As local governments in California breathe a sigh of relief following the governor’s veto of a bill that would have enhanced retirement benefits for police and firefighters — potentially raising annual taxpayer pension costs by millions of dollars — labor groups are taking stock of their loss and preparing to mount a new campaign for changes.
Assembly Bill 1383 would have allowed public safety employees to retire two years earlier and potentially with greater pension benefits than under current pension plans for most active workers.
Another clause in the measure would’ve raised the cap on annual pensionable earnings to be consistent with higher federal limits for all public employees…