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California's Pension Predicament
Governing
[Opinion] May 7, 2010 "In California, ... the state constitution's explicit pension protections and some ensuing court cases have been interpreted by many to protect the rights of public employees to an entitlement to receive the same benefits their entire lifetime. With that legal precedent, it becomes virtually impossible to reduce incumbents' benefits prospectively or to change the retirement ages for incumbent employees." MORE >> |
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