News
Federal
State
In the News >
Press Releases
Publications
E-Newsletters
Join Our Newsletter
Help us bring the truth about the nation’s debt to life. Sign up today for updates and more information.

 
California takes softer line in latest plan to rein in pension costs
Gov. Jerry Brown announced a new plan Tuesday to rein in public pension costs that would raise the retirement age, cap benefits for the highest-paid employees and eliminate "spiking" — but lacks key parts of the bolder system overhaul he proposed earlier.

(Los Angeles Times) The governor described as "radical change" the program he and lawmakers agreed
upon to address what has become a heavy burden on state and local governments
and generated voter anger over rich benefits for government workers.  Read more.

<< Back