Brown takes softer line in latest plan to rein in pension costs (1 year and 7 months ago)

Aug 29, 2012

The governor would raise the retirement age and cap benefits, but he omits key provisions of his earlier proposal. A vote on the plan is expected Friday.Gov. Jerry Brown announced a new plan Tuesday to rein in public pension costs that would raise the retirement age, cap benefits for the highest-paid employees and eliminate "spiking" — but lacks key parts of the bolder system overhaul he proposed months ago and would even increase some payouts. full story

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