Brea is a city in California.
- Main article: California government sector lobbying
The city's unfunded pension liabilities as of June 30, 2011 were $54 million. Brea has an operating budget of $86.7million. The city has about 305 full-time employees and will spend $41.8million on salaries and benefits this fiscal year, according to the city's 2012-13 adopted budget.
Pension Reform Efforts
The City Council of Bre voted unanimously in May of 2011 to slash pensions for future hires and require current employees to pay as much as 4.5 percent of their salary toward retirement, up from zero. Brea is among about 90 cities in the most populous state that have made changes to their pension plans, according to an informal list kept by the California Public Employees’ Retirement System. Brea contributed $8.3 million. or 8.9 percent, of its general-fund spending to retiree health-care and pensions last year, according to the city’s annual report.
- State-Level Lobbying and Taxpayers: How Much Do We Really Know?, Pacific Research Institute
- http://www.ocregister.com/news/city-500466-moore-pension.html/ Orange County Register, Councilman pushes to solve Brea's pension shortfall, March 19, 2013]
- Bloomberg News, California cities carry out pension changes while Brown still negotiating, June 9, 2011