December 2, 2011
Gov. Brown urges quick work to get state pension reform proposal on 2012 ballot
Making a rare gubernatorial appearance before a legislative committee, Gov. Jerry Brown on Thursday urged a panel studying potential changes to public employee pensions to act quickly on reforms he has proposed in order "to win the confidence of the people."
Brown has asked lawmakers to place on a next year's ballot constitutional changes that would implement portions of his proposals, which include requiring public workers to pay half the cost of annual contributions to their pension plans, raising the retirement age to 67 for most workers and establishing a so-called "hybrid" system that would include both a scaled-down pension and a 401(k)-type retirement saving plan...
LINK - VCStar.com
