“The Los Angeles Area Chamber of Commerce strongly supports AB 340 because it would begin to put in place important reforms of California’s broken public pension system by ending abusive pension spiking and double dipping.” said L.A. Area Chamber Board of Directors Chair Joseph A. Czyzyk. “In addition, this bill gives retirement boards permission to call out and identify suspicious pension enhancement practices, an authority they currently do not hold.”

“We strongly encourage all members of the State Senate to support AB 340 as an important first step in reforming our state’s public pension systems and we thank Assemblyman Warren Furutani for authoring this legislation in the Assembly.”