1. Public Retirement Plans Must Change with Times
Group 2: CETA
Eugene Davidovich
Al Glenn
Cy Lee
Tammy Lee

2. Overview
Anger from retired state employees

3. Examples
SF resident, age 61, 31 years of service, $31,000 annual pension
Sacramento resident, age 66, 17 years of service, $14,000 annual pension
Average retirement pay is $28,755 per year

4. What Americans Want in a Plan
Most Interested in Portability, Employer Contribution
Least Interested in managing investments
Individual responsibility and control and trust
Division on allowing loans

5. How concerned are you about current economic conditions affecting your ability to achieve a secure retirement?

6. Next Steps Collaboration between all stakeholders
Examples of adjustments
Collective bargaining

7. Questions