SACRAMENTO, CA — California Chamber of Commerce President and CEO Allan Zaremberg released the following statement on Governor Edmund G. Brown Jr.’s pension reform plan:

“We commend the Governor for a bold and substantive proposal that addresses California’s unsustainable state and local pensions and retiree health care costs.  The Legislature should embrace this common sense plan that, among other things, recognizes that pensions need to change as life expectancy is lengthened.  Addressing pension and health care costs will allow state and local governments to fund programs critical to our economy including higher education, K-12, public safety, and the courts.”

The California Chamber of Commerce (CalChamber) is the largest broad-based business advocate to government in California.  Membership represents one-quarter of the private sector jobs in California and includes firms of all sizes and companies from every industry within the state.  Leveraging our front-line knowledge of laws and regulations, we provide products and services to help businesses comply with both federal and state law.  CalChamber, a not-for-profit organization with roots dating to 1890, promotes international trade and investment in order to stimulate California's economy and create jobs.  Please visit our website at www.calchamber.com.

#####