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The 2017 Pension Political Power 25: Jerry Brown

< 25 Top Pension Power Players13. Jerry BrownGovernor 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 25Click below to view profiles
1. Andy PuzderSecretary of Labor2. Bruce RaunerGovernor of Illinois3. Betsy DeVosSecretary of Education4. Laura & John ArnoldFounders,
Laura and John Arnold Foundation5. Steven MnuchinSecretary of the Treasury
6. Wilbur RossSecretary of Commerce7. Tani Cantil-SakauyeCalifornia Chief Justice8. Paul RyanSpeaker of the House9. Anthony ScaramucciFounder, SkyBridge Capital10. Kevin de LeónCalifornia State Senator and President Pro Tempore
11. Mike EnziChairman, Senate Subcommittee on Primary Health and Retirement Security12. Steve SweeneyPresident,
New Jersey State Senate13. Jerry BrownGovernor of California14. Corey LewandowskiCo-founder, Avenue Strategies15. Paul SingerPresident,
Elliott Management Corp.
16. Randel JohnsonSenior Vice President, Labor, Immigration, and Employee Benefits, U.S. Chamber of Commerce17. Joe ManchinU.S. Senator18. Kenneth FeinbergFounder and managingpartner, Feinberg Rozen19. Scott WalkerGovernor of Wisconsin20. Richard TrumkaPresident, AFL-CIO
21. Mike RawlingsMayor of Dallas22. Elizabeth WarrenU.S. Senator23. Kent MasonPartner,
Davis & Harman24. Bernie SandersU.S. Senator25. Randi WeingartenPresident, American Federation of Teachers