Here’s the update from Metro CEO Art Leahy:

PEPRA/13(C) Update

AB 1222 (Bloom) passed the Assembly unanimously today with a vote of 72-0. This measure creates a 15 month exemption from the state’s pension reform law and will lead to the release of our federal funding. This final step completes the legislative process for this measure and it will now be transmitted to the Governor for his consideration. We will continue to work with the Governor’s office and our federal partners to ensure a smooth implementation of this measure and to quickly access our vital federal funding. I would like to thank Metro Board Chair Diane DuBois and Metro Board Directors Eric Garcetti and Zev Yaroslavsky for their efforts in both Sacramento and Washington.

What’s all this about? It’s a bill that would exempt transit workers from the state’s pension reform (PEPRA) in order to continue the flow of federal transit funds to transit agencies in California, including Metro, which has more than $3 billion at stake.

More background in our earlier post.