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Feb
26
Written by:
ACSS Communications
2/26/2009 9:37 AM
Here is a pdf of the Legislative Analyst's analysis of the McCauley Public Pension Reform Act. To recap: Signatures are now being gathered to put an intiative on the ballot to allow public agencies to reduce their retirees' pensions. We urge you not to sign this petition! The LAO report concludes that any savings that might result from reducing pensions would likely be offset from increases in other costs.
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