Many people don’t realize that over the course of the last few decades, corporations have essentially spiked their top management’s retirement pay as they exit, adding bonuses, stock options, perks and other incentive compensation to their retirement benefit calculations, exponentially increasing the total amount of money they will receive once they are no longer providing any services to the company. This has occurred at the very same time these corporations have restructured and eliminated pension benefits for average workers, and as public pensions are decried as exorbitant and unsustainable.
In 2008, Mark Leno was elected to the State Senate, representing California’s 3rd Senate District encompassing all of Marin County, and parts of Sonoma and San Francisco Counties. Senator Leno chairs the Senate Budget and Fiscal Review Committee.
From 2002-2008, Senator Leno served in the California State Assembly, representing the 13th District, which encompasses the eastern portion of San Francisco. Prior to his election to the Assembly, he served for four and a half years on the San Francisco Board of Supervisors.