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CA governor Jerry Brown is set to propose raising the retirement age for newly hired state...
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Thursday, October 27, 2011, 2:59 PM ETCA governor Jerry Brown is set to propose raising the retirement age for newly hired state workers to 67 as well as offering them less generous benefits - including the replacement of defined-benefit pensions with a "hybrid" system. His proposal also includes eliminating retirement service credits which bumped pensions by adding time to workers employment records.
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This news story has 4 comments:
So that's what they mean when they promote social justice.
I read the article. This is not my area of expertise but it seems that the new proposals give new California hires far better benefits than those afforded by private corporations.
I am sure that the plan will be modified before it can become law or be implemented. However my reading suggests that is is an intelligent proposal to reduce the State deficit.
Don't live in California but my vote does go to this leftist governor.