Key details behind California's pension reform plan:
Retirement age: Raises the retirement age to 67 from 55 for most new employees to get full benefits, and 57 from 50 for new public safety employees.
New formula: Changes the formulas for new employees upon which benefits are calculated
Pension caps: Caps benefits for new public employees who make more than $110,100; or those who make more than $132,120 but don't get Social Security.
Spiking: Eliminates pension "spiking," or inflating salary in the years before retirement to increase pension.
Double-dipping: Eliminates most double dipping, or drawing a pension while working another government job.
Felons: Forbids felons from collecting pensions.