The Conservative Cave
Current Events => The DUmpster => Topic started by: Ballygrl on September 01, 2012, 02:01:16 PM
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http://articles.chicagotribune.com/2012-08-31/news/sns-rt-us-usa-california-pensions-votebre87u17i-20120831_1_pension-reform-pension-bill-hybrid-pensions
California legislature approves pension reform
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SACRAMENTO, California (Reuters) - California's legislature easily passed a pension reform measure on Friday that cuts some of the most generous public employee retirement benefits in the United States, but even many supporters of the plan called it only a first step in fixing a pension deficit that has been decades in the making.
The pension bill, unveiled by Governor Jerry Brown on Tuesday after months of talks with fellow Democrats, will raise the retirement age and reduce benefits for new employees. It will also boost employee contributions and eliminate some practices that have led to exorbitant pensions for a relatively small number of workers.
The pension bill garnered strong bipartisan support in both chambers, passing 48-8 in the Assembly and 38-1 in the Senate, although supporters from both sides of the aisle said more was needed.
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Perhaps because it is phony.
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Libs will always give fellow libs a pass on the same exact issue they would castigate a conservative for.