From Sac Bee:
Gov. Jerry Brown‘s proposed rollback of public employee pensions received a tepid response from legislators at its first public hearing today, even as the Democratic governor made a rare public appeal for the plan.
“We think this is not kind of like an opening bargaining, in my opinion this is the minimum, this is what makes sense, consistent with the law and even consistent with what I think the Legislature can get to,” Brown told members of a joint legislative committee on pensions.
Brown outlined in October a package of proposed changes to the pension system that includes raising the retirement age and transitioning to a “hybrid” system combining defined benefits and 401(k) style plan for new workers. He has also called for increasing employee contributions and cracking down on pension calculating practices that can increase payouts.
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