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California Candidate for Governor Calls for Defined Contribution Accounts for New State Hires
Orange County Register Link to more items from this source
[Opinion]
Mar. 1, 2010

"On pension reform, we need to align public employee retirement benefits to those available in the private sector. New state workers should receive a 401(k)-style defined-contribution plan. For most existing state workers, we need to increase the retirement age from 55 to 65, require longer vesting periods, and ask them to contribute more to their retirement benefits."

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