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Controversial Pension Deal Struck in California
Governing Link to more items from this source
Aug. 29, 2012

"Pension experts said the plan, which assumes higher contributions from existing employees and imposes pension caps and raises the retirement age for new workers, falls short of the Democratic governor's own earlier proposal to rein in those costs. It immediately drew fire from a leading pension reform advocate as insufficient to cut billions of dollars in unfunded obligations on governments' books."

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