Former Gov. Gray Davis speaks out about pension reform

Former Gov. Gray Davis, a speaker at the September 24 Rebooting CA symposium, has come out in support of pension reform:

“Pension reform is essential. You just can’t afford the benefits that have been promised because all the actuarial studies turned out to be wildly optimistic,” he said. “We have no choice now, and if I was governor, I would be doing exactly what Arnold is trying to do, which is require people to contribute more to their pensions.”

To read the rest of Davis' comments on California's pension system, click here.
To hear Gov. Davis give his keynote speech at the Rebooting CA symposium, click here to register.