Tuesday, August 28, 2012

California near landmark pension reform

California near landmark pension reform - Inside Bay Area: ""If they don't" pass a reform package, "it's hard to see how the initiative wins," said Dan Schnur, director of the Jesse M. Unruh Institute of Politics at the University of Southern California. Legislative Democrats are poised to hold conference committee hearings early this week, followed by a floor vote "well before" Friday's midnight deadline for the legislative session. Senate President Pro Tem Darrell Steinberg, D-Sacramento, promised "comprehensive" fixes, which include raising the retirement age for government employees and capping their pension benefits at the state and municipal level, a plan they hope will be seen as closely resembling the governor's 12-point proposal. Unveiled in October, the governor's blueprint drew praise from pension reformers. Republicans copied it word for word into bills they hoped would go before voters alongside the Democratic governor's tax . . . "

The operative word here is "near."  Near, and yet so far . . . .

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