Posts Tagged: pension spiking

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Brown leaves with pension reform pending

Gov. Jerry Brown discusses public pension issues at a Capitol budget briefing for reporters. (Photo: AP/Rich Pendroncelli, via calpensions.com)

Gov. Brown leaves office next week with a smaller cost-cutting pension reform than he wanted. But after he’s gone, union challenges to minor parts of his reform pending in the state Supreme Court may open the door to big changes. The main parts of Brown’s reform add several years to retirement ages and make some employees pay more for their pensions.

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