Would eliminate disability retirement and death
even for survivors of police and
firefighters hurt or killed in the line of duty.
Might require use of private money managers
—e.g., CalPERS could not
manage the DC plan.
Richman’s staff is developing a separate bill that
would create plans that would have a dollar-for-
dollar match on up to 10% of employee pay.
A DC plan would not protect against inflation.
Effects of Richman’s DC Plan