Pension Bill Threatens Taxpayer Burden | California News

California lawmakers are poised to gut recent pension reforms and slash taxpayer costs—again—by approving a bill that could saddle the state with an extra $8 billion, letting police and firefighters retire at 55 with 90% of their salary. Despite CalPERS being only 85% funded and market risks looming, the legislation has already passed the Assembly with bipartisan backing, fueled by powerful unions and lawmakers who may not fully grasp the fiscal fallout due to term limits. This repeat of past mistakes threatens to drain funds from street repairs, healthcare, and other essentials—just as taxpayers already shoulder the largest share of pension burdens. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/70fe5a21f5f033f3