Calif. Leaders Agree To Overhaul Pension System | WAMU 88.5 - American University Radio
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Calif. Leaders Agree To Overhaul Pension System

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California Governor Jerry Brown has reached a deal with legislators to overhaul the state's pension system. The changes include capping annual pension payments, requiring new employees to pay 50 percent of their pension costs and raising the retirement age. The package will save the state about $30 billion.
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