Brown's Pension Overhaul Plan Draws Praise, Doubt From Analyst

Legislative office lauds the bid to combine the existing system and 401(k)-type savings for future state workers but says altering benefits for current employees will be hard, 'perhaps impossible.'Gov. Jerry Brown's proposal to alter public pension benefits is courageous but legally dicey, and key pieces of it have not been fully developed, according to a new report from California's nonpartisan Legislative Analyst's Office.

 

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