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The 2017 Pension Political Power 25: Jerry Brown

No. 13. Jerry Brown, Governor of California

  • By Peter Vasiliev

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
Secretary of Labor
2. Bruce Rauner
Governor of Illinois
3. Betsy DeVos
Secretary of Education
4. Laura & John Arnold
Founders,
Laura and John Arnold Foundation
5. Steven Mnuchin
Secretary of the Treasury
6. Wilbur Ross
Secretary of Commerce
7. Tani Cantil-Sakauye
California Chief Justice
8. Paul Ryan
Speaker of the House
9. Anthony Scaramucci
Founder, SkyBridge Capital
10. Kevin de León
California State Senator and President Pro Tempore
11. Mike Enzi
Chairman, Senate Subcommittee on Primary Health and Retirement Security
12. Steve Sweeney
President,
New Jersey State Senate
13. Jerry Brown
Governor of California
14. Corey Lewandowski
Co-founder, Avenue Strategies
15. Paul Singer
President,
Elliott Management Corp.
16. Randel Johnson
Senior Vice President, Labor, Immigration, and Employee Benefits, U.S. Chamber of Commerce
17. Joe Manchin
U.S. Senator
18. Kenneth Feinberg
Founder and managingpartner, Feinberg Rozen
19. Scott Walker
Governor of Wisconsin
20. Richard Trumka
President, AFL-CIO
21. Mike Rawlings
Mayor of Dallas
22. Elizabeth Warren
U.S. Senator
23. Kent Mason
Partner,
Davis & Harman
24. Bernie Sanders
U.S. Senator
25. Randi Weingarten
President, American Federation of Teachers

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