The new law signed by California Gov. Jerry Brown increases the retirement age for new hires, caps benefits and requires employee contributions.SACRAMENTO — Gov. Jerry Brown on Wednesday signed legislation aimed at saving taxpayers billions of dollars on public pension costs, but he acknowledged the bill is "not perfect" and said more changes may be needed in the state retirement system.
Gov. Jerry Brown Signs Bill To Trim Public Pension Costs
By Patrick McGreevy, Los Angeles Times, Los Angeles Times: Local
Thu, 09/13/2012 - 12:00am
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