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California: Pension Reform & “Vulture Capitalists”

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If the squealing by the forces behind attempts to blow up the state's public pension are any indication, the truth must really hurt.

In the last few days, both the nonpartisan Legislative Analyst's Office and Attorney General issued their judgment on pension reform proposals being proposed by former Schwarzenegger aide Dan Pellissier. And it wasn't pretty.

The LAO noted that the proposals would cost governments more than $1 billion per year for up to 30 years...

LINK - CapitolWeekly.net


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