Brown to Propose Overhaul for California’s Underfunded Pensions
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California Governor Jerry Brown said he will propose changes to the most-populous U.S. state’s underfunded public-employee retirement plans.
Brown did not say specifically what facets of the two biggest pension systems he would like to alter. His administration will release ideas in coming weeks, Brown said today in a speech to the League of California Cities, a conference in Sacramento for mayors, city council members and administrators.