Sandi Sternberg

Governor Jerry Brown has introduced his proposal to modernize the state-employee pension system. I say “modernize” because in principle that’s what we’re talking about here. Anyone who’s held a job in private industry as far back as the mid- 1970s has seen the system evolve from the pension Dad collected back in the day (along with his 25- year commemorative watch) to today’s system complete with 401Ks and their diminishing contributions by employers.