< 25 Top Pension Power Players
13. Jerry Brown
Governor of California
California’s Democratic governor, Jerry Brown, didn’t hesitate before signing into law the California Secure Choice Retirement Savings Program, which is rattling money managers. Now California will have a state-run retirement plan for private sector employees, giving 7 million workers without a retirement plan a low-cost way to save — a model that other governors may advocate for their own states. Brown, 78, who was elected to a historic fourth term in 2014, supported the initiative led by State Senator Kevin de León (No. 10), countering money managers’ arguments that such a plan could leave taxpayers with the bill in the case of shortfalls. He has also backed the California Public Employees’ Retirement System’s phase-in of a lower discount rate — the assumed rate of return on plan assets — providing a more accurate account of liabilities. — Julie Segal
The 2017 Pension Political Power 25
1. Andy Puzder 2. Bruce Rauner 3. Betsy DeVos 4. Laura & John Arnold 5. Steven Mnuchin |
6. Wilbur Ross 7. Tani Cantil-Sakauye 8. Paul Ryan 9. Anthony Scaramucci 10. Kevin de León |
11. Mike Enzi 12. Steve Sweeney 13. Jerry Brown 14. Corey Lewandowski 15. Paul Singer |
16. Randel Johnson 17. Joe Manchin 18. Kenneth Feinberg 19. Scott Walker 20. Richard Trumka |
21. Mike Rawlings 22. Elizabeth Warren 23. Kent Mason 24. Bernie Sanders 25. Randi Weingarten |
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