Tuesday, November 22, 2011
"Calif. cities take pension reform to the ballot"
California is at the forefront of many things, and public sector pensions are one.
Currently, they are looking for answers.
If they come up with something good, it's very likely to spread...
Currently, they are looking for answers.
If they come up with something good, it's very likely to spread...
Mercury News has Judy Lin's Associated Press story about the issues:
"Local governments are increasingly turning to voters for help to rein in the cost of public pensions as the state continues to wrestle with the issue. Talks stalled earlier this year between Democratic Gov. Jerry Brown and Republican lawmakers after they failed to reach a compromise on tax extensions. Brown failed to generate support for his proposed changes and is now offering a plan to raise the retirement age to align with Social Security and move new state workers to a hybrid system where guaranteed benefits are combined with a 401(k)-style plan."
