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|Hotel California's $36,000-Per-Household Bill for Public Employee Pensions|
San Francisco Chronicle
June 8, 2010
Excerpt: Schwarzenegger tried to fix the problem. In 2005, he proposed ending state employees' generous defined-benefit pensions by setting up 401(k)-style plans for new state hires. He collected 400,000 signatures for a special-election ballot measure toward that end. Did a grateful public rally behind Schwarzenegger? Short answer: No.
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