RE STILL JUST SHORT OF
SIXTY FIVE ARE YOU KNOW WHATEVER
DEPENDING WHAT TIME THEY GOT
POINT IS.
THEN WHAT HAPPENS IS THAT.
THE SYSTEM BENEFITS FOR THE FACT
THAT THE PRY GOT A BETTER
RETURNED AND THE JUDGE IS GOING
TO GET TERMS OF CASH OUT BECAUSE
IT'S A JUST A. CONTRIBUTION PLUS
SMALL INTEREST SO IN SOME
SENSES.
BE QUOTE COST OF DOING THIS IS
NOT BECAUSE THE JUDGE HASN'T
WORKED AND PUT IN THEIR
CONTRIBUTIONS AND THOSE
CONTRIBUTIONS HAVEN'T BEEN
INVESTED.
APPROPRIATELY BUT THAT BECAUSE
YOU THIS BASICALLY THAT PENSION
FUND GOT A WINDFALL FROM THE
JUDGE.
I'M NOT MAKING IT TOO. DAY THE
THE AGE THAT. EVEN THOUGH THEY
PUT IN YEARS CORRECT.
YEAH IT DOES BUT THAT'S AN
ACTUARIAL ASSUMPTION THAT YOU
KNOW SOME JUDGES WILL DIE
EARLIER WILL. YOU KNOW THE COAST
SOMEWHERE ELSE THAT. YOU CAN A
BILL THAT IN AND AGAIN THAT'S
WAR MAKING THE. OVERALL
LIABILITY CENTER MORE A LITTLE
DICEY TRYING TO FIGURE OUT HOW.
JUDGES WILL REACT ATVS CHANGES.
YOU THAT DEFINED BENEFIT IS
CAPPED AT SEVENTY FIVE PERCENT
OF SALARY. SO IF YOU WORK
LONGER.
YOU'RE NOT GONNA GET OUT OF. A
BIGGER PENSION SO THERE'S NO
INCENTIVE TO STAY ON THE BENCH.
BUT I BELIEVE A LOT OF THE
JUDGES DO BECAUSE THEY ACTUALLY
LOVE.
WHAT THEY DO YEAR SENTENCE YOUR
SEVEN MAKE TWENTY FIVE PER EATEN
ARE MORONS? BUT YOUR PAY.
TO GO TO WORK SOON TO BE TWENTY
FIVE PERCENT MORE ANY AVERAGE
WORK IT OUT OF TWENTY FIVE
PERCENT PAY INCREASE WITH
CAPSULAR NO THERE'S NO THERE'S A
BAKERY UNDER NO NO THAT'S NOT
WHT YOU'RE SAYING HERE ONLY
GONNA CLICK SEVENTY FIVE PERCENT
A YEAR PENSION.
YEAH BUT IF YOU CONTINUE TO WORK
YOU'RE STILL GOING TO GET YOUR
FULL SALARY. IF YOU'RE WORKING
FOR THAT EXTRA TWENTY FIVE
PERCENT THAT'S NOT A BAD DEAL IF
HE MAKES IT SOUND LIKE.
WELL IT'S NOT A BAD LEVEL THIS
YEAR AS IT EXISTED CLARIFY.
YOU DON'T GET YOUR PENSION UNTIL
YOU RETIRE SO THERE'S NO DOUBLE
DIPPING RIGHT IS CORRECT. THAT
ONLY THREE CLICKS RIGHT OKAY.
JAPAN ECONOMIC ONE OTHER POINT
DRESSING PARTLY OF THE CONCERNED
PERSON RAIL HAS RAISED THAT
TWENTY FIVE MILLION WHICH IS A.
KIND OF ODDLY ROUND NUMBER IN IS
SORT OF THE BEST THAT THE COULD
BE. URGING ARRIVED AT THIS POINT
IS AS I UNDERSTAND FROM MY
DISCUSSIONS WITH PURRS.
PREMISED UPON. THE STATIC
ANALYSIS IN WHICH THEY ASSUMED
THAT EVERY SINGLE JUDGE WOULD
LEAVE THE BENCH BEFORE SIXTY
FIVE OR SEVENTY FIVE. THAT WOULD
NOT HAPPEN I'M SIXTY EIGHT I'VE
BEEN A JUDGE FOR FIFTEEN YEARS
THEY'LL DRAG ME OFF THE BENCH IN
A YEAR AS LONG AS I CAN
PHYSICALLY AND MENTALLY ABLE TO
DO IT. AND MOST JUDGES ARE LIKE
THAT WOULD. BE OF TINY EXPERTS
IN EACH I SAY THIS WITH NO
RESERVATION AND WITH ABSOLUTE
CERTAINTY THERE BE ONLY A TINY
PERCENTAGE OF JUDGES WHO SAY YOU
KNOW WHAT. I GOT A GOOD REASON I
CAN'T WAIT TIL SIXTY FIVE I GOT
A GOOD REASON I CN'T WAIT TILL
SEVENTY AND IT WILL BE A GOOD
REASON TO BE ONE LIKE. A JUDGE
ITO WAS TALKING ABOUT.
I APPRECIATE YOU'LL BE STICKING
AROUND SACRAMENTO THANK YOU.
OKAY.
SEEING NO OTHER QUESTIONS THAT
IS THERE A MOTION.
OKAY BILL'S BEEN MOVED.
AND RECOMMENDING AND AYE VOTES
SECRETARY PLEASE CALL THE ROLL.
THE MISSION IS TO PASS AND BE
REFERRED TO SENATE
APPROPRIATIONS COMMITTEE PM
FIGHT PAN AYE MOREAU AYE MORRELL
AYE LEYVA AYE LEAVE AYE MORLOCK
AYE MORE LIKE I PORTANTINO BY
PORTANTINO AYE.
OKAY THEIR VILLAGE OUT FIVE ZERO
SPECULATIONS THINKS THEY'RE MORE
LIKE.
THANK YOU RICHARD.
ALL RIGHTS OF THE NEXT ITEM IS
ITEM NUMBER TWO SP SEVEN EIGHTY
THREE US SETS. SO.
CONSIDER MORAL AS ACTUALLY
SEVERAL OF PASSED THE GAVEL OVER
YOU SINCE IT'S NOT THAT THE
PRESENT
.
THANK YOU CENTER MORALES. THEIR
MORALE.
TERMINAL.
RIGHT SB SEVEN EIGHTY THREE AS A
BILL THAT WOULD CODIFY EXISTING
REGULATIONS THAT AUTHORIZE STATE
DEPARTMENTS PROVIDE A LEAVE BY.
PROGRAM FOR UP TO EIGHTY HOURS
FOR SUPERVISOR
POTENTIAL EXCLUDE YOUR MANAGER
EMPLOYEES A.
UPON A DETERMINATION BY
CALIFORNIA APARTMENT HUMAN
RESOURCES TO OFFER ANNUAL
BUYBACK OF THIS CREDIT.
IT IS IMPORTANT TO CODIFY THIS
PROVISION INTO LAW TO ENSURE
THAT WE PROTECT THE.
THOSE.
RATES THAT ARE DIRE INTERNALLY
IN REGULATION.
FOR THE.
THOSE STATE EMPLOYEES ARE
STRICTLY ASPIRIN AYE BUT.
REPORTERS SUPPORTERS OF THE
BILL.
ANY OPPOSITION.
QUESTION FROM THE MEMBERS.
WE HAVE A MOTION SENATOR YOU MAY
CLOSE BY ABOUT FIVE THE.
QUESTION MISTER.
CENTER PAM IT JUST TO GET A
CLARIFICATION.
ASHER CREWING THESE HOURS
DURING YOUR CAREER.
R. AT DAY YEAH AND YOU'RE
BUILDING THEM UP BUT ARE YOU ARE
YOU BUILDING UP HOURS WHEN
YOU'RE EARNING A LOW SALARY AND
THEN CAqADA. HANGING ON TO
THOSE HOURS AND THEN BEING PAID
A HIGHER SALARY WHEN YOU.
FIFTIES PAID OFF AND I I'M JUST
BECAUSE IT'S ONE OF THE ISSUES I
HAD WHEN I WAS A SUPERVISOR HAN
HOW. PEOPLE WOULD LEAVE. CASH
OUT ON THESE BALLOTS IS WALK OUT
WITH A HALF A MILLION DOLLARS OR
THREE HUNDRED THOUSAND YOUR YET
TO EXPLAIN IT TO THE PRESS AND
THE PUBLIC JUST DOESN'T.
GET IT BECAUSE THEY'RE THEY'RE
THEY'RE WALKING OUT THERE
HIGHEST SALARY AND I'M JUST
WONDERING.
HOW WE AT IF THE IF THAT'S A
CORRECT ASSUMPTION IF IT IS HOW
DO WE?
I DON'T EITHER.
SURE.
WILL FIRST OF ALL IT'S CAP
EIGHTY HOUR SO YOU CAN'T YOU CAN
ONLY ACCUMULATE SO MUCH THAT
LIKE IT'S YOU CAN ACCUMULATE.
OVER TWENTY YEARS IN ALL YOUR
VACATION EVERYTHING SO.
IT'S IT'S AND IT IS A LEAVE
FIGHT BACK SO THAT IS SOMETHING
THAT.
CAL HR WILL HAVE TO DECIDE
WHETHER THEY WISH TO OFFER AN
ANNUAL BY BACK OF THE CREDIT.
SO THAT'S.
I'M NOT. BELIEVE IT WAS IT
EIGHTY EIGHTY PER YEAR EIGHTY TO
EIGHTY HOURS TOTAL CAN ONLY YOU
CAN ONLY IF YOU MIGHT NEED OURS
PERIOD. THE WHOLE AND ASSESS.
OKAY.
IS UPON THIS IS OKAY SO.
MILES.
COMMITTEE STAFF.
YOU CERTAINLY CAN ASSIMILATE
MORE BUT THE LEAVE BUY BACK IS
LIMITED TO A AN EIGHTY HOUR BY
PACK AND WHAT YOUR ASSUMPTIONS
WERE YOUR QUESTION. EFFECTIVELY
YES PEOPLE HER CREWING THESE
LEAD THEIR LIVES LEAVES OTHER
CREWING IT TO THE COURSE OF THE
CAREER ESSENTIALLY IF YOU GONNA
PUT A MONETARY VALUE TO IT. WHEN
THEY'RE GETTING PAID LOWER A IT
OR EARLIER IN THEIR CAREER THE
GETTING UP GENERALLY A LOWER
SALARY AND LATER IN THEIR CAREER
THEY'RE GETTING THE SAME TIME.
ACTUALLY THEY MAY BE MORE TIME
BECAUSE I IN OUR SYSTEM. THE
MORE YEARS YOU HAVE THE MORE
LEAVE IT YOUR CREW BUT THERE IS
A CAP.
AND IT RECALL WHAT THE CAP IS
IT'S QUITE.
SCREEN SIX SIX FORTY.
THE KIND OF FORTY HOURS TOTAL
TOTAL.
S..
OVER OVER THE CAREER OVER ONLY
TIME TO BUILD IT UP AND.
AND SO THAT THAT WAS MY CONCERN
IS THAT NOW YOU MIGHT AND PAID.
TWENTY BUCKS AN HOUR WHEN YOU
STARTED BUT NOW YOU'RE CASHING
OUT OF FIFTY AN HOUR. AND
I AND I WOULD RATHER A CREW THAT
DOLLAR AMOUNT IN A CREW THE
HOURS.
SEE THE LOGIC I THINK I THINK
THE IDEA OF THE BILL IS THAT.
IF PEOPLE WAIT TILL OF THE INTO
THE CAREER TO CREATE THE CAN BE
PAID OUT AT THE MAXIMUM AMOUNT.
BUT IF YOU ENCOURAGE PEOPLE TO
TAKE THE BUY BACK DURING THE
COURSE OF THEIR CAREER. THEY'RE
GONNA BE.
THEY GONNA BASICALLY WAKEUP
PETABYTE EXAMPLE LAW THAT'S A
LITTLE BIT IT'S WRITER CREDITS
RIGHT IT'S IT'S A WAY OF
CHIPPING DOWN THAT.
FUTURE LIABILITY FOR THOSE OF
ANY WOULD BE PAID AT THEIR
CURRENT RATES AT ITS TILL BE
THERE.
LONGER YES.
OKAY THANK YOU.
FORGIVE ME I WAS.
OUTSIDE TED TOP AND FOR THE
ASSOCIATION OF CALIFORNIA STATE
SUPERVISORS AND SUPPORT.
AND.
EVEN MORE SPECIFIC HERE
QUESTIONS THAT ARE MORE LIKE THE
DETERMINATION IS MADE ANNUALLY
CAL H. R. DECIDES ANNUALLY. IF
THEY WILL MAKE THIS LEAVE BUY
BACK PROGRAM AVAILABLE TO
SUPERVISORS AND MANAGERS.
AND THEN DEPARTMENTS HAVE A
DETERMINATION TO MAKE THEIR OWN.
AT WHICH IS DO THEY. PROVIDE THE
FULL EIGHTY HOURS.
SOME FOLKS ONLY DO FORTY SOME
FOLKS ONLY PROVIDE TWENTY AND
THEY USUALLY DO IT OUT OF
EXISTING.
DEPARTMENT BUDGETS THERE'S NO
APPROPRIATION FOR THIS ITEM THEY
TAKE IT OUT OF THEIR EXISTING
RESOURCES.
ALLEVIATING THAT LONG TERM
BURDEN AND FINE LEAVE CREDITS AT
A MUCH LOWER COST TO FANTASTIC
DEAL FOR THE STATE.
ONE LAST QUESTION FOR BOB.
THIS APPEARS LIKE IT COULD SAVE
THE TAXPAYERS MONEY.
BUT IT.
CAN WE SAY FOR SURE IT WILL NOT
COST THEM MONEY.
ABSOLUTELY.
THIS IS.
THERE IS HIGH THINK NOW CORDONED
THE LA A THREE POINT THREE
BILLION DOLLARS IN KEY
ACCUMULATED. BELIEVE CREDIT DEBT
THE STATE HAS.
IF THEY WERE A.
IF THE STATE WERE TO UP BY THAT
WE'VE BACK THEY WOULD BE BUYING
IT AT A MUCH LOWER COST THAN
THEY WOULD IF THEY WERE TO. BUY
THAT THOSE EMPLOYEES FINAL YEAR
HIGHEST COMPENSATION THIS
ABSOLUTELY SAVES MONEY BY. OF
GIVING EMPLOYEES AN OPTION OF
AVAILING THEMSELVES OF.
BELIEVE BY BACK.
NOW INSTEAD OF LATER WHEN IT'S A
MUCH MORE EXPENSIVE.
THANK YOU.
GOOD JOB YOU WANNA CLOSE.
ABSOLUTELY YES WHEN I VOTE.
THE MOTION IS.
DO PASSED IN WHAT WE HEARD
APPROPRIATIONS SECRETARY PLEASE
CALL.
TO GRAB. FULL SUPPORT THANK YOU.
MAYBE A LITTLE FASTER.
OKAY.
I THINK EUROPEANS.
AND THIS CALL THE ROLL.
PAN AYE PEN AYE MORRELL AYE WELL
I LEVER AYE LEAVE AYE-MOORLACH.
MORE LIKE AYE PORTANTINO AYE
PORTANTINO AYE.
I WILL KEEP YOUR OFTEN ARE
RIDICULOUSLY HIGH HERE OKAY IT'S
DONE BILL ITSELF THANK YOU.
JOB FORGET YOU KNOW WHAT THANK
YOU SENATOR PORTANTINO'S FIRST
MY THING YOU SAID TO ME IN THREE
YEARS THANK. ALL. PUBLICLY
AVAILABLE.
AND PEOPLE I TO I THINK I VICE
CHAIR. OKAY WE HAVE ONE MORE
ITEM.
WHICH IS A VOTE ONLY SO I KNOW
THREE SB
X. EIGHTY ONE THAT WAS.
READY HEARD IN BY THIS
COMMITTEE SO WE'RE JUST.
GONNA BE DOING A.
REQUEST FROM MOTION THEN A VOTE
SO THAT'S AGAIN S. B. SIX EIGHTY
ONE. IT'S OUR MOTION FOR. OKAY
IT'S BEEN MOVED.
SECRETARY PLEASE CALL THE ROLL.
THE MISSION IS TO PASS AND WE
REFER TO SENATE APPROPRIATIONS
COMMITTEE CAN NO PIANO MORROW
AYE MORRELL AYE LEYVA. LEAVE A
NO MORE LOCK MORE LIKE I
PORTANTINO. PORTANTINO NO.
OKAY THE BILL FAILS.
TWO THREE.
THE WISHES.
RECONSIDERATION.
YEAH WELL IF YOU WOULD MIND. BUT
YEAH I CAN DO RECONSIDERATION
WELL ACTUALLY WE HAVE. WE DIDN'T
MEET CLINICIAN.
OKAY WELL IF YOU IF YOU WISH TO
REQUEST AND WE WILL DO AYE I
WILL I WILL REQUEST A
CONSIDERATION YES. FLOW WILL
PUT.
.
IS IT A BIT TO ALLOW AT THE BILL
READ A SEPARATION SO SICKLY
PLEASE CALL THE ROLL.
PAN AYE PAN AYE MORALE AYE
MORRELL AYE LEVER AYE LEAVE AYE
MORE LOCK. MY LIKE AYE
PORTANTINO AYE AYE PORTANTINO
AYE OKAY. ALRIGHT. WITH THAT OF
THIS SPECIFIC HEARING OF THIS
ALCHEMY A PUBLIC EMPLOYEE
RETIREMENT IS ADJOURNED